Security Concerns Top Barrier to Adoption of Smartphone Payments

57% of smartphone owners anticipate a similar or decreased usage of their device as a payment method, citing concern about security or fraud (39%) as the leading reason for not increasing their use, according to a February 2012 report from Radius Global. Overall, 86% of Americans say that data security concerns have either a significant influence (49%) or some influence (37%) on their likelihood to make purchases through a smartphone. (more…)