Barcodes are used for two purposes: generating communication for payment and loading prepaid gift cards into wallet.
Build and maintain a secure networkMaintain vulnerability management programImplement strong access control measuresProtect cardholder dataRegularly test and monitor networksMaintain an InfoSec policy
The way consumers are shopping is changing. The adoption of smart phones are allowing consumers to control how, when, and where they shop. Consumers have more leverage.
The Mobile Payments Revolution
Pragati Ogal Rai
Chief Technology Evangelist, PayPal
Technology + People = Technology Engagement
14+ development experience
Author of “Android Application Security Essentials”
Mobile & security expert
Mobile Developer Relations, North America
Founded in 1998, PayPal allows payments and money
transfers through the Internet
PayPal processed $14 billion in mobile payment volume in 2012 – more
than 3 times the mobile payment volume of $4 billion it processed in 2011.
In 2012, eBay generated $13 billion through mobile devices, an overall
increase of 120% from 2011. eBay expects to transact $20 billion in 2013.
On Black Friday and Cyber Monday mobile commerce volume via eBay mobile in the U.S. more
than doubled in 2012 compared to 2011. http://www.digitaltrends.com/
M-payments is a Global Phenomenon
In Q4 2012, 60% of eBay’s mobile purchases came from outside the U.S
PayPal’s international business accounted for more than half of total revenue in 2012
Six Trends Shaping Consumer Behavior
Consumer Behavior is Changing Commerce
Mobile shopping lists
Mobile Payments Ecosystem
What are Mobile Payments?
• Consumer uses a mobile device
• Merchant uses a mobile device
• Both consumer & merchant use a mobile device
How do you define mobile payments?
Remote Mobile Payments
• Send and request money
• SMS based payments
• Mobile banking
• Application/ Browser based payments
• Carrier Billing
Proximity Mobile Payments
• Barcode Scanning
• Point of Sale
Your Definition of Mobile Payments
What does a Merchant want?
• Quick, easy, hassle free
• Security compliance
• Fraud prevention systems
• Current and up to date system
What does a Consumer want?
• Choice of payment providers
PCI Standard Council
• Independent organization
• Develop common set of payment standards
– PCI-DSS v2.0
Innovation in Hardware Space
TrustZone: Trusted Execution Environment
• Two domains: Normal & Secure
• Implemented as SoC
• Security extensions to processor
• Trusted OS
Mobile brings New Use Cases
Global Social Commerce
Changing Form of Payments
• Money becomes more abstract
• Digital goods
• Anonymous payments: Bitcoin
Less cash society Cashless society
"We expect global mobile transaction volume and value to average 42
percent annual growth between 2011 and 2016, and we are forecasting
a market worth $617 billion with 448 million users by 2016,"
Sandy Shen, research director at Gartner, May 2012
• Mobile payments is a global phenomenon
• Define what mobile means to your business
• Think beyond the hype
• Security, trust, and safety is of paramount importance