From ATM Marketplace –
“A recent survey conducted by electronic payments software provider Compass Plus has found that consumer trust in newer payment methods has declined significantly in the last year, while cash has continued in first place as the most trusted mode of payment.
The survey of 650 U.K. residents found that 71 percent of respondents believed mobile payments to be the least secure payment method, a Compass Plus news release said. This is nearly twice as many, compared with 38 percent in the 2013 Compass Plus survey.
Contactless payments with contactless cards (47 percent) remained solidly in in second place (42 percent in 2013) on the list of the perceived least secure ways to pay.
For the third consecutive year, cash was seen as the most secure (73 percent), and over the last year, trust in debit and credit card payments on both the high street and over Internet increased by more than 20 percent, in some cases doubling their figures from 2013.”
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