Mobile Payment Systems Could Leave Consumers At Risk

Consumers Union Calls on Regulators to Require Mobile Payment Providers to Abide by Strong Consumer Protections SAN FRANCISCO, CA — Recent news stories have highlighted how consumers in the U.S. soon will be able to pay for products and services with a wave of their smart phones. But while mobile payment technologies may offer a convenient new way to pay for goods and services, consumers could be at risk of losing money when mistakes are made by merchants and processors or as a result of fra