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This UL white paper discusses some of the many issues and challenges that must be addressed in the future deployment of wireless technology for the processing
of secure transactions. It begins with a discussion of the strengths and limitations of both contactless and wireless technologies. The white paper then reviews and assesses internal system risks, as well as external security concerns, for both technologies. The paper concludes with some thoughts on the future use of wireless technology in secure transactions, and how manufacturers can provide assurances to both system providers and users regarding the security of their private data.