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Privacy & Data

Fear and Loathing with the Digital Wallet

NEW YORK (MainStreet) —Perhaps the epitaph can wait for the old, plastic credit card.

While digital wallet app use is growing, it is doing so slowly. To make matters worse, some are warning the new way to pay leaves many risks.

“I think there are definitely privacy and security concerns,” said Justin Brookman, director of the Privacy Project at the non-profit Center for Democracy & Technology. “These types of transactions allow for a lot more data to be transferred than the traditional credit card transaction.”

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