Contactless payment risk on mobiles 'not yet known'

An industry commentator has pointed out that there are still worries surrounding the use of contactless payments on mobile phones.

The risks associated with making contactless payments on mobile phones have yet to be worked out, according to an industry commentator.

Brian Turner, director of Brite Media and executive editor of MobileWire.co.uk, has pointed out that incidents of mobile phone theft and fraud could increase the risk of contactless payments being made illegally, but it is not yet clear by how much.

He commented that criminal gangs will always try to exploit technology such as this, no matter what precautions are taken, but he felt that most important question was who would be liable for covering the cost of unauthorised payments.

"Every method of transaction is open to risk. It remains to be seen how much risk may be involved with contactless payments," he said.

Mr Turner stated that he is also unsure of how secure the technology behind the payments is, as it has been compared to the Oyster card system, which he claims was cracked some time ago.

He made his comments following the news that a deal had been agreed between the government, card payment and mobile phone companies in order to stop criminals from using the contactless payment facility illegally.

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