Mobile Payment Forum of India Technology sub-committee

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23 Φεβ 2014 (πριν από 3 χρόνια και 7 μήνες)

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Mobile Payment Forum of India


Technology sub
-
committee


Presentation

on mobile payments

2

Agenda


Technology architecture


Transaction flows


Intra Bank transfer


Inter Bank transfer




Connectivity and Security


Standards and requirements


Mobile ~ Mobile Banking Application



Mobile phone application



Cost components

3

Technology architecture


Transaction flow

4


Mobile
Networks


Bank

Intra bank transfer



Internet

Mobile Banking
Application /
Service

SMSC Gateway

GPRS Gateway

5


Bank connects to Mobile networks via Mobile Banking
Application / Service (MBAS)


Sender and Receiver perform a registration at Bank


MBAS stores card number, or account no and Bank ID


Sender specifies a recipient Mobile number / account
number and initiates a transfer request


MBAS performs checks and forwards the request to the
Bank


Bank validates the From / To accounts, performs a fund
transfer; responds to the sender and the receiver via
MBAS

Intra bank transfer

-

Transaction flow

6


Service offerings:


For Bank’s customers only


Bank can offer unique services



Transaction processing and settlement


Intra
-
bank transactions can be settled by the
bank itself


Intra bank transfer

Bank 2

Inter bank mobile payment transfer

Bank 1

Mobile Banking
Application /
Service

SMSC Gateway

GPRS Gateway

Bank 1


Mobile
Networks




Internet

Switch

Transaction
Switch

8


MBAS connects to the mobile networks, and connects to
a Transaction Switch, which in turn connects to Banks


Same Sender / Receiver Registration process


Sender (of Bank 1) specifies a recipient Mobile / account
number of other bank (Bank 2) and initiates a transfer
request


Bank 1 validates the From account, performs a debit and
returns status to Switch


Switch sends the credit leg to Bank 2


Bank 2 validates the credit account, and responds to
Switch


If invalid “To” account, sends a failure message to Switch


Bank 1 reverses the debit, sends out a failure message to
Sender


Inter bank transfer


Transaction flow

9


Service offerings:


Transfer of funds across banks account


Purchase / payments


Transaction processing and settlement


Intra bank transaction settlement by each
bank



Inter bank settlement reports by Switch for
settlement by Settlement Bank / or settlement
Agency


Inter bank mobile payments

10

Connectivity and Security
Standards, requirements

11


SMS / GPRS connectivity


HSM based authorization and key
management


PKI infrastructure and DUKPT between
MBAS and the mobile


Audit logs for at least 1 year at MBAS


Mobile ~ MBAS

12


Customer registration with bank required for
availing Mobile Banking services; bank issues
MPIN on secure stationery


Application initiation by password / PIN issued
by MBAS provider


Bank can consider imposing limits on transaction
amount


customer wise or for the channel


Forced password change on first usage


for
application / transaction


Biometric authentication
-

nascent stage, early


Mobile phone application

13


SMS / USSD / CDMA / GPRS based
technology are acceptable


Menu based applications using open
standards on J2ME recommended


Application download via OTA, IR or
Internet


Application invocation PIN at the time of
downloading the application



Mobile phone application (contd)

14


Service offerings by Mobile operator


SMS / GPRS / USSD


Mobile Banking application on handset


Provided by application provider


Mobile Banking Application Server / Service


EFT Switching / SFMS Messaging costs


NFT / FSS / SFMS


Transaction processing costs at Banks


Settlement costs


CCIL / RTGS

Cost components

MPFI Technology sub
-
committee


Thank you