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Telesys Voice and Data has been serving the Dallas/Fort Worth area since 1994, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Managed IT Delivers Some Serious Value

Managed IT Delivers Some Serious Value

How does your organization manage its IT? For some businesses, it’s not an easy choice or even a remotely affordable one. Some companies are forced to endure subpar services from break-fix IT providers that don’t necessarily have the tools available to prevent issues from happening. Others try to prevent issues from evolving into major concerns. These others are the organizations that have the right idea behind technology maintenance.


Yet, this preventative maintenance can seem a little intimidating to business owners on a budget. The break/fix method to IT maintenance is designed to provide organizations the service that they need when they are having trouble keeping their technology in proper working order. This could be something as simple as an email access issue, or a major problem like a hardware failure. Regardless of the issue, businesses would pay out massive amounts of funds just to purchase IT support whenever it’s required.

The problem with this approach is that it is rather passive until disaster strikes. Let’s say that your business has a major project to complete or deadline to meet, but you can’t accomplish this due to networking complications or hardware failures. You have to wait for a technician to arrive on-site to address the issue, and during this timeframe, your employees are being paid to sit around and wait for the issue to be resolved--all so they can do their jobs. This is how break-fix IT works. Your organization is basically a time-bomb when your technology isn’t maintained properly. It’s only a matter of time until you experience a crippling issue that completely derails productivity and costs your business an arm and a leg.

A better way to handle business-level IT support is by implementing what are known as managed IT solutions. By working with a managed service provider, your organization can take advantage of services previously anathema to it--namely, preventative solutions that aim to keep issues from happening in the first place. You can get all of the services that your organization has long-desired, but in a more conveniently priced way. You can achieve enterprise-level network security, back up your data with cloud-based data backup and disaster recovery solutions, and remotely apply patches and security updates so that your hardware and software are always in proper working order. All of these solutions require a dedicated IT technician who can properly manage them, and Telesys Voice and Data can provide this expert level of service.

Perhaps the best part of managed IT is that it is much more affordable than traditional break-fix IT services. Since managed IT allows for smaller and more affordable monthly payments, it’s easier to handle than the large up-front expenses accrued by sudden charges made by break-fix IT services. Furthermore, since you won’t have to pay for downtime, you’ll save a considerable amount of capital regardless of which services you implement, as they will be implemented with the intention of keeping issues to a minimum.

Does your organization need help with technology management? If so, Telesys Voice and Data can help. To learn more, reach out to us at (800) 588-4430.

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How Does Your IT Stack Up to These Standards?

How Does Your IT Stack Up to These Standards?

Selecting a managed service provider should be like selecting any employee. You need to make sure that your expectations are going to be fulfilled, and that your selection will be there when you need them to be. However, the criteria you examine your potential IT service provider by should be a little different than how you evaluate your other prospective team members.

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Tip of the Week: Excel-lent Keyboard Shortcuts

Tip of the Week: Excel-lent Keyboard Shortcuts

How well do you know Microsoft Excel, the premier spreadsheet building software? Depending on your proficiency with it, you may already be familiar with some of the various keyboard shortcuts associated with it. We’ll list off some of the most commonly used keyboard shortcuts, as well as what you can do to become a Microsoft Excel power user.

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Small Businesses Face Challenges in 2018

Small Businesses Face Challenges in 2018

The modern small business will face several challenges in 2018. The world is changing, and with it, so is business. For many small businesses, this can either be looked on as the opportunity they’ve been waiting for, or, it can be viewed as the beginning of the end. No matter what situations you are faced with this year, understanding what problems your business faces, and how to solve them is imperative to your small business’ success.


In the technology world, 2018 will be more about utilizing innovations to the technologies that are already available rather than deploying newfangled technologies, as many small businesses focus on revenue generation rather than simply cutting their technology costs. Chances are your organization already takes advantage of many of today’s most cost-prohibitive technology trends. Whether or not you are using them properly will ultimately be the difference in meeting your yearly projections. We take a look at some of the most compelling variables a small business owner needs to consider in order to take their business in the right direction.

Running a Smarter Business
While 2017 was a good year for the small business, many smaller organizations fall into the trap of not focusing on revenue generation; setting their sights on sustainability rather than success. If your business has been around the block a bit, you may be comfortable with the “business as usual” approach. You may be surprised to know that by changing the way you approach certain core strategies, you can initiate greater revenue generation and stop focusing so much of your time and effort on practices that aren’t effective and just hold your business back.

