Mobile payment

RighTel

Mobile Payment RighTel Co.Presented at IT DepartmentPrepared by: Mahdi KhobrehSummer 2016

RighTelPrepared by: Mahdi Khobreh

Intro

• -Mobile payments will reach 90B USD in 2017

• At 2012 mobile payment was 12.8 B USD• - Apple,Sumsung,PayPal,Google are pioneer

at mobile payment system.


Mobile system PaymentCard holder

merchant

acquirerCard Network

Issuer


Mobile Payment process• Two New Player is added: • MNOs• MPSP


Mobile Payment Systems


Mobile System Payment1) Mobile payment at the POS:

- NFC technology: Google Wallet, Apple Pay

Security is based on Secure Element chip and

Unlocking phone

- Samsung Pay: in addition of NFC, it utilized

by magnetic secure transmission (MST)


Mobile payment systems2) mobile payment as the POS:Merchant use mobile as the POS,Requires: device to swipe the card and an applicationSquare Register: 1- Magnetic cards,2- EMV chip cards,3- NFC payments


Mobile Payment Systems3) Mobile payment platform:

• It provides online services on the device, it

can use as “mobile payment at the POS” as

well.

• It mostly use in online payment such as:

Alipay and Paypal.


Mobile system payments• Independent Mobile Payment System:• It is simlar to “ mobile payment platform” but

it use for a specific company only.like: Amazon or Starbucks

• Wechat red envelop in 2014 become popular and has transformed to a mobile payment platform.


Mobile system Payment• 5) Direct Carrier Billing:- This method allows users to purchase products or services using their mobile.- It does not require credit card.it will charge on mobile billing

monthly.- SMS works here- User enter its mobile no. in website a code will sent to its no. By

entering that code in website purchase will done.- Now a days its popular in Europe & US. Boku works with 250

carriers and works with Facebook, EA, Sony, Spotyfy, lookout and Riot game

- The market of directcarrier billing predicted to be 6B USD by 2017


Mobile Payment security 1) Mobile Payment Security services: Mobile security in mobile payment desired to include:- Authentication- Access control- Confidentially- Integrity - Nonrepudiation- Availability


Mobile payment Security services2) Mobile payment security Mechanism:- Fingerprint- Username/Password- Multi-factor authentication- SSL/TSL- Secure elements


Mobile payment security challenges

- Malware Detection

- Multifactor authentication

- Data breach prevention

- Fraud detection and protection


• Thanks & Regards