First-ever consumer driven fraud mitigation technology
Innovative technological solution to fraud prevention
UPK is a solution that allows an individual to lock and unlock their personal accounts, deployable across a broad range of industries:
Credit cards, debit cards, on-line bank accounts, prepaid, gift cards
On-line commerce accounts (i.e. PayPal)
Meal vouchers, fleet cards, gas cards
On-line, interactive gaming accounts (i.e. PlayStation)
On-line Gambling accounts (i.e. BetWin, Party Gaming)
Airline/hotel mileage/loyalty – online/card accounts
Individuals can lock and unlock their accounts in real-time or set an automatic schedule in the future through any Smart-phone, desktop computer or other mobile device.
Our solution works with all Smart-phone and tablet operating systems (Android, Apple, Windows and Blackberry) as well as with feature phones. The technology seamlessly interfaces with a host’s operating platform (both legacy and state-of-the-art systems) to provide secure, seamless functionality without having any private customer data pass outside their secure, self-contained environment.
Hardware-software complex to manage accounts, e-wallets, payment and loyalty cards in single application.
Advantages for Clients:
- Mobile platform, turning a smartphone into a powerful payment and loyalty tool
- Online Р2Р transactions
- One-click payments
- Simple and secure authorization
- Access to financial services for underbanked population
Advantages for Bank:
- Affordable tool for day-to-day banking operations, which is an essential competitive advantage to attract the most economically active and technologically advanced clients, making the most profitable market segment
- Saving costs on performing payment and transfer transaction in the Bank’s branches
www.mwallet.pro
www.m-processing.com
The document discusses digital wallets, including what they are, their components and technology, payment models, challenges, and the future of digital wallets. A digital wallet allows secure electronic payments and storage of payment methods and identification. It discusses how digital wallets use near-field communication (NFC) technology and secure storage to facilitate electronic payments from mobile devices. The future of digital wallets may include integrated services like bill payment, coupons, shopping comparisons, and personal information management.
To develop mobile payment, the payment industry has to take into account the new digital approach of Customer Experience. The payment has to be integrated easily in the User Experience by facilitating the enrolment, the authentication and the check out. Digital Wallet is an answer to integrate payment API in the user experience to develop mobile payment - by Olivier PERRIN, Head of Cards and Payments Consulting activity, Sopra Banking Software
A hardware and software platform, which turns a smartphone into a powerful payment, loyalty and identification tool:
- All-in-one,
- Simple authentication & authorization,
- P2P transfers,
- Pay by QR code,
- Pay by NFC,
- Pay by cards linked to an account,
- Mobile acquiring,
- Invoices,
- Loans,
- E-policies,
- Consolidation of loyalty programs,
- Discounts and promotions,
- Ticketing.
White Label - under Your Brand in 2-3 months!
Financial services delivery and access is undergoing a digital transformation across the globe with a new segment of consumers, known as millennials. At the same time, we still have around 1.2 billion people with poor access to banking products and services and are a potential set of future customers.
Advancement in mobility has set mobile as the new medium and access as the new paradigm. This transformation offers a unique business opportunity to financial institutions – to transform their digital strategy in line with the consumer experience and consumer ask.
FinX brings in an all-inclusive bank grade platform that equips these set of consumers with a low risk and easy to maintain pre-funded stored value account enabling them to perform multiple transactions including recharges, bill payments, ticketing, money remittance, coupons etc. FinX helps bringing frictionless payments to the consumers, hence creating a cohesive digital payments ecosystem and powers financial institutions to acquire new customers, tap-on long term loyalty with existing ones, and seize new revenue opportunities to increase their footprint in the market.
FinX helps digital wallet issuers with the right technology to ensure that they are ready to meet the challenges of the ever-evolving digital wallet landscape.
From plastic to secured bits. A mobile wallet for virtual cards on the mobil...Axel Nennker
Mobile wallets are not only for payments. Mobile wallets will only be successfull if they incorporate loyalty programs, coupons, keys, online identity. The APIs and data must be open. A mobile wallet is not owned by the wallet operator but by the wallet user.
