Internet banking has transformed the way we manage our money and brought banking to our desktops. Mobile banking and mobile payment apps are growing fast as banks and brands push mobile payments, or m-payments, to become more customer friendly. eBay has sold over 30 million items via its mobile apps, Starbucks and other brands offer payment apps, Apple is releasing "wave and pay" and Google’s CEO has identified the development of mobile money platforms as a key strategic priority for the search engine giant in 2011.
But identity fraud is on the rise. Read the Article
This article by Alex McCracken, head of Accelerator for Silicon Valley Bank UK, and Saurabh Shukla, the operational risk and fraud manager for Silicon Valley Bank UK, was published in The Telegraph