Security of Mobile Payments and Digital Wallets

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Publication date:December 19, 2016

The primary objective of this paper is the production of guidelines to assist mobile payment developers and mobile payment providers towards recommended security controls which if implemented would help ensure that consumers, retailers and financial institutions are all safeguarded from cyber threats. A secondary objective is to define minimum measures that should be followed by mobile payment providers in the EU, and to provide security recommendations for organisations wishing to provide mobile payment services within the EU.