The Mobile Wallets 101 white paper introduces retailers and restaurants to proximity/point-of-sale mobile wallets, covering how they work, benefits, adoption, and security. Mobile wallets can be retailer apps, FI-issued apps, or third-party platforms like Apple Pay, Google Pay, and Samsung Pay. Adoption has been slow due to security concerns and limited merchant acceptance, though features like offers and loyalty rewards drive consumer interest. Security technologies include tokenization, P2PE, and device identification. Profiles highlight providers such as Apple, Google, Samsung, PayPal, and LevelUp, showing rapid innovation and ecosystem expansion.

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