Cost cutting initiatives have been all the rage for the past several years. Many businesses utilize outsourced services such as cloud computing, print services, and staffing agencies to reduce their capital expenses. This strategy is sound--it provides an organization with more upfront capital--allowing for more a targeted approach at projects that can spur on revenue generation. The issue is that by not making ANY true capital investments, you are likely paying more.

One way to improve your business’ position is to consider the value you get from recurring services. A service like the one Telesys Voice and Data provides, where you can see an immediate return on your recurring investment, is valuable, and rare. There are some services, however, that don’t provide a rapid or sustainable return, and by paying more up front, you could actually mitigate cost that adds up over time. Paying for software you barely use per month may seem affordable if you look at the operational cost, but in true capital, renewing a yearly license for a single copy of the software may actually save you money.

As far as the revenue generation problem goes, there are two solutions that are available to every business that, once implemented, are likely to provide a solid ROI. The first is analysis. Your company generates a lot of data, and much of that data is relevant in the context of making better business decisions. Business intelligence, that is the structured analysis of warehoused data, can provide some very useful answers. Consider that your operational data, data about staff effectiveness, data about your marketing and advertising initiatives all hold in them a small piece of truth about the way your business operates. By gaining a more comprehensive understanding of how your business functions, you can make better strategic and operational decisions.

At Telesys Voice and Data, we are just starting to understand how to help our clients run smarter businesses. Since profit margins and returns on many goods have shrunk significantly over the years, businesses have looked to services to fill in the gaps when they don’t have the capital to undertake major investments for staff, technology, or otherwise. Today we can set up a data warehouse to store all the relevant data so that you can use automated analytic software to crawl the data to get the truth about how your business functions, and what to do to boost revenue generation.

The second is sometimes looked on as an antiquated strategy; but, in the information age it remains as true today as ever. Invest in your people. It’s simple, the better your people enjoy working for you--the more they see your sacrifice and hard work--the more they have reason to be proud to have their job with your organization--the better your company will function. While we push automation every day to help you get more out of your company, you won’t get anything out of it if you view your employees as a hindrance. Think about it this way, your people are your biggest expense, and as a result, should be your biggest priority.

With the technology that is coming, this tried-and-true method of running a smarter business is going to be tested. Many larger enterprises have begun utilizing automation, machine learning, and artificial intelligence in an effort to provide higher returns for their investors. It’s only a matter of time before small businesses around the world will be using the same technologies to try to turn a penny into a nickel. While there are some jobs that can be eliminated with these technologies, there will be different jobs created through the use of them. With automation beginning to redefine the job market, independent workers will be in demand to fill in the gaps. So, while these jobs have less definition, the need for hungry, happy workers will be there for as long as goods and services are produced.

To get your staff working the way you need them to work, you have to invest in them. Here are three ways you can run a smarter business by getting more from your staff:

  1. Improve retention - Onboarding new workers is expensive and time-consuming. It puts a strain on almost every part of your business. Small businesses often can’t pay their workers the same rate that a major corporation might, but they can provide them with more value. By investing in training/professional development, benefits, and other courtesies, people will want to work for you and won’t be continuously looking for a way out.
  2. Improve morale - If your workers are stressed out, you can see it immediately. How do your workers interact? Is there a buzz in your place of business, or is it silent? A silent workplace is great if you run a public library, but if you run an office the lack of noise is deafening, and a telling symptom of people just waiting to punch out for the day. Most people may work for the paycheck, but if they are working for the weekend, you need to make an effort to boost morale.
  3. Two-way Loyalty - Many small business owners demand loyalty out of their people, but refuse to reciprocate. There is nothing that will make a worker throw in the towel faster than a lack of loyalty. Very few people prosper in an unsupportive environment. To keep your workers in a productive mindset, make them realize that you are working together for a common goal, not just working for you.

Getting smarter about the way you do business doesn’t start with technology, and doesn’t start with capital, it starts with a dedication to do the right thing for your clients, for your staff, and for the myriad of other people that depend on your business. If you handle your staff in the right way, it will provide you with the largest ROI of any investment you can make this year, and any year.

