SlideShare a Scribd company logo
Bernried, September 2018
Kurt Schmid, Managing Director Digital Payments
A small step for a programmer, a big step for payments
Merchant Tokenization & Secure
Remote Commerce
Questions
Who likes to enter PANs again and again
for every new merchant?
Who is worried of fraud on his/her
card?
Who knows all the places where your
card data is stored?
Why is Amazon so powerful?
2
Tokenization
3
When the PAN and other card data is known fraud
can be made with little efforts
The PAN and other card data therefore is in PCI-
Scope
The weakest link makes the level of security
Why Tokenization? What is the problem?
Securing the Card Number (PAN)
Key and surrounding roles
5
Token
Requestor
Token
Service
Provider
Card Issuer
Merchant
End User
PSPScheme
Acquirer
NSP
IoT
Device Wallet
(X Pay)
TR TSP
Issuer
TSP
Card Issuer
Token
Service
Provider
Token
Requestor
Main Use Case: Digitize (Tokenize) Card
6
Yellow case
Step up auth.
Main Use Case: Secure variant of Digitize
7
Token
Requestor
Token
Service
Provider
Card Issuer
authenticates
Encrypted PAN
Green case
Scaling Up Tokenization (1)
8
Token
Requestor
Token
Service
Provider
Card Issuer
Scaling Up Tokenization (2)
9
Token
Requestor
Token Service Provider Card Issuer
MDES, VTS, AETS
Scaling Up Tokenization (3)
10
Token
Requestor
Token
Service
Provider
Card Issuer
Aggregators
Token
Requestor
TSP
Card Issuer
TSP
Know Usage for Mobile Contactless Payment
11
Enabling an App to perform mobile contactless
payment at the POS
Request Tokens via MDES, VTS etc. for Cloud
Based Payments
NFC Interface to Terminals nbased on Host Card
Emulation (HCE)
Replenishment of short living card keys to
increase security (“SUK”, “LUK” instead of CMKs)
MyBankApp
Accounts 6,750.00
Recent Transactions
Ready to Pay
Tokenization in use for Mobile Contactless Payments
12
Token
Requestor
(CMS-D,
MAP)
Scheme
Token
Service
(MDES
VTS
AETS)
Card Issuer
authenticates
Encrypted PAN
PSP,
Acquirer
Network
AuthDeTok.
E-Commerce Payment
13
Enabling an e-Commerce
application for Payments
Card Not Present and 3DS
today’s prevailing
methods for checkout
Concerns in eComm Payments
14
Risk/Fraud through
different attacks
Low Conversion rates
on mobile channels
Abandonning the
checkout process
Higher costs for CNP
versus CP
Merchant concerns Issuer concerns
Risk/Fraud through
different attacks
Cost of customer care
Lost transactional
Revenue
Consumer concerns
Ease of onboarding
Convience at shopping
Why not use Tokenization in e-Commerce?
Each merchant does not store the PAN but a
token
Security will be Card Present like by using a
cryptogram
15
The basic Ideas:
Mastercard started M4M (MDES for
Merchants)
VISA speaking about Tokenizazion in
eCommerce and Card of File (COF)
Tokenization in use for e-Commerce Payments
16
Token
Requestor
(CMS-D,
MAP)
Scheme
Token
Service
(MDES
VTS
AETS)
Card Issuer
PSP,
Acquirer
Network
AuthDeTok.
COF
PAN Entry
Use Cases
Enroll: Add card manually or tokenize from card of file
Display cards: Card art coming from token service (User
sees his real card image)
Transact: Generate EMV cryptogram (can be used for one
or more transactions)
Lifecycle: Issuer Account Update
Secure Remote Commerce
18
SRC
Rocket still to be loaded
Secure Remote Commerce Framework (“SRC”)
Defined by EMVCo ( /)
Scheme agnostic to help interoperability
Pay securely by credit card” button in checkout
Will be scheme neutral successor of MasterPass & Visa Checkout starting 2019 / 2020
Will support card tokenization using MDES and VTS
Will support card present type security (“cryptograms”)
Demonstrator available from Netcetera, Training courses will be available
Roles used in SRC
20
Token
Requestor
Token
Service
Provider
(Scheme)
Card Issuer
Supporting
SRC
SRC System
Digital Card
Facilitator
Digital
Shopping
Application
(aka
Merchant)
PSP
SRC
Inititator
SRC Flow once device is registered / returned user
Versus first time flow
Benefits
Seamless experience – Starts with card entry
like user is used to do
No onboarding required – but device /
merchant pairing possible from issuer app
Works with all schemes in the same way
Tokenization and EMV-like security will
prevent fraud and lower the costs
As Issuer
As Merchant
As PSP
As Acquirer
How to approach this?
