Structured Summary
- Biometric Authentication
- Tokenization
- Blockchain Technology
- AI and Machine Learning
Biometric Authentication
Biometric authentication, such as fingerprint or facial recognition, is becoming more prevalent in mobile payment security. This technology provides an additional layer of security by verifying a user's unique biological traits.
Tokenization
Tokenization replaces sensitive payment information with a unique token, reducing the risk of data theft. This method ensures that even if the token is intercepted, it cannot be used to make unauthorized transactions.
Blockchain Technology
Blockchain technology offers secure and transparent transaction processing. Its decentralized nature and cryptographic techniques make it difficult for hackers to compromise the integrity of mobile payments.
AI and Machine Learning
AI and machine learning are being used to detect and prevent fraudulent activities in real-time. These technologies analyze patterns and behaviors to identify potential security threats and protect mobile transactions.