Learn Where You Can Compete and Where You Can’t
Many of today’s small business owners look at their more-successful competition and try to emulate the practices that have made them a success. The fundamental problem with this strategy would be that you are in competition with these companies for revenue, and by doing things the same way as they do it doesn’t set your business apart from them. That being said, there is are reasons that the company you are setting out to emulate is having success. By copying your competitors’ best features, you could create some space in even the most saturated market. Whether they boast superior brand recognition, have superior customer service, are superior at fulfillment, etc. you have to know your place in your market. In fact, many experts consider the act of finding your niche inside of your target market to be one of the largest differentiators to achieving success for a small business.

Consider your smartphone for a minute. You decide to start a company to make smartphones. Chances are you aren’t going to compete with the Apples, Nokias, and Samsungs of the world. So, while it stands to reason that you may want to abandon your plan altogether, you start looking at the data and there are no phones made specifically for doctors. If you deliver on your promises and create a device that works for the needs of doctors, there is a chance that you can compete within that niche market, while not really competing at all in the larger market at all.

Anything you can do to deliver your goods and services to the most people should be the aim, but be cognizant that by setting your sights too high, you may just be putting your company in a perilous predicament. You need top tier customer service, a trustworthy product that you stand behind, and a plan on how to get your product to your consumers if you are going to compete in any market. Find your differentiator and exploit it.

2018 is another year where technology will be in the mind’s eye of every business owner, but to find success by using technology, you have to apply it in the right way. For more information about business technology, how to stretch your IT budget properly, or any other technology related subject, call the IT professionals at Telesys Voice and Data today at (800) 588-4430.

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Unpaid Invoices are a Major Problem For SMBs

Unpaid Invoices are a Major Problem For SMBs

While many different people open businesses, the primary reason that they all do so is to make money. A positive cash flow is essential if the business is to generate funds that support a cause or provide a decent living. However, to collect this cash flow, a business must have their invoices returned. As it happens, this doesn’t often occur in a timely manner.

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How Technology Allows Fake News to Spread

How Technology Allows Fake News to Spread

In today’s political, social, and economic environment, information is more valuable than ever. However, this increased importance, paired with the speed that data can be dispersed via the Internet, has enabled many to use false information to manipulate the general public into agreeing with their views and acting upon them.

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Getting Back to Basics with Data Backup

Getting Back to Basics with Data Backup

It’s no industry secret that one of the most important pieces of IT any business should have is a data backup solution. However, this is like saying that every business should have a plant: the type of plant, and (by extension) the type of data backup, matters. You want a data backup that is more like a peace lily or a cactus, hardy and resilient, and less like a basil plant or orchid, high-maintenance and requiring very specific conditions to prosper.

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Battle of the Benefits: Break-Fix vs Managed IT

Battle of the Benefits: Break-Fix vs Managed IT

As a managed service provider, we’re naturally going to be a little biased when comparing the positives and negatives between an in-house IT team and an outsourced approach. However, each has its benefits in the right situations, and each can have its downsides. Today, we’ll discuss each to establish which is the better choice for your situation.

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Is Your Security Prepared to Stop a DDoS Attack?

Is Your Security Prepared to Stop a DDoS Attack?

If your business were to be struck by a Distributed Denial of Services (DDoS) attack, would it be able to recover in a timely manner? Do you have measures put into place to keep them from hampering your operations? While most organizations claim to have sufficient protection against these dangerous attacks, over half of them have simply proven to be ineffective against DDoS.

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Tip of the week: Here Are Four Tools to Secure Your Business

Tip of the week: Here Are Four Tools to Secure Your Business

Business security is a common issue for many small organizations with limited budgets, but it doesn’t have to be an issue. We’re here to help you master the seemingly endless threats and security problems that major vulnerabilities present to the small business environment, and it all starts out by understanding how even basic security solutions protect your organization.

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Small Businesses Face Challenges in 2018

Small Businesses Face Challenges in 2018

All businesses require at least some type of software in order to perform as expected. It’s how organizations acquire this software that has a considerable impact on cost. For some, software can be a budget-breaking nightmare, but others have found a much more convenient way of acquiring this software: as a service.


Software as a Service is a method of software distribution designed to help your business acquire the applications it needs without suffering from the large upfront costs that software acquisition typically carries with it. Do you remember purchasing software licenses for each and every user on your network? This can get somewhat challenging to maintain, as these licenses need to be renewed frequently, and if they are not, your organization could be put at substantial risk.

Businesses can instead use software as a service offerings to purchase access to cloud-based applications and storage. Basically, you pay for access to the software and reap all of the benefits of actually owning it--plus some additional ones--by leveraging cloud computing.

