AT&T* today announced the availability of a new application programming interface (API) toolkit that can help businesses make mobile transactions safer and easier for AT&T mobile subscribers. The toolkit allows businesses to automate fraud avoidance queries and the completion of basic forms for subscribers during transactions.
Security is a major concern among people who want to use their phones for mobile banking and m-commerce. According to a Federal Reserve Bank survey, while nearly half of smartphone owners in the U.S. have used mobile banking in the past 12 months, concerns about the security of the technology were the second most common reason given for not using mobile banking.1
1 Board of Governors of the Federal Reserve System, March 2013, ‘Consumers and Mobile Financial Services 2013’ http://www.federalreserve.gov/econresdata/consumers-and-mobile-financial-services-report-201303.pdf