This slide deck describes the architecture of the mobile wallet and the eco system the mobile wallet is embedded in.
This architecture was developed in a project of Telekom Innovation Laboratories.
The mobile wallet is
open to all cards/services.
Multiple cards for Identity, Payment, Loyalty, Coupons, …
Provide framework to support major “standards”.
User centric.
Privacy build-in.
Support mobile and web.
Open to all operators.
BlueHornet Webinar: The Rise of the Digital Wallet - New Opportunities for Em...BlueHornet
Presented by BlueHornet’s Director of Product Management, Manny Ju, this webinar will introduce you to the concept of the mobile wallet and how it’s affecting email marketing programs, including:
- Emerging trends in the mobile/digital wallet space
- Why early adoption of the digital wallet is a strong indicator of brand loyalty
- How wallets, like Apple’s Passbook, mean incremental revenue for email marketers
Google Wallet is a mobile payment system that allows users to store debit/credit cards and loyalty cards to make contactless payments through NFC. It was first released in the US in 2011. Google Wallet partners with many major merchants and works with over 300,000 payment terminals. While it initially only supported a few phone models, Google Wallet now works with popular phones like iPhones, Samsung Galaxy phones, and Google's Nexus devices. Google's business model is to offer sponsored ads to users through the app and make money this way rather than charging users or merchants fees.
Hardware-software complex to manage accounts, e-wallets, payment and loyalty cards in single application.
Advantages for Clients:
- Mobile platform, turning a smartphone into a powerful payment and loyalty tool
- Online Р2Р transactions
- One-click payments
- Simple and secure authorization
- Access to financial services for underbanked population
Advantages for Bank:
- Affordable tool for day-to-day banking operations, which is an essential competitive advantage to attract the most economically active and technologically advanced clients, making the most profitable market segment
- Saving costs on performing payment and transfer transaction in the Bank’s branches
www.mwallet.pro
www.m-processing.com
The document discusses digital wallets, including what they are, their components and technology, payment models, challenges, and the future of digital wallets. A digital wallet allows secure electronic payments and storage of payment methods and identification. It discusses how digital wallets use near-field communication (NFC) technology and secure storage to facilitate electronic payments from mobile devices. The future of digital wallets may include integrated services like bill payment, coupons, shopping comparisons, and personal information management.
To develop mobile payment, the payment industry has to take into account the new digital approach of Customer Experience. The payment has to be integrated easily in the User Experience by facilitating the enrolment, the authentication and the check out. Digital Wallet is an answer to integrate payment API in the user experience to develop mobile payment - by Olivier PERRIN, Head of Cards and Payments Consulting activity, Sopra Banking Software
A hardware and software platform, which turns a smartphone into a powerful payment, loyalty and identification tool:
- All-in-one,
- Simple authentication & authorization,
- P2P transfers,
- Pay by QR code,
- Pay by NFC,
- Pay by cards linked to an account,
- Mobile acquiring,
- Invoices,
- Loans,
- E-policies,
- Consolidation of loyalty programs,
- Discounts and promotions,
- Ticketing.
White Label - under Your Brand in 2-3 months!
Financial services delivery and access is undergoing a digital transformation across the globe with a new segment of consumers, known as millennials. At the same time, we still have around 1.2 billion people with poor access to banking products and services and are a potential set of future customers.
Advancement in mobility has set mobile as the new medium and access as the new paradigm. This transformation offers a unique business opportunity to financial institutions – to transform their digital strategy in line with the consumer experience and consumer ask.
FinX brings in an all-inclusive bank grade platform that equips these set of consumers with a low risk and easy to maintain pre-funded stored value account enabling them to perform multiple transactions including recharges, bill payments, ticketing, money remittance, coupons etc. FinX helps bringing frictionless payments to the consumers, hence creating a cohesive digital payments ecosystem and powers financial institutions to acquire new customers, tap-on long term loyalty with existing ones, and seize new revenue opportunities to increase their footprint in the market.
FinX helps digital wallet issuers with the right technology to ensure that they are ready to meet the challenges of the ever-evolving digital wallet landscape.
