Creating a Cashless Society

Softspace was recently named the 'Best of Malaysian Startup Companies' at the 2013 MSC Malaysia Asia Pacific ICT Alliance Awards. It is a company which offers a mobile payment solution that converts smartphones and tablets into credit-card payment kiosks. Worldwide, the number of mobile-payment users is expected to hit 250 million in 2013, up from 200 million in 2012. But what are the security implications of a cashless society? We find out more with Softspace co-founder Toh Yit Ming and Dean Smith, CEO of Assuring Business and a fraud management specialist.