This document presents an overview of the current security trends related to the mobile payments market. It outlines NFC technology related threats and vulnerabilities, and explains how these could affect the entire contactless payment ecosystem.
It summarises the vulnerabilities and threats in NFC mobile services and offers a description of the risks NFC functionalities face today and are likely to face in the future. There are a few countermeasures recommended to manage these vulnerabilities and threats. Stakeholders within the NFC ecosystem need to take these recommendations into account to ensure that end users have the best possible service that works in a secure manner.For a successful mobile payments landscape, all stakeholders in the ecosystem need to work together to ensure secure and efficient NFC services.