“Mobile payments” allow consumers to buy products or transfer money with a mobile device. The market includes a range of different technologies, and many ways to fund transactions. The U.S. mobile payments market is still developing, and it remains unclear which trends will prevail. It is too soon to know which consumers will benefit most from the industry’s growth – or, inversely, be most vulnerable to risk. However, policymakers can make a few simple fixes to ensure that mobile payments are safe.