Innovative Secure Payment Solutions John QIAN Senior Manager March, 2014 1.
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Transcript of Innovative Secure Payment Solutions John QIAN Senior Manager March, 2014 1.
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Innovative Secure Payment Solutions
John QIAN
Senior Manager
March, 2014
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• Online and mobile security risks • PKI based USB token • Secure payment case studies
Outline
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Online and Mobile Security Risks
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• Man In the Middle Attacks • Trojan Horses Attacks • Real-time Transaction
Manipulation • Social Engineering• Phishing sites
Online Security Risks
Cybercrime and espionage could be costing the world between $70 billion (£46 billion) and $400 billion a year from a total global economy of $70 trillion, a new estimate by the Center for Stategic and International Studies (CSIS) has calculated.
Source McAfee, July 2013
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• High Virus Susceptibility• Lost and Theft • Unsecured communication• Remote Access Tools (RAT)
Mobile Security Risks
• JuniperResearch: Mobile Banking Users to Exceed 1 billion in 2017, Representing 15% of Global Mobile Subscribers
http://www.juniperresearch.com/viewpressrelease.php?pr=356
• Mobile Payment transactions is projected to reach $650 billion by 2014
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PKI based USB Tokens
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PKI Based USB Tokens
1st Gen USB Token
2nd. Gen.USB Token
1.5 Gen USB Token
No display, No interactive elementAlways connected to host PC
A switch to trigger transaction signing
HIP: Sign what you see
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Ultimate protection: Human Interactive Peripheral
Bank
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Sonic Encoding Communication
USB Token
SEC: Sonic Encoding Communication
IC Card Reader
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• Cross-platform applications extensions• Any payment media, anyplace, anytime
3rd Generation PKI USB Token
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Secure PaymentCase Studies
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Mobile Payment Case Studies
TV Shopping
Vending
E-commerce
POS
Bank
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Mobile Payment Case Studies
TV Shopping
Vending
E-commerce
POS
Bank
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• No external driver required• Compatible across browsers: IE, Chrome, Safari etc.• Security: HIP PKI• Usability: easy to use
Case Study 1: Online Payment
Payment App Bank
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• No POS terminal deployment cost • Volume or service fee based to save cost• Payment Info is cycled within completely safe computing env.
Case Study 2: Low Cost SME Payments
Payment AppPOS Terminal Bank
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• Multimedia
Case Study 3: Multimedia Payments
Payment App Bank
Vending Machines
TV Shopping
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• Online generated receipts for offline payment
Case Study 4: Online to Offline (O2O)
Payment App BankPOS
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• Receipt has QR code to feed payment app
Case Study 5: Receipt Based QR Code Payment
Payment App BankQR Receipt
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• Support IC Card devices• Universal payment App that can handle all payments
Case Study 6: Universal Payment App
Payment App Bank
All Sources
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• Flexible sources: NFC & QR Code• Latest mobile technology: HIP, SEC & QR Code• Universal payment App• Different shopping experience
Innovative Mobile Payment Demo System
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• 2nd GEN PKI USB Token offers ultimate transaction protection• SEC technologies drives mobile payment solutions• QR Code authorizing system opens doors for all cross platform
transactions and give rise to 3rd GEN PKI USB Token
Conclusions
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• A leader in online-banking security, PKI/OTP tokens, smartcards and mobile payment solutions.
• The first to propose the concept of human-interface peripheral, pioneered the development of 2nd Generation PKI tokens
• No.1 Banking Solution Supplier in China• Awards: Deloitte Technology Fast 500 Asia Pacific Company in 2011,
2012 Deloitte Technology Fast 50 China Company in 2011, 2012
Tendyron Corporation
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Thank You