zipp transfer
DESCRIPTION
Mobile Signature (WPKI) techology is just an enabler. It\'s up to 3rd parties and MNOs to build services on top pf it. Here is a suggestion on how to make WPKI work for P2P and similar services.TRANSCRIPT
Mobile Payment with Mobile Signature
Idea
• Use of m-signature for payment & P2P money transfer• Zero risk & maximum security• MSISDN matched to debit account & credit card• Everybody with a mobil ecan receive money• Only subscribers with m-signature can make payments• Operator has limited responsinility:
– stores only MSISDN, bank name for credit card & IBAN for debit account
• Business Model: Transcation Value
P2P Transfer
SMS Message:
5322563692 10
SMS sent.To: 3333 To transfer €10 tıo 5322563692 please sign…
Transfer to 5322563692 at the amount of $10 is successful.
• Fast & easy way to transfer• Multiple transfer methods: SMS, WAP & App• No need to know bank account• With m-signature non-repduable
PaymentGateway
MSISDN P2P PAYMENT5332545657 IBAN1 BANK15324589896 IBAN2 BANK25362104589 IBAN3 BANK1
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M-Signature Platform
P2P Transfer
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Bank1Payment Client
Bank 2Payment Client
User1
User2
Payment
• Match credit card info with MSISDN
• Credit card data only stored at the participating bank
• Merchant, operator and no other 3rd party has credit card data
• User selects pay with mobile at the end of the purchase
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• Types in MSISDN (mobile no) or OpenID nick that is matched at MNO database
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Sign payment with mobile
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Mr. Mehmet TuranPlease sign for payment from your registered credit card for a payment of €100 to Biletix.
Finger print: 42A5 6B0F 5998 0167 94D7 9B83 5C83 8002
Signs the transaction. Sign order goes to the bank who in return charges the amount to the registered credit card. Advantages:• Credit card data is not shared with any website• Non-repudiation with m-signature
MNOPayment Gateway
MSISDN P2P PAYMENT5332545657 IBAN1 BANK15324589896 IBAN2 BANK25362104589 IBAN3 BANK1
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MSSP
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Bank1ZIPP Ödeme
User1
Why?
• No risky financial data stored outside of the bank
• MNO, merchants & 3rd parties do not see credit card data
• All parties in the picture: MNO & Banks• Open System
10
Thanks