As If Mobile Payments Didn’t Have Enough Problems, What About Regulations?

Mobile Money Transfer

There’s plenty of reasons why replacing your wallet with a cellphone is still a ways off, but now there’s an all new one: regulation. According to Consumers Union, mobile payments may not be safe, and is working with regulators to implement protective standards, reports the Los Angeles Times.

The most noticeable issue is that credit or debit card holders today are shielded by law from many charges associated with lost, stolen or misused cards. But if those same protections aren’t instituted for

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