Several electronic and mobile payment options have become available, but most of us in the U.S. are still using plain-vanilla credit and debit cards with magnetic stripes. They use technology that dates to the first Nixon administration. That’s not a problem in itself; I have no problem with time-tested security measures that work effectively. But just look around: Data breaches are everywhere, and those magnetic-stripe cards are often implicated.
Personally, my credit card accounts have been compromised no fewer than three times. Those compromises included fraudulent purchases charged to my account. That experience has made me an early adopter of some of the newer mobile payment options, because I desperately want to use systems that are more secure than the old-fashioned credit cards I keep in my wallet.