Refer to Opening Case - The Battle for the Mobile Wallet: Which of the following statements concerning mobile wallets is true?
A) Traditional credit card issuers have not shown a serious interest in this technology.
B) Individual companies cannot utilize this technology due to its prohibitive price.
C) Google has launched a program to manufacture its own smart phone chips.
D) Unlike traditional wallets, smart phones can be password protected.
E) Consumer advocates endorse mobile systems because they will lead to lower prices.

Question

Quizplus · Accepted Answer

Unlike traditional wallets, smart phones can be password protected, making them more secure for storing payment information. The other statements are false or not relevant to the topic of mobile wallets.

Refer to Opening Case - the Battle for the Mobile