- Biometric Authentication
- Tokenization
- AI and Machine Learning
- End-to-End Encryption
Biometric Authentication
Mobile payment security measures in 2024 include the widespread use of biometric authentication, such as fingerprint and facial recognition, to verify the user's identity before authorizing a transaction.
Tokenization
Tokenization replaces sensitive payment information with a unique token, reducing the risk of fraud and hacking by ensuring that the actual card details are never transmitted during a transaction.
AI and Machine Learning
AI and machine learning technologies are being utilized to detect and prevent fraudulent activities by analyzing patterns and anomalies in transaction data in real-time, providing an additional layer of security.
End-to-End Encryption
End-to-end encryption ensures that payment data is securely transmitted and stored, protecting it from unauthorized access and reducing the risk of hacking and data breaches.