Thursday, 27 November 2014

Happy Thanksgiving!


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

Tuesday, 11 November 2014

Ram Garg talks about Mobile Payment Security Threats and Preventions at ESPN 93.5


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

Ram Garg talks about Apple Pay - Promises and Challenges at KXLY



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

Ram Garg talks about Mobile Payment Apps at KCBS



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

Ram Garg talks about Apple Pay-Promises & Challenges at Doug Stephen Show



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