
We've noted how AT&T, Verizon, Sprint and T-Mobile all are incredibly interested in having your smartphone ultimately replace your wallet, and are busily working on new services (like Isis) to make this happen. There's obviously already privacy and security concerns from consumers who don't really trust these companies with the personal data they already have -- and now the Consumer's Union has issued a report noting that most of these services lack the fraud protection you'll find with your existing debit and credit services when your phone is lost or stolen. The group is urging carriers to adopt consumer protections that mirror regulations issued by the state's Public Utilities Commission (PUC).
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