ForensisGroup mobile wallet expert witnesses work in all aspects of this nascent technology, including intellectual property issues, data privacy, IT security, fraudulent charges, and identity theft.
A mobile wallet is a way to use a credit card or debit card in digital form on a mobile device. Rather than using a physical plastic card to make purchases, a user can pay with his or her smartphone, tablet, or smartwatch. Some of the most notable third-party mobile wallets are Apple Pay, Samsung Pay, and Android Pay.
A user downloads the mobile wallet app (or it is already built into the mobile device), adds their credit card or debit card information to the mobile wallet, and when checking out at participating merchants, they can access the mobile wallet and choose their card. For an in-store purchase, a user simply holds the mobile device at the terminal.
Many financial institutions are developing their own branded mobile wallets, and there have been patent infringement and licensing claims.
Issues concerning mobile wallets include fraud monitoring and unauthorized transactions. Other lawsuits have accused technology companies of invading the privacy of users of wallet electronic payment services by sharing personal information with outside developers. There have been claims of breach of user contracts, violation of the Stored Communications Act, and violations of state consumer protection law.
Let ForensisGroup connect you with a mobile wallet expert witness today. Our knowledgeable staff offers free initial consultations and will find the right expert based on your specific requirements.
I have more than 30 years in Telecommunications with expertise as an attorney in the field for over 20 years. I am principal at a practice focused on issues within the industry, such as regulatory interpretation and contract evaluation and negotiation. I also provide consulting services, which has helped numerous businesses create and manage networks for voice and data traffic.