What are the key features of mobile payment systems?
Mobile payment systems typically include features like contactless payments, security encryption, user authentication, and transaction tracking.
How do these systems ensure security during transactions?
They use encryption to protect data, tokenization to mask sensitive information, and multi-factor authentication to verify users.
Can you explain what tokenization means in this context?
Tokenization replaces sensitive card information with a unique identifier or token, making it useless if intercepted.
Are there any popular mobile payment apps I should know about?
Yes, popular apps include Apple Pay, Google Pay, and Samsung Pay, each offering unique features and benefits.
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