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Emerging technologies in payment industry
Erfan MORADIAN
November 15, 2015
Course Objectives
At the end of this course, you will know:
Different types of smart cards
What are differences between MI...
Agenda - Part 1
Ubiquitous Commerce
Barcode Technology
RFID Technology
Magnetic Stripe Cards
Smart Cards
How to secure CNP...
Agenda - Part 2
Near Field Communication
BLE and its differences with NFC
Near Sound Data Transfer
Magnetic Secure Transmi...
Ubiquitous Commerce
Computing waves
Mainframe Computers
Personal Computers
Networked Computing
Ubiquitous Computing
Ubiquitous Computing
Pervasive Computing
Ambient Intelligence
Calm technology
Many-to-many relationships
Connected smart p...
Ubiquitous Computing
Paradigm shift
Technology becomes
virtually invisible in our lives
Things that think
U-Commerce
E-Commerce
M-Commerce
V-Commerce
T-Commerce
W-Commerce
S-Commerce
Major
features
Ubiquitous
UniversalUnison
Uniqueness
Barcode Technology
Visual representation of an object’s
data
1D Barcodes (Linear)
	 UPC (Universal Product Code) 
	 EAN13 ...
1D Barcodes - Symbologies
Character set:
Numeric
Alpha-Numeric
Full ASCII
Discrete/Continous
TWO-WIDTH/MULTIPLE-
WIDTH
SEL...
1D Barcodes - Types (Ex.)
Code 25, Interleaved 2 of 5
Wholesale, libraries International standard ISO/IEC
16390
EAN-13, In...
1D Barcodes - Types (Ex.)
Code 128
Various – International Standard ISO/IEC 15417
Intelligent Mail barcode
United States P...
2D Barcodes
Aztec Code
ShotCode
MaxiCode Data Matrix
Han Xin Barcode QR Code
1. Quiet zone
2. Finder patterns
3. Alignment pattern
4. Timing pattern
5. Version information
6. Data cells
QR Codes’ ana...
Advantages
More information
Fewer errors
Easier to read
Easy to transmit
More secure
Customizable
Smart Sunny Sale Campaign
Barcode Generator Sites
http://www.waspbarcode.com/
barcode-maker
http://keremerkan.net/qr-code-
and-2d-code-generator/
ht...
QR Codes in payment applications
1. Barcodes with payment
card information via mobile
apps
2. Mobile as barcode readers
fo...
HOW DOES A QR CODE PAYMENT WORK?
INDIVIDUAL-TO-LARGE
BUSINESS
TRANSACTIONS
INDIVIDUAL-TO-SMALL
BUSINESS
TRANSACTIONS
INDIV...
PayConnect Demo
RFID Technology
Radio Frequency
Identification
Communication via
radio waves
Being used in different
industries
RFID Technology
RFID Tag
RFID
Reader
RFID read distance
Read Distance
Active/
Passive
Antenna
Design
Radio
Frequency
Up to 300 meters!
RFID Tag types
Passive
Without internal power
supply
Active
With internal power
supply
RFID Tag types
2.4-6	GHz
(Typically	
2.45	or	5.8	
GHz)
Microwave
400-1000	
MHz
(Typically	
850-950	
MHz)
Ultra-High	
Frequ...
Magnetic Stripe Cards
Magstripe Cards/Swipe
Cards
Two types:
High Coercivity (HiCo)
Nearly black
Low Coercivity (LoCo)
Lig...
Magstripe card standards
ISO Number Description of Standard
7810 Physical Characterisitics of Credit Card Size Document
78...
Magstripe Tracks
Track
Number
Recording
Density
(bits per
inch)
Character
Configuration
(including parity bit)
Information ...
Caja Madrid VISA-Example
Smart Cards
A card that includes an
embedded integrated circuit chip
(ICC)
With or without contact
(contactless)
Store inf...
Smart Card types
Smart Card function Trade-Offs
Smart Card Standards
ISO/IEC
7816
14443
15693
Java Card & MULTOS
GlobalPlatform
GSM
EMV
Common Criteria
FIPS
MIFARE family
NXP Semiconductors-
owned trademark of
contactless smart cards
ISO/IEC 14443 Type A
13.56 MHz
MIFARE family
MIFARE Classic
MIFARE Ultralight
MIFARE Ultralight C
MIFARE DESFire EV1
MIFARE DESFire EV2
MIFARE Plus
Hybrid Cards
Two chips: contact and
contactless interface
Two chips are not
connected
Dual Interface Cards
Single chip with a
contact and contactless
interface
Can access the same
chip via a contact or
contac...
