Under the hood, modern mobile payment security technologies have come a long way since the early days,Technologies like tokenization are built into the mobile payment platforms to keep payment card and other personal information secure, while biometric authentication on the device is leveraged to prevent unauthorized use of the mobile device for payments. These measures, in
aggregate, help to combat fraud in a mobile payment context—and are features that have no direct
counterpart in a physical (particularly magnetic swipe) payment card transaction.