Download - Securing Mobile Payments
Simon Cattlin
Securing Mobile Payments
IOCS, 2013 – Confidential
What’s the background
– UK economic need– UK/EU regulatory and legal requirements– Consumer behaviour– Technology adoption
IOCS, 2013 – Confidential
The technology heritage
Silanis Docusign Adobe IOCS Bango Luup
eBay Paypal A cast of thousands…
Its not about phones – its about digital convergence and straight through processing.
IOCS, 2013 – Confidential
The history
– IP has been “out there” since 1992– Millions of users– $ Billions transacted annually– Legally tested – Statute and directives in-place
IOCS, 2013 – Confidential
Public Sector Adoption
IOCS, 2013 – Confidential
Finance Sector Adoption
IOCS, 2013 – Confidential
Retail Sector Adoption
IOCS, 2013 – Confidential
Complexity
• CLIENT VALUE• Onerous ID process• Admin overhead• Delayed execution
• COST• Print • Postage• Admin• Errors• Scanning• Delivery • Storage
• COMPLIANCE• Sales processes not
captured• Paper agreements lost
• CARBON• Increased footprint
IOCS, 2013 – Confidential
D A
Y S
P H Y S I C A L, S E M I – A U T O M A T E DE L E C T R O N I CF U L L Y – A U T O M A T E D
ROI = 90% reduction - cost / time / risk
Workflow
IOCS, 2013 – Confidential
universal application
document generation
fraud checks
identity checks
electronic signature
vaulting / delivery
c o n t e n t m a n a g e m e n t
p r o c e s s o r c h e s t r a t i o n
m i / e v i d e n c e ma n a g e m e n t
e l e c t r o n i c a g r e e m e n t p r o c e s s i n g
The zone
IOCS, 2013 – Confidential
eSign LawUK & EU
Consumer Credit LawTechnology
Get it wrong = PPI +++++
Who are the Specialists?
– Bird and Bird, Lorna Brazell, Partner: the UK’s leading expert on e-signature law and e-contract enforceability. Author: Electronic Signatures, and Identities © Bird & Bird, 2008;
– Benjamin Wright: lawyer, government advisor and leading US expert on e-signature and electronic evidence. Author: E-Signatures, Are We Building Sufficient Electronic Evidence? © B. Wright, 2007; The Law of Electronic Commerce, © Aspen Law & Business, 2006
– Locke Lord Bissel & Liddell: Specialist e-records management legal experts. Authors: From E-Discovery to E-Admissibility Lorraine v. Markel and What May Follow, © Lord Bissell & Brook, LLP 2007
– Judge Paul W. Grimm: Chief Magistrate Judge - the presiding judge in Lorraine v. Markel and author of the subsequent 101-page opinion on getting e-records into evidence
– Judge Christopher M. Klein: U.S. Bankruptcy Judge and Chief Judge of the Bankruptcy Appellate Panel of the Ninth Circuit – the presiding judge in American Express v. Vinhnee, 2005
– Professor Edward J. Imwinkelried: Professor of Law and Director of Trial Advocacy, Author: 11-Factor Foundation Process for Electronic Records, © Matthew Bender, 2008
– Tower Group, Karen Pauli, Senior Analyst. Author: Electronic Signature and Secure Forms in the Insurance Industry: Taking the P&C Pen to the Web, © Tower Group, 2007
– Gartner, Gregg Kreizman, Research Director, IT. Author: Electronic Signature Suites and Services: Preserving the Electronic Trail 10 Years From Now, © Gartner 2008
IOCS, 2013 – Confidential
What do they say?
IOCS, 2013 – Confidential
There are…
…principles of enforceability
6 Principles of Enforceability
IOCS, 2013 – Confidential
full ID audit trail
1
true copy for customer
4
non-repudiable evidence:• integrity• unity
6
2
reproduce exactly what the customer saw
3
reproduce exactly what the customer did
5
persuasive evidence: • simple• non-technical
Example: IOCS-Systems approach: Law First
IOCS, 2013 – Confidential
INDEPENDENT IOCS ENVIRONMENT
IOCS, 2013 – Confidential
INDEPENDENT IOCS ENVIRONMENT
IOCS, 2013 – Confidential
– Full ID audit trail– What the customer saw– What the customer did– True copies– Practical, persuasive evidence– Integrity / unity
INDEPENDENT IOCS ENVIRONMENT
ID Verification - Big Data
IOCS, 2013 – Confidential
Compliance / Accreditation
IOCS, 2013 – Confidential
IOCS has a significant advantage in terms of regulatory compliance and legal endorsement:
IOCS is the only service of its kind to have been approved for use by the UK’s leading law firms and QCs specialising in consumer credit, banking and electronic transactions:
VeriSign CertifiedCompliant with UK
government guidance on e-signature
DP Registered: Z2365706 OFT / CCA Compliant PCI Compliant Q413
UK and EU e-Signature Legislation Compliant
Fred PhilpottMalcolm Waters
IOCS platform will transact £2,000,000,000 in 2013
Some useful people to know
IOCS-Systems SSLPostExcipere
Thankyou - questions
IOCS, 2013 – Confidential