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Posts Tagged ‘payment

NFC replaces cash by 2016

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A report by Forrester and PayPal predicts that payments using mobile phones will replace cash by 2016, ABI Research predicts that Google’s step into Near Field Communication – NFC – with their recent launch of Google Wallet will drive adoption by the end of 2012, with global adoption in 2014, far sooner than the 2016 predicted by Forrester and PayPal. They also predict that the NFC chip would store the “user’s banking and personal details – making it redundant to carry ID cards, cash or credit cards.”

With Acer Inc, better known for it’s laptops, planning to launch a NFC enabled phone next year, and Apple rumoured to be launching NFC capabilities in their iPhone5, I can really see that happening. Andy Lees, president of Windows Phone, said at the AsiaD conference last month that consumers can expect NFC-equipped iPhones and Windows Phone 7 devices in 2012.

Added to that the recent announcement 45 globally operating mobile phone operators pledging their support for the GSMA NFC implementation, including China Mobile, Vodafone Group, América Móvil, Telefónica Group, China Unicom, Axiata, Bharti Airtel, Deutsche Telekom, Verizon Wireless, and AT&T.


Written by Daniël W. Crompton (webhat)

November 26, 2011 at 10:00 pm

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Near Field Communication in iPhone5 #nfc

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Apple has been rumoured to be considering the integration of Near Field Communication technology for some time, there were rumours that the iPhone 4S would contain it and now there are rumours that the iPhone5 will contain an NFC Chip coming from handset manufacturers in Asia.

Google recently launched it’s own electronic payment application Google Wallet linked to its mobile platform Android. Research In Motion – maker of the BlackBerry –  has unveiled three new BlackBerry smartphones with the Blackberry 7 OS which support NFC. All behind Nokia who was one of the first to launch a NFC enabled phone.

And it is likely we will see iWallet for iPhone5 coming from Apple soon.

Written by Daniël W. Crompton (webhat)

November 26, 2011 at 7:40 pm

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This year’s articles about programming #2010

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Programming Hands

In 2010 I was less focussed on programming articles on the blog than previous years, still I have managed to create some interesting articles with code in 2010. This is an overview of the activity:

Having some fun today with QR codes, JavaScript and the Google Analytics URL …

The only questions that are asked in the Daily Scrum, aka Stand-Up, are: What…

UPDATE: GMail has introduced my number 3. YEAH! (Gmail introduces Priority In…

I like YouTube, and often subscribe to new channels and unsubscribe after a w…

Since I started working for my company I’ve been exposed to PCI DSS (Pa…

I don’t understand why url expansion after url shortening is such an is…

VeriSign – Personal Identity Portal is a OpenID provider with multiple …

Image source D’Arcy Norman

PCI is nice (or what I do) #pcidss

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Since I started working for my company I’ve been exposed to (Payment Card Industry Data Security Standard), “It was developed by the major credit card companies as a guideline to help organizations that process card payments prevent credit card fraud, hacking and various other security issues.1 There are only a small amount of requirements that need to be implemented, although these can be pretty substantial for some customers. I can also be difficult to understand the details of these 12 requirements for compliance.2

Being a programmer by nature I’ve often been told that the nuts and bolts of what I do, the part I enjoy, are a little complex. PCI is something different, everybody can understand that credit card data needs to be protected from unauthorized access. Not just credit card data, but all data that could potentially be used in . Which means that a policy or control needs to be implemented to control this, and note any non-compliance.

PCI is just about protecting your “Cardholder Data“:

    Primary Account Number (PAN)
    Cardholder Name
    Service Code
    Expiration Date

I know first hand that most of the banks in the Netherlands, and in most of the world, are quick to discover credit card fraud. They are also quick to payout and correct the issue for the customer, because the chance that customers will loose faith in the bank is high if they don’t. Yet ultimately these customers are still paying for all the fraud committed with all the credit cards. Banks, payment service providers or retail merchants, who have your Cardholder Data, have all the data needed for this kind of financial identity theft and fraud, and more…

It may seem obvious that this data is stored securely, credit card use is ubiquitous. Yet the large banks have had the same problems with data leakage as small retailers, which means the data must be secured from the customer right to the bank who finally processes the payment to avoid this type of leakage. The problem is that payment service providers or merchants have traditionally not done this. They may handle the temporary authorization requests for the PAN or use the (BIN) from the card number for routing the payments to the specific issuer, so they may need the number. That’s fine, as long as they store the data securely and have a log of who accessed the data and why the data was accessed.

Now that’s out of the way I can tell you what I’m doing, I’m playing with RSA [now EOL’d] and RSA . Simply put DBSM is a framework which encrypts the data as in goes into the database and decrypts it as it comes out. It’s something that anybody who is paranoid like me had already been doing for a while, but the way I was doing it required me to write custom fragments of code for every application which needed to access the data. DBSM does it transparently, while at the same time checking the users who try to access it, so only the correct users gain access. RKM hooks into this by providing a framework for the policies or controls which grants the correct people/devices/programs a key to lock-up or unlock the data, different policies can be implemented for different types of data or device.

Now you know what I do.

More reading

Originally appeared here.

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Written by Daniël W. Crompton (webhat)

May 18, 2010 at 3:55 pm

From e-Gold to Payment Systems (Update) #finance

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Written by Daniël W. Crompton (webhat)

July 28, 2008 at 4:01 pm

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Reserve Bank of India halts mobile payments #risk

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I mentioned the insecurity of mobile payment systems before in Rabobank has insecure SMS banking. Apparently the RBI has the same reservations I do. In the article RBI puts a temporary halt on Mobile Payment Services explains.

They haven’t stopped regular services such as requesting bank balance, but they have halted signing off on permitting projects to go life until the final guidelines have been issued, micropayments and larger transactions.

From the draft guidelines:

It is suggested that the banks issue a new mobile pin (mPIN). […] Banks and the various service providers involved in the m-banking should comply with the following security principles and practices with respect to mPIN : […]
Protect the mPIN using end to end encryption

They don’t seem to require One Time Passwords, which I would certainly have as a requirement, and I hope they don’t consider A5 to be end-to-end encryption. Nokia and Visa already started working on a secure payment system in 2007 using RFID.1

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Written by Daniël W. Crompton (webhat)

July 26, 2008 at 5:53 pm

From e-Gold to Payment Systems

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I was reading the article e-Gold Founders Face Prison for Money Laundering on Mashable, and watching JAG reruns, I started wondering what the payment alternatives are.

First I’ll go through the list that was published earlier on Mashable here. The only ones that seem to be dead are,,, (Search Engine Trap), (became, I prefer the Mooncup),,, (Under preliminary injunction from FTC) and

They missed iDeal, the Dutch system which is based on the knowledge collected when the Dutch banks had their own deals with PayPal. At that time PayPal was so full of holes that it never would have passed European Banking Regulations.
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Written by Daniël W. Crompton (webhat)

July 22, 2008 at 8:34 pm

Posted in business, finance

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