How to secure CNP transactions?
One-Time Passwords
Unique password which can only
be used once
Valid only for a limited time period
OTP Algorithms
Time Ba...
Dynamic Code Verification
Dynamic Code Verification-
Architecture
Near Field Communication
Near Field Communication
Short range Communication
High frequency: 13.56 MHz
Low bandwidth (Data transfer
speed): 106, 212...
Types of communication in
NFC Technology
NFC enabled mobile phone, NFC enabled mobile
phone
NFC enabled mobile phone, NFC ...
Standardization organizations
NFC Forum 
GlobalPlatform 
GSM Association (GSMA)
ISO/IEC 
ECMA International 
ETSI and ETSI...
General Architecture of NFC
Enabled Mobile Phones
Secure Element
Embedded Hardware
Secure Memory Card
UICC
Host Card Emulation
Trusted Service Manager
An independent party serving the
other actors of the NFC
ecosystem
A service platform that acts as...
TSM functionalities
End to end security
Activation and deactivation of services
Remote access to applications
Interconnect...
Over-The-Air
Technology used to communicate with, download
applications to, and manage a SIM card without being
connected ...
OTA technology components
A back end system to send requests
An OTA Gateway to process the requests in an understandable
f...
OTA Architecture
NFC Ecosystem without TSM
NFC Ecosystem with TSM
SE Comparison
Technologies comparison
Tesco-Demo
Bluetooth Low Energy
Bluetooth SMART
Same 2.4 GHz RF as
Classic Bluetooth
Simpler modulation
system
One to many
Location s...
Near Sound Data Transfer
Patented by Tagattitude
Sound-based mobile transaction technology
Uses one time password sent thr...
Near Sound Data Transfer
Magnetic Secure
Transmission
Patented by LoopPay
Does not require merchants
to make changes to their
existing payment syst...
Mobile Wallets Overview
VS.
Cryptocurrency-Bitcoin story
Cryptocurrency-Bitcoin story
What is EMV?
What is EMV?
EMV Integrated Circuit
Card Specifications for
Payment Systems
Developed jointly by
Europay, MasterCard and
Vi...
What is EMV?
Consumer payment application is resident in a secure Integrated Circuit
Card (ICC) or chip
Contact chips in s...
Why EMV?
Protect against counterfeit fraud through authentication
of the chip card, smart phone, fob etc
Risk management p...
EMVCo and other standard bodies
Worldwide EMV Deployment and Adoption
For more detailed information, please contact me:
www.linkedin.com/in/erfanmoradian
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
Emerging Technologies in Payment Industry
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Emerging Technologies in Payment Industry

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At the end of this presentation, you will learn:
-Different types of smart cards
-What are differences between MIFARE family members
-How and where to use each technology in payment solutions
-The NFC business ecosystem, use-cases and secure element’s basics
-How to secure e-banking and e-commerce authentication
-The differences between Apple Pay and Android Pay
-Why the world is migrating to EMV
-What are the emerging payment technologies

Publicado en: Tecnología
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Emerging Technologies in Payment Industry

  1. 1. Emerging technologies in payment industry Erfan MORADIAN November 15, 2015
  2. 2. Course Objectives At the end of this course, you will know: Different types of smart cards What are differences between MIFARE family members How and where to use each technology in payment solutions The NFC business ecosystem, use-cases and secure element’s basics How to secure e-banking and e-commerce authentication The differences between Apple Pay and Android Pay Why the world is migrating to EMV What are the emerging payment technologies
  3. 3. Agenda - Part 1 Ubiquitous Commerce Barcode Technology RFID Technology Magnetic Stripe Cards Smart Cards How to secure CNP transactions?
