The British government has released guidelines designed to reduce fraud for mobile payments, a spokesperson for the United Kingdom's Home Office, the agency that released the recommendations, tells CardLine Global.
The recommendations call for mobile operators to disable contactless-payment functions and related applications "as soon as possible" after the owner reports a phone lost or stolen. The recommendations also call for consumers to be "encouraged" to register their phones to a national database to make identification of lost and stolen phones easier.
The recommendations come as mobile payments, along with contactless payment applications, gain popularity in the UK and as regulators anticipate possible rollouts of Near Field Communication, a short-range wireless technology that enables mobile phones to conduct contactless payments and receive information, such as coupons.
