Software Assurance, LLC

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

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