From plastic to secured bits. A mobile wallet for virtual cards on the mobil...Axel Nennker
Mobile wallets are not only for payments. Mobile wallets will only be successfull if they incorporate loyalty programs, coupons, keys, online identity. The APIs and data must be open. A mobile wallet is not owned by the wallet operator but by the wallet user.
This slide deck describes the architecture of the mobile wallet and the eco system the mobile wallet is embedded in.
This architecture was developed in a project of Telekom Innovation Laboratories.
The mobile wallet is
open to all cards/services.
Multiple cards for Identity, Payment, Loyalty, Coupons, …
Provide framework to support major “standards”.
User centric.
Privacy build-in.
Support mobile and web.
Open to all operators.
BlueHornet Webinar: The Rise of the Digital Wallet - New Opportunities for Em...BlueHornet
Presented by BlueHornet’s Director of Product Management, Manny Ju, this webinar will introduce you to the concept of the mobile wallet and how it’s affecting email marketing programs, including:
- Emerging trends in the mobile/digital wallet space
- Why early adoption of the digital wallet is a strong indicator of brand loyalty
- How wallets, like Apple’s Passbook, mean incremental revenue for email marketers
Google Wallet is a mobile payment system that allows users to store debit/credit cards and loyalty cards to make contactless payments through NFC. It was first released in the US in 2011. Google Wallet partners with many major merchants and works with over 300,000 payment terminals. While it initially only supported a few phone models, Google Wallet now works with popular phones like iPhones, Samsung Galaxy phones, and Google's Nexus devices. Google's business model is to offer sponsored ads to users through the app and make money this way rather than charging users or merchants fees.
The document discusses digital wallets, which allow users to make electronic payments by storing virtual versions of payment cards on their mobile phones. A digital wallet works by securely storing users' payment information and card details within a software component on their device. It aims to simplify online and in-person payments by automatically filling in payment details during transactions. The digital wallet offers advantages like consolidating multiple payment and loyalty cards in one place and helping users maximize rewards earned from purchases. However, challenges remain around securely storing digital cash and ensuring digital wallet systems are fast, easy to use, and accurate.
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
In the past, we had used natural money (such: nuts, leaf). In 650 B.C, precious metal money was the mainly currency. After that, in 1700s A.D, we have transferred to paper money like US Dollar, Euro and now, we are using card replace for traditional cash. The currency revolution doesn’t stop there, we're going to use our smartphone instead of card, metal money, cash, loyalty card. That's called Digital Wallet (also known as E-Wallet)
Microgifting service that makes possible to send gift certificates instantly in real time via sms, email or push and exchange them in online or offline store on real goods.
We propose 3 solutions for business:
- for merchants: widget on web-site and mobile app with integrated payment tool, where users can buy and send gift cards.
- for manufactures, banks and retailers: reward's service with instant mass-sending gifts to any number of customers, it’s fast, simple and inexpensive. Possibility to make promo campaign on web-site with automatic sending gifts via API.
- for end users: integrated mobile wallet solution in mobile app, where users can easily send each other different gifts like coffee or pizza instead of "smiles" to say "Good morning", "Thank you" or "Sorry". Platform allows to pay in one click, choose a recipient from the phone book, keep gift certificates in wallet etc.
BRANDED & INTEGRATED
Fully branded to your specifications, so the customer experience is custom and seamless. Design your own gift cards and brand your purchase engine.
DESKTOP OR MOBILE
Your customers can purchase mGift Cards on their phone or through a branded purchase engine embedded on your website.
PROMOTIONAL GIFTING
Send promotional gift cards directly to your customers’ phones through our merchant dashboard.
TRACK GIFTS
Track all aspects of your program. When gifts were sent, when they were redeemed, who sent gifts, etc.
WIDGET FOR WEBSITE AND MOBILE APP
B2C REWARD PRODUCT
www.walletfactory.eu
www.mgift.pro
The document is a presentation for a mobile wallet platform called mWallet. It describes mWallet as a mobile platform that turns smartphones into powerful payment and loyalty tools. Key features of mWallet include peer-to-peer payments, one-click payments for goods and services both online and offline using QR codes or NFC, linking of payment cards, and consolidation of loyalty programs. Use cases for mWallet include payments for goods from TV ads or product packaging by scanning a QR code, mobile commerce, online payments, and offline payments in stores using NFC. The presentation promotes mWallet's functionality for producers, service companies, and customers.