Ask for a training
on SRC done by
our expert
Thomas Fromherz
Europaplatz4
4020Linz
Austria
info@netcetera.com
+43664 11211 00
Kurt Schmid
Managing Director Digital Payment
Kurt.Schmid@netcetera.com

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Digital Payments - Netcetera Innovation Summit 2018

  • 1. Bernried, September 2018 Kurt Schmid, Managing Director Digital Payments A small step for a programmer, a big step for payments Merchant Tokenization & Secure Remote Commerce
  • 2. Questions Who likes to enter PANs again and again for every new merchant? Who is worried of fraud on his/her card? Who knows all the places where your card data is stored? Why is Amazon so powerful? 2
  • 4. When the PAN and other card data is known fraud can be made with little efforts The PAN and other card data therefore is in PCI- Scope The weakest link makes the level of security Why Tokenization? What is the problem? Securing the Card Number (PAN)
  • 5. Key and surrounding roles 5 Token Requestor Token Service Provider Card Issuer Merchant End User PSPScheme Acquirer NSP IoT Device Wallet (X Pay) TR TSP Issuer TSP
  • 6. Card Issuer Token Service Provider Token Requestor Main Use Case: Digitize (Tokenize) Card 6 Yellow case Step up auth.
  • 7. Main Use Case: Secure variant of Digitize 7 Token Requestor Token Service Provider Card Issuer authenticates Encrypted PAN Green case
  • 8. Scaling Up Tokenization (1) 8 Token Requestor Token Service Provider Card Issuer
  • 9. Scaling Up Tokenization (2) 9 Token Requestor Token Service Provider Card Issuer MDES, VTS, AETS
  • 10. Scaling Up Tokenization (3) 10 Token Requestor Token Service Provider Card Issuer Aggregators Token Requestor TSP Card Issuer TSP
  • 11. Know Usage for Mobile Contactless Payment 11 Enabling an App to perform mobile contactless payment at the POS Request Tokens via MDES, VTS etc. for Cloud Based Payments NFC Interface to Terminals nbased on Host Card Emulation (HCE) Replenishment of short living card keys to increase security (“SUK”, “LUK” instead of CMKs)
  • 12. MyBankApp Accounts 6,750.00 Recent Transactions Ready to Pay Tokenization in use for Mobile Contactless Payments 12 Token Requestor (CMS-D, MAP) Scheme Token Service (MDES VTS AETS) Card Issuer authenticates Encrypted PAN PSP, Acquirer Network AuthDeTok.
  • 13. E-Commerce Payment 13 Enabling an e-Commerce application for Payments Card Not Present and 3DS today’s prevailing methods for checkout
  • 14. Concerns in eComm Payments 14 Risk/Fraud through different attacks Low Conversion rates on mobile channels Abandonning the checkout process Higher costs for CNP versus CP Merchant concerns Issuer concerns Risk/Fraud through different attacks Cost of customer care Lost transactional Revenue Consumer concerns Ease of onboarding Convience at shopping
  • 15. Why not use Tokenization in e-Commerce? Each merchant does not store the PAN but a token Security will be Card Present like by using a cryptogram 15 The basic Ideas: Mastercard started M4M (MDES for Merchants) VISA speaking about Tokenizazion in eCommerce and Card of File (COF)
  • 16. Tokenization in use for e-Commerce Payments 16 Token Requestor (CMS-D, MAP) Scheme Token Service (MDES VTS AETS) Card Issuer PSP, Acquirer Network AuthDeTok. COF PAN Entry
  • 17. Use Cases Enroll: Add card manually or tokenize from card of file Display cards: Card art coming from token service (User sees his real card image) Transact: Generate EMV cryptogram (can be used for one or more transactions) Lifecycle: Issuer Account Update
  • 19. Secure Remote Commerce Framework (“SRC”) Defined by EMVCo ( /) Scheme agnostic to help interoperability Pay securely by credit card” button in checkout Will be scheme neutral successor of MasterPass & Visa Checkout starting 2019 / 2020 Will support card tokenization using MDES and VTS Will support card present type security (“cryptograms”) Demonstrator available from Netcetera, Training courses will be available
  • 20. Roles used in SRC 20 Token Requestor Token Service Provider (Scheme) Card Issuer Supporting SRC SRC System Digital Card Facilitator Digital Shopping Application (aka Merchant) PSP SRC Inititator
  • 21. SRC Flow once device is registered / returned user
  • 23. Benefits Seamless experience – Starts with card entry like user is used to do No onboarding required – but device / merchant pairing possible from issuer app Works with all schemes in the same way Tokenization and EMV-like security will prevent fraud and lower the costs
  • 24. As Issuer As Merchant As PSP As Acquirer How to approach this? Ask for a training on SRC done by our expert Thomas Fromherz
  • 25. Europaplatz4 4020Linz Austria info@netcetera.com +43664 11211 00 Kurt Schmid Managing Director Digital Payment Kurt.Schmid@netcetera.com