More Cost-Effective
Think about how much it costs to purchase software for your organization. The same services that are necessary for operations, could be a major detriment to turning a profit. With the use of an application hosted in the cloud, you can cut the cost of ownership and transfer the once recurring capital expense into a manageable operating expense.

Up-to-Date Editions
When you purchase software as a service applications, you always access the most recent version of it through an online interface. This means that you’ll never have to worry about updating the apps with patches or security updates, as they will be taken care of by the service provider.

More Flexibility
Purchasing new software licenses can be troublesome, especially when you’re a small business that’s experiencing growing pains. You can add new users easily enough just by creating accounts for them--no additional purchases necessary. Changes in your service plan are generally added on your next billing cycle. This provides the scalability every growing business needs.

Does your business want to use software as a service? Telesys Voice and Data can help. To learn more, reach out to us at (800) 588-4430.

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Three Predictions for Technology in 2018

Three Predictions for Technology in 2018

With 2017 on its way out, there are many great technology solutions that businesses can take advantage of. Some of the most notable topics in business technology in recent years include business intelligence, artificial intelligence applications, and machine learning. What are some of the most important technologies that you’ll want to keep in mind for the 2018 business year?

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Outsourced Project Management: A Good Option for Small Businesses

Outsourced Project Management: A Good Option for Small Businesses

IT maintenance is something of a sensitive topic for some organizations. While most understand that it needs to be done, they often don’t have the resources to make it happen, either due to a limited budget or timeframe. How does your business handle IT maintenance? If your organization is having troubles managing its annual technology budget, or if you are consistently experiencing profit-sapping downtime, consider managed IT services the answer to your problems.


Simply put, the traditional method of technology maintenance doesn’t work well anymore. The break-fix method to technology management is generally how small businesses have run their organizations for quite some time. Break-fix relies on your business reaching out to a maintenance provider only when your systems are malfunctioning, causing downtime and inefficiency that is sure to show up on your organization’s bottom line.

Without a reliable way to guarantee that the downtime-causing issue won’t happen again, the break-fix method is like slapping a Band-Aid on a wound and hoping that it won’t reopen. Managed IT, on the other hand, is designed to address problems before they happen by taking preventative measures.

Managed IT accomplishes this goal by providing you with comprehensive access to technicians who you can proactively monitor and fix any technology problem you may have with your network or infrastructure. For businesses that lack an internal IT department, managed IT can fill the void you have in technology administration quite nicely. Furthermore, managed IT can provide value even for organizations that have dedicated internal IT staff.

More often than not, a small business will have, at most, an internal team consisting of only a handful of technicians who, more than likely, have a lot on their plate. By supplementing their skills with a managed IT service provider, you’re giving them more time to focus on the quality of their work, as well as assisting your in-house team with any technology problems they might have. It also allows your organization to add profitable IT projects to its roadmap, which provides for higher degrees of productivity and a rapid ROI.

Basically, managed IT does whatever needs to be done for your business’ technology, be it acting as a supplementary force to support your current technicians, or taking on the full responsibility of managing and maintaining your organization's current IT infrastructure.

One of the most important factors of managed IT services is how much more affordable it is. This is explained primarily by how you prevent issues from happening in the first place. Plus, by keeping issues from evolving into bigger problems, you can spend less on your technology support.

Could your business use help with your IT solutions? Reach out to Telesys Voice and Data at (800) 588-4430.

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4 Ways a Managed Service Provider Can Help Your Business

4 Ways a Managed Service Provider Can Help Your Business

How much does your business rely on technology to keep your organization running forward? As business technology becomes more complex, it’s becoming increasingly popular for organizations to have their own internal IT departments to manage and maintain it. Yet, small businesses don’t often have the necessary funds for such a feat. How can your company afford quality IT service? You can start by pursuing managed IT solutions from a managed service provider.


Unlike break-fix IT solutions, which depend on your technology breaking down, managed IT solutions aim to keep your technology in proper working order, as well as take action to proactively treat issues before they become long-term problems. Here are some of the best ways that managed IT can help your organization take better advantage of its technology.

Guaranteeing Flexibility
Let’s say that you choose to hire more employees for a specific department of your business. This means that you have more users, which can lead to more software licenses needed, more email accounts to archive, more endpoints to secure, and much more. Basically, as your workforce needs change, so too must your managed IT service agreement. Telesys Voice and Data offers scalable solutions that can be customized to fit the needs of your business.

