How To Improve Banking App Security With GPS Data

Written by paul-shumsky | Published 2020/02/20
Tech Story Tags: security | fintech | gps | banking-software-applications | privacy | how-to-improve-banking-apps | location-based-technology | authentication

TLDR The number of smartphone users worldwide has surpassed three billion and is forecast to grow by hundreds of millions of users over the next few years. By the fourth quarter of 2019, the number of Android apps had exceeded 2.5 million, according to Statista figures, and Apple’s app store offered more than 1.8 million apps. The European Union has implemented the Payments Services Directive 2 (PSD2), which is strict regulation that governs electronic payment services. GPS tracking is undoubtedly a reliable way of monitoring the movements of an individual because they usually have their phones on them.via the TL;DR App

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Written by paul-shumsky | Technology Entrepreneur
Published by HackerNoon on 2020/02/20