You can now speed through store checkout lanes just by waving your smartphone. New mobile payment systems purport to be fast, convenient and secure. Well, maybe not that last part. In the podcast below, Bob Benjy, an attorney with Frandzel Robins Bloom & Csato, who works with financial institutions, says mobile payment systems such as Apple Pay, Google Wallet and CurrentC may present potentially serious security loopholes.

Meanwhile, the IP & Science business of Thomson Reuters has just issued a patent analysis examining all facets of smartphone security and finds that smartphone manufacturers are dramatically stepping up their global patent filings related to protecting the privacy of cellular callers.