Supplementing In-House Maintenance
Let’s say that you do have an in-house technician or a small group of workers dedicated to IT maintenance. They might be able to get most of their work done, but generally speaking, your in-house technicians probably have their hands full. They might have their hands full with acting as help desk support, or they might be too busy maintaining the status quo to help the everyday worker with their technology. A managed IT provider helps to augment and work beside your in-house team to create greater success for your organization as a whole.

Working with Your Vendors
You work with a lot of vendors to give your company the access to the products your organization needs to be successful. This includes hardware vendors for your workstations and server units, software developers for all of your productivity suite needs, and any other service providers that you have. Reaching out to all of these can be time-consuming, which is why managed service providers like Telesys Voice and Data offer vendor management services to create a single point of contact to keep your attention on your business and not your vendors.

Improving Operational Efficiency
Your business will generally function better by working with a managed service provider. The reason for this is simple: hands-off IT maintenance that takes up little, if any, of your time. Telesys Voice and Data can remotely monitor and maintain your business’ technology infrastructure to provide as much of a hands-off approach to IT maintenance as you can get. To learn more about what Telesys Voice and Data can do for your business, reach out to us at (800) 588-4430.

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Your Business Can Take Advantage of Black Friday Deals, Too

Your Business Can Take Advantage of Black Friday Deals, Too

Black Friday: it’s the name given to the unofficial first day of the holiday shopping season, and is associated with the generally unparalleled deals on consumer products. Many consumers use this day’s incredible deals to justify spending their day buying (and often fighting over) a limited amount of goods. However, have you ever considered that Black Friday can also be a good day to both advance your B2B operations and take advantage of some deals yourself?

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Have Any of These New Phones Made It on to Your Wish List?

Have Any of These New Phones Made It on to Your Wish List?

The new smartphone models are here. This year there are plenty for consumers to get excited about in the smartphone space. The return of the Galaxy Note, the evolution of the Galaxy s8, a premium iPhone, and the return of two of the industry's heavy hitters highlight this year’s best smartphones.

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Everything You Need to Know About Data Backup

Everything You Need to Know About Data Backup

In terms of identity theft, data loss and good ol’ fashioned pickpocketing, the holiday season is one of the riskiest times to travel. When it comes to protecting your personal information, thieves and cybercriminals are counting on you to be distracted and make careless mistakes. In 2016, the number of fraud attempts went up by 31% during the holiday season. In addition, credit cards, mobile devices, and open Wi-Fi are common targets throughout the holidays.


Here are a few tips that can help keep you and your family safe from hackers and thieves.

  • Hide the Goods - Pickpocketing is an old-world method of theft that is still extremely effective - especially in a hectic environment like an airport during the month of December. A favorite target of pickpockets are smartphones. Travelers should avoid storing any personal belongings, including smartphones, in places that are easily accessible.
  • Bring Only Necessities - Between work and personal uses, most adults have at least three mobile devices. In general, bringing all of them with you while traveling isn’t necessary. The more devices along for the trip, the more targets there are for criminals. Travelers are encouraged to bring only the technology they need.
  • Free Wi-Fi is Not Free - To conserve mobile data usage, many people are tempted to hop onto Wi-Fi whenever possible without fully comprehending the risks. Some open Wi-Fi access points are easily hacked and you’ll likely have no idea what kind of security the connection will have. It might be a bit costly but using your data instead of open Wi-Fi may save you from having to deal with identity theft in the future.
  • Patch It - It’s always a good idea to keep your technology up-to-date with security patches and bug fixes. Many of the large ransomware attacks that made headlines earlier this year could have been avoided by security patches. When traveling, reduce vulnerabilities by patching and updating your software before you leave for your trip.
  • Go Phishing - During the holiday, phishing scam emails emulate holiday-centric messages. Scams will often appear to be from legitimate establishments like FedEx or Amazon. They will often ask for account or password information - or offer exclusive coupons that need to be downloaded to use. Remember: if it sounds too good to be true, it probably is. Avoid downloading any attachments and never give out your password or account information.
  • Skimming a Bit Off the Top - For those of you who aren’t familiar with card skimmers, the premise behind this type of theft is to copy your credit or debit card information by disguising a scanning device on a legitimate source, like a gas pump or ATM. The scammers are then free to use or sell that information. Skimmers are easily overlooked and protecting your information requires constant vigilance. Whenever you’re using a credit card during your holiday travels, look closely at any device that you are going to be swiping your cards on.
    *Note: You can access an application designed to help you identify skimmers with your Android device here: https://play.google.com/store/apps/details?id=skimmerscammer.skimmerscammer 
  • Social Media for Burglars - For many, social media is about sharing their good times and memories with friends and family. For thieves, it’s a road map to determine when a home is going to be vacant because their owners are traveling and how long they’re going to be gone for. To eliminate a breaking and entering from your holiday season, avoid posting specifics of your trip information on social media.

