Software Assurance, LLC

Software Assurance, LLC team wishes you a lovely Thanksgiving and a joyous holiday season filled with abundance and bright moments.

Potential Threats: •    Fraudulent Transactions •    Data Theft & Stealing (Credit/Debit Card Data, PIN , User Credentials) •    Infecting Mobile Via Third-Party Apps •    Infecting Mobile through links via Email/SMS, etc. Preventions: •    Make sure your phone is password protected •    Verify and choose secured network in public WiFi network •    Make sure to connect to websites via HTTPS / SSL •    Install Anti-Malware / Security App  •    Try to avoid financial transaction in public WiFi Zone •    Encrypt your devices whenever is possible

Promises:  •    Touch ID (fingerprints) authorized payments •    More Secure with Tokenization: Transactions with Unique 16-digit code generated by Secured Element Chip  •    NFC Payments: More secure than traditional card payment •    Payments are Private: Doesn’t save your transaction details  •    If Phone is Lost/Stolen; Apple Pay can be locked remotely and Transaction can be suspended •    More control of Apple: Hardware, OS and Software all under Apple’s Control •    Support from 220K Merchants and Growing  Challenges: •    Works with iPhone 6 and 6+: Existing Users of older versions are left out •    Slow Adoption of Technology for Consumers and  Merchants •    Many Retailers yet to have Point-of-Sale Systems for NFC Payments

Mobile Payment Apps : - •    The Potential Market for Mobile Payments: Estimated Global Mobile Payment Transaction Volume to be US $721 billion by 2017 •    Launch of Apple Pay App has brought Wider Scope  •    Increasing Trends in Mobile Peer-to-Peer Transactions: Estimated Transaction Volume in USA to be US $86 billion by 2018 •    Facebook to launch Payment App Leveraging Current Mobile Payment Trends •    Challenges to Overcome: Security Concerns , Technology Adoption for Consumers and  Merchants

Promises: ·         Touch ID (fingerprints) authorized payments ·         More Secure with Tokenization: Transactions with Unique 16-digit code generated by Secured Element Chip           NFC Payments: More secure than traditional card payment ·         Payments are Private: Doesn’t save your transaction details ·         If Phone is Lost/Stolen; Apple Pay can be locked remotely and Transaction can be suspended ·         More control of Apple: Hardware, OS and Software all under Apple’s Control ·         Support from 220K Merchants and Growing Challenges: ·         Works with iPhone 6 and 6+: Existing Users of older versions are left out ·    ...