With all the talk about mobile wallets these days, there’s also a lot of concern about security. If you lose your phone, and your wallet’s in your phone, isn’t that like losing your wallet too? No, it isn’t. Not in all cases. With the mobile wallet in the cloud, mobility actually provides a whole new level of fraud protection.
For example, when I set up my mobile banking profile, I specified that I want to receive an SMS alert whenever there are transactions that originate from foreign countries, or are....