Approximately 100 million Americans are going to be traveling this holiday season - meaning that there is no shortage of potential victims. By following these tips, you are taking a proactive approach to keeping your identity and finances safe.

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Why Aren’t Users Buying More Tablets?

Why Aren’t Users Buying More Tablets?

When tablets first hit the market, the general prediction was that they would eventually replace PCs as the de facto device for computing, However, based on their steadily declining sales, this prediction seems to be a little off base--but, why? A closer examination provides some insight into why tablet sales have dipped.

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Your Mouse Can Do More Than You Think

Your Mouse Can Do More Than You Think

You’ve used a mouse for years, but do you know of all the neat little tricks that it’s capable of? We’ll show you just how much you can get done with your mouse.

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VoIP Gets You Where You Need to Go

VoIP Gets You Where You Need to Go

Digital payment options have become commonplace in today’s society. In fact, ever since people could purchase goods and services off of the Internet, some of the world’s most successful companies are a result of digital payment. It was a natural progression then, as the mobile device boom came, that mobile payment would take the place of cash and/or cards and bring these digital payment options beyond the Internet, and into our retail stores. This simply hasn’t happened and here are four reasons why.


The Tried and True Payment Still Works
The first reason is simple. Retailers still accept cash and credit cards. Why would anyone who has been using these tried and true methods of payment for 20-plus years change things up? According to First Annapolis Consulting’s “Study of Mobile Banking & Payments”, while 64 percent of all smartphone users have used some form of mobile payment platform, only five percent consider themselves frequent payment users. The fact is that it’s not as attractive as you may think, and is further relegated to the background because...

There is a Lack of Incentive
What added value does a mobile payment service actually offer? Sure, in some states that have gone to a digital ID system, this would seemingly allow consumers to forgo the wallet completely. That’s it. Most mobile payment interfaces make it difficult for users to redeem loyalty points or take advantage of special offers at mobile point of sale machines.

There are companies, such as Starbucks, that have made a point to integrate their loyalty points system into their mobile payment platform. Their mobile app combines the loyalty point program with mobile payment options, which is great for consumers. But like the consumers themselves, if a company doesn’t see an immediate (or even long-term) demand, they will avoid laying out the capital until that demand is present.

In order for mobile users to take full advantage of the mobile payment platforms, you will need to give them some form of incentive to use it. This is mainly since...

Mobile Payment Actually Takes More Effort
One of the claims that mobile payment providers make is that it is much easier to use than any other type of payment. Just tap and go. While this seems reasonable on the surface, the reality of it is that it takes just as long or longer to access your mobile payment platform through your smartphone as it does to take cash or a card out of a wallet. Consider for a minute the steps you have to take in order to make mobile payment work: You have to take your phone out, unlock it, access the mobile wallet app, select which card you want to use, and then hold your phone to the terminal. After this they still need to either sign the screen/paper or provide a pin. Why take so much effort to make purchases when it takes less time to buy goods in a traditional way; and, still have to deal with…

Mobile Payment Security Concerns
To be fair, mobile payments may be as secure as any other form of digital payment, but there is an inherent fear in many consumers’ minds that because there is an all-digital transmission of financial information that it is somehow less secure than traditional digital payment options. This fear isn’t unfounded, as each day people can read about data breaches at banks, stores, and major online retailers, that only work to fuel the anxiety surrounding mobile payments.

Many cyber security experts have cautiously endorsed the use of secure payment apps, while others point to studies like the 2015 Mobile Payment Security Study that overwhelmingly urges a wait-and-see approach, but does admit that the industry is making headway in the security of mobile financial transactions with the inclusion of account tokenization, device-specific cryptograms, and multi-factor authentication.

In the future, mobile devices will become the only computer we’ll need, but will they become the only wallet we’ll need? Only time will tell.

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