Mississauga, ON -- (SBWIRE) -- 10/21/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “iWallet a New Old Fashion Way to Protect and Carry Cash and Credit Cards.”
Companies mentioned in this article include iWallet Corporation (OTCQB:IWAL).
Near Field Communications, or NFC, has been around for years. It’s a simple, low-power technology growing in popularity for securely identifying a person and information, such as bank accounts or medical information, thanks in part to Apple launching its proprietary payment system called iPay on Monday. Apple can herald security with its product, but only time will truly validate that claim, as a proclamation of security didn’t seem to stop hackers from breaching databases at major corporations like Target and JPMorgan, amongst many others. Let’s not forget that even the U.S. Department of Defense was hacked in 2011.
According to a recent PwC report, public awareness of mobile wallet applications is relatively high, yet use is still relatively low as loss of privacy and loss of security around financial transactions are key areas of concern. Touching on the report, luxury techcessories company iWallet Corporation (OTCQB:IWAL) said in a letter to potential shareholders on Tuesday that fewer than half of people are comfortable using a mobile wallet, citing many reasons why, including potential for their smartphone to become a greater target of theft.
The full version of this article can be found at:
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