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Security implications of accepting transactions on smartphones

One of the most exciting innovations in the payment chain for retailers today is the potential of utilizing smartphones for Point-of-Sale terminals, also referred to as mobile PoS (mPoS). What originally started as a complex process, particularly with the chip card migration in the United States, has quickly become a huge opportunity for organizations and individuals alike. In this whitepaper we explore the rise of smartphones being used as mPoS terminals as well as the relevant technologies, standards, and security challenges that must be faced as a result.

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