  4. 4. Agenda - Part 2 Near Field Communication BLE and its differences with NFC Near Sound Data Transfer Magnetic Secure Transmission Mobile wallets overview CryptoCurrency - Bitcoin story What is EMV and why? Wrap up, demo and innovation PITCHFEST
  5. 5. Ubiquitous Commerce
  6. 6. Computing waves Mainframe Computers Personal Computers Networked Computing Ubiquitous Computing
  7. 7. Ubiquitous Computing Pervasive Computing Ambient Intelligence Calm technology Many-to-many relationships Connected smart products EveryWARE
  8. 8. Ubiquitous Computing Paradigm shift Technology becomes virtually invisible in our lives Things that think
  9. 9. U-Commerce E-Commerce M-Commerce V-Commerce T-Commerce W-Commerce S-Commerce
  10. 10. Major features Ubiquitous UniversalUnison Uniqueness
  11. 11. Barcode Technology Visual representation of an object’s data 1D Barcodes (Linear) UPC (Universal Product Code)  EAN13 (European Article Number) 2D Barcodes QR (Quick Response) 
  12. 12. 1D Barcodes - Symbologies Character set: Numeric Alpha-Numeric Full ASCII Discrete/Continous TWO-WIDTH/MULTIPLE- WIDTH SELF-CHECKING
  13. 13. 1D Barcodes - Types (Ex.) Code 25, Interleaved 2 of 5 Wholesale, libraries International standard ISO/IEC 16390 EAN-13, International Article Number Worldwide retail, GS1-approved – International Standard ISO/IEC 15420 UPC, Universal Product Code Worldwide retail, GS1-approved – International Standard ISO/IEC 15420
  14. 14. 1D Barcodes - Types (Ex.) Code 128 Various – International Standard ISO/IEC 15417 Intelligent Mail barcode United States Postal Service
  15. 15. 2D Barcodes Aztec Code ShotCode MaxiCode Data Matrix Han Xin Barcode QR Code
  16. 16. 1. Quiet zone 2. Finder patterns 3. Alignment pattern 4. Timing pattern 5. Version information 6. Data cells QR Codes’ anatomy
  17. 17. Advantages More information Fewer errors Easier to read Easy to transmit More secure Customizable
  18. 18. Smart Sunny Sale Campaign
  19. 19. Barcode Generator Sites http://www.waspbarcode.com/ barcode-maker http://keremerkan.net/qr-code- and-2d-code-generator/ http://generator.barcoding.com http://goqr.me http://www.qr-code- generator.com http://www.qrstuff.com
  20. 20. QR Codes in payment applications 1. Barcodes with payment card information via mobile apps 2. Mobile as barcode readers for payments 3. Barcodes on invoices for bill payments 4. Barcodes to load-up your mobile wallet or engage in e- commerce
  21. 21. HOW DOES A QR CODE PAYMENT WORK? INDIVIDUAL-TO-LARGE BUSINESS TRANSACTIONS INDIVIDUAL-TO-SMALL BUSINESS TRANSACTIONS INDIVIDUAL-TO- INDIVIDUAL TRANSACTION (PEER-TO-PEER)
  22. 22. PayConnect Demo
  23. 23. RFID Technology Radio Frequency Identification Communication via radio waves Being used in different industries
  24. 24. RFID Technology RFID Tag RFID Reader
  25. 25. RFID read distance Read Distance Active/ Passive Antenna Design Radio Frequency Up to 300 meters!
  26. 26. RFID Tag types Passive Without internal power supply Active With internal power supply
  27. 27. RFID Tag types 2.4-6 GHz (Typically 2.45 or 5.8 GHz) Microwave 400-1000 MHz (Typically 850-950 MHz) Ultra-High Frequency 10-15 MHz (Typically 13.56 MHz) High- Frequency 100-500 KHz (Typically 125-134 KHz) Low-Frequency
  28. 28. Magnetic Stripe Cards Magstripe Cards/Swipe Cards Two types: High Coercivity (HiCo) Nearly black Low Coercivity (LoCo) Light Brown
  29. 29. Magstripe card standards ISO Number Description of Standard 7810 Physical Characterisitics of Credit Card Size Document 7811-1 Embossing 7811-2 Magnetic Stripe - Low Coercivity 7811-3 Location of Embossed Characters 7811-4 Location of Tracks 1 and 2 7811-5 Location of Track 3 7811-6 Magnetic Stripe - High Coercivity 7813 Financial Transaction Cards
  30. 30. Magstripe Tracks Track Number Recording Density (bits per inch) Character Configuration (including parity bit) Information Content (including control characters) Track 1 210BPI 7 bits per character 79 Alphanumeric characters Track 2 75BPI 5 bits per character 40 Numeric characters Track 3 210BPI 5 bits per character 107 Numeric characters
  31. 31. Caja Madrid VISA-Example
  32. 32. Smart Cards A card that includes an embedded integrated circuit chip (ICC) With or without contact (contactless) Store information in a secure way Carry out local processing Perform complex calculations
  33. 33. Smart Card types
  34. 34. Smart Card function Trade-Offs
  35. 35. Smart Card Standards ISO/IEC 7816 14443 15693 Java Card & MULTOS GlobalPlatform GSM EMV Common Criteria FIPS
  36. 36. MIFARE family NXP Semiconductors- owned trademark of contactless smart cards ISO/IEC 14443 Type A 13.56 MHz
  37. 37. MIFARE family MIFARE Classic MIFARE Ultralight MIFARE Ultralight C MIFARE DESFire EV1 MIFARE DESFire EV2 MIFARE Plus
  38. 38. Hybrid Cards Two chips: contact and contactless interface Two chips are not connected
  39. 39. Dual Interface Cards Single chip with a contact and contactless interface Can access the same chip via a contact or contactless interface, with a very high level of security.
