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Zipp Transfer

Date post: 26-Jun-2015
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Author: mehmet-turan
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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.
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Mobile Payment with Mobile Signature
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  • 1. Mobile Paymentwith Mobile Signature

2. Idea
Use of m-signatureforpayment & P2P money transfer
Zero risk & maximum security
MSISDN matchedtodebitaccount & creditcard
Everybodywith a mobil ecanreceivemoney
Onlysubscriberswith m-signature can makepayments
Operator has limitedresponsinility:
storesonly MSISDN, bank name forcreditcard & IBAN fordebitaccount
Business Model: TranscationValue
3. SMS sent.
SMS Message:
To:
P2P Transfer
Transfer to 5322563692 at theamount of $10 is successful.
3333
To transfer 10 to5322563692 pleasesign
5322563692 10

  • Fast & easywayto transfer 4. Multiple transfer methods: SMS, WAP & App 5. No needtoknow bank account 6. With m-signaturenon-repduable

Bank1
PaymentClient
P2P Transfer
User1
5
6
Bank 2
PaymentClient
1
2
3
Payment
Gateway
7
4
8
M-Signature Platform
User2
7. Payment
Matchcreditcardinfowith MSISDN
Creditcard data onlystored at theparticipating bank
Merchant, operator and no other 3rd party has creditcard data
8. Userselects pay with mobile at theend of thepurchase
6
9. Types in MSISDN (mobile no) orOpenIDnickthat is matched at MNO database
7
10. Mr. Mehmet Turan
Pleasesignforpaymentfromyourregisteredcreditcardfor a payment of 100 toBiletix.
Finger print:
42A5 6B0F 5998 0167 94D7 9B83 5C83 8002
Signpaymentwith mobile
Signsthetransaction. Signordergoestothe bank who in returnchargestheamounttotheregisteredcreditcard.
Advantages:

  • Creditcard data is not sharedwithanywebsite 11. Non-repudiationwith m-signature

8
12. Bank1
ZIPP deme
User1
6
3
7
1
4
MNO
PaymentGateway
2
5
8
MSSP
13. Why?
No riskyfinancial data storedoutside of the bank
MNO, merchants & 3rd parties do not seecreditcard data
Allparties in thepicture: MNO & Banks
OpenSystem
10
14. Thanks


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