Mobile Phone Terminals Need Account Credit Card High Merchant Processing Risk Services

In a survey last year, it was found that those merchants accepting credit and debit cards through mobile phones were at a significantly higher chance for fraud. Over three thousand attempts at fraudulent purchases were made each month through mobile phones alone. With that being said, it is obvious that account card credit high merchant processing risk services are needed for these types of transactions.

Researchers explained that due to the lack of ability to ensure mobile phone security, it is much easier for hackers to access personal credit card information. Additionally, close to forty percent of these attempts are never acknowledged because of the lack of awareness. Software on the cellular phone is not keeping up with the products and therefore leaving this type of purchasing open for security breaches.