Data proves we pay for things on mobile, but we're still nervous about security

Jumio, a young firm backed by Facebook billionaire Eduardo Saverin, has just published research on how consumers are using their mobile devices to pay for things.

Among the data are two key facts: We're using our smartphones to pay for all sorts of goods and services, and, at the same time, we're aware of the security risks those transactions carry. While 60% of consumers surveyed plan to use their smartphones or tablets "even more" in the future to "conduct important activities" like banking, bills, service management and so on, only 48% of people currently use their device to check bank details and 32% pay bills online.

(Nov 29)