In the mobile banking industry, technology is continuously advancing to include syncing your mobile devices with mobile payment systems such as PayPal, Square and numerous other point-of-sale systems applications that are attached to your banking accounts. Adopting this Technological Format is a convenience to most but does not come without risks. There are major issues and concerns with these systems. Answer the following questions in details:

• What are the advantages and disadvantages of using these point-of-sale systems through mobile banking for both the consumers and organizations?
• What strategies can these mobile payment systems adopt to ensure Technical Standards are in place to protect the consumers and organizations?