  40. 40. How to secure CNP transactions?
  41. 41. One-Time Passwords Unique password which can only be used once Valid only for a limited time period OTP Algorithms Time Based Mathematical Algorithms previous password- based(event based) challenge response-based
  42. 42. Dynamic Code Verification
  43. 43. Dynamic Code Verification- Architecture
  44. 44. Near Field Communication
  45. 45. Near Field Communication Short range Communication High frequency: 13.56 MHz Low bandwidth (Data transfer speed): 106, 212, 424 kbps Different operating modes Reader/Writer Peer-to-peer Card emulation
  46. 46. Types of communication in NFC Technology NFC enabled mobile phone, NFC enabled mobile phone NFC enabled mobile phone, NFC reader NFC enabled mobile phone, NFC tag
  47. 47. Standardization organizations NFC Forum  GlobalPlatform  GSM Association (GSMA) ISO/IEC  ECMA International  ETSI and ETSI Smart Card Platform (ETSI SCP)  Java Community Process (JCP)  Open Mobile Alliance (OMA)  3rd Generation Partnership Project (3GPP)  EMVCo 
  48. 48. General Architecture of NFC Enabled Mobile Phones
  49. 49. Secure Element Embedded Hardware Secure Memory Card UICC Host Card Emulation
  50. 50. Trusted Service Manager An independent party serving the other actors of the NFC ecosystem A service platform that acts as a bridge between financial institutions mobile network operators and other ecosystem players To enable mobile commerce
  51. 51. TSM functionalities End to end security Activation and deactivation of services Remote access to applications Interconnect with Mobile Network Operators and Service providers Application lifecycle management Managing keys for a trusted execution environment
  52. 52. Over-The-Air Technology used to communicate with, download applications to, and manage a SIM card without being connected physically to the card.
  53. 53. OTA technology components A back end system to send requests An OTA Gateway to process the requests in an understandable format to the SIM card An SMSC to send requests through the wireless network A bearer to transport the request: today it is the SMS bearer Mobile equipment to receive the request and transmit it to the SIM card A SIM card to receive and execute the request
  54. 54. OTA Architecture
  55. 55. NFC Ecosystem without TSM
  56. 56. NFC Ecosystem with TSM
  57. 57. SE Comparison
  58. 58. Technologies comparison
  59. 59. Tesco-Demo
  60. 60. Bluetooth Low Energy Bluetooth SMART Same 2.4 GHz RF as Classic Bluetooth Simpler modulation system One to many Location services
  61. 61. Near Sound Data Transfer Patented by Tagattitude Sound-based mobile transaction technology Uses one time password sent through the audio channel of a mobile device to create an electronic signature enabling secure transactions. Being used for mobile banking transactions
  62. 62. Near Sound Data Transfer
  63. 63. Magnetic Secure Transmission Patented by LoopPay Does not require merchants to make changes to their existing payment systems. Emulates the same magnetic field as Magstripe card Works within 3 inches ~8 centimeters
  64. 64. Mobile Wallets Overview VS.
  65. 65. Cryptocurrency-Bitcoin story
  66. 66. Cryptocurrency-Bitcoin story
  67. 67. What is EMV?
  68. 68. What is EMV? EMV Integrated Circuit Card Specifications for Payment Systems Developed jointly by Europay, MasterCard and Visa in the mid-1990s Developed jointly by Europay, MasterCard and Visa in the mid-1990s
  69. 69. What is EMV? Consumer payment application is resident in a secure Integrated Circuit Card (ICC) or chip Contact chips in smart cards Contactless chips in smart cards or personal devices such as smart phones Chip key features Store information Perform processing Secure element which stores secrets and performs cryptographic functions
  70. 70. Why EMV? Protect against counterfeit fraud through authentication of the chip card, smart phone, fob etc Risk management parameters to reduce the risk of unauthorised payment Validate the integrity of the transaction through digitally signing payment data Reduce lost and stolen cards through robust cardholder verification methods in all acceptance environments
  71. 71. EMVCo and other standard bodies
  72. 72. Worldwide EMV Deployment and Adoption
  73. 73. For more detailed information, please contact me: www.linkedin.com/in/erfanmoradian

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