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
Wallet Factory platform is a constructor for a wide range of use cases:
- Launching digital banking for traditional banks and credit unions (white-label mobile and web apps and integration with banking core system);
- Enabling extra revenue sources for telecom operators, e.g. P2P, service catalogues, money transfers etc. (e-wallet processing and a mobile app);
- Setting up loyalty\payments system for retailers etc. (e-wallet processing and mobile app, alongside with the loyalty platform).
A digital wallet allows users to make electronic payments by storing payment information and identifying credentials securely on their device or online. It hides the complexity of payment processing from the user and can manage multiple payment options and IDs from one place. Digital wallets are either client-based software installed on a user's device or server-based where a company maintains the wallet information online. Both provide convenience for users and benefits for merchants through automated forms and payment processing. Emerging technologies like near-field communication enable new ways for digital wallets to securely complete transactions wirelessly.
Suraj Pratap presented on mobile wallet security. He discussed statistics on mobile wallet usage in India and common brands. Mobile wallets allow contactless payments through apps as an alternative to cash or credit cards. While wallets aim to securely store payment information, common security issues include stolen devices accessing funds, lack of two-factor authentication, and man-in-the-middle attacks intercepting wireless transfers. Suraj analyzed the security measures of major wallets and reported that several had experienced bugs, though typically with limited user impact. He concluded by taking questions on adopting mobile wallets given ongoing security challenges.
Mobile Banking Security Risks and Consequences iovation2015TransUnion
This document discusses mobile banking security risks and consequences. It begins with an overview of how identity can be viewed from the perspectives of the user, attributes, devices, and mobile devices. It then covers evolving guidance from FFIEC on layered security, challenges in assessing risk from transactions, and maturity of mobile banking features. The document argues that updated guidance is needed to address capabilities of mobile banking, big data analytics, and fraud management since the last update in 2011.
The system is based on remunerating the customers for action (purchasing the good or service) in the merchant’s point of sale or in the network of the loyalty program participants. The remuneration is credited as a bonus to the customer account via e-money or points. The platform can be used for the purposes of a specific retailer or for independent operator to enter the market. The system is equipped with marketing communication tools (text messages, email, social networks) and offers up-to-date methods for data processing and reporting.
Digital wallets allow making payments using a financial product in a simple, secure and convenient manner. Get thorough analysis of digital wallets or e wallets in india. For more on digital wallet or payment system visit https://www.sesameindia.com/digital-payment-solution-eVillage
A customized mobile wallet app offers many benefits. Here are some of the top benefits that make the mobile wallet app a robust and reliable digital payment solution. Let’s connect to discuss the scope of a wallet app.
This document discusses e-wallets and how they can enhance multi-level marketing (MLM) software. It defines an e-wallet as a secure way to store payment information to streamline transactions. Integrating e-wallets with MLM software allows for speedy, safe transactions when purchasing or selling products. E-wallets facilitate cash-in processes like commissions and bonuses as well as cash-out processes like withdrawals and payments. The document also describes the e-wallet features provided by the MLM software company Ventaforce, including separate login credentials and a ledger to track transfers.
The document discusses e-wallets, which allow users to store payment and personal information for online transactions. E-wallets make online shopping more convenient by automatically filling in forms. They also aim to facilitate paperless money transfers. Some advantages are ease of use and mobility, while disadvantages include security risks like easy duplication and limited lifetime or acceptance of some e-wallets. Popular e-wallets include Google Wallet, Qpass, and Illium Software. Near Field Communication (NFC) technology allows contactless payments using devices like smartphones. Google Wallet allows in-store purchases using an Android app.
The loyalty platform enables retailers from various consumer markets to build relationships with customers through a united or single-brand loyalty system. The platform provides tools for customers like payment cards, e-money transfers, and rewards for purchases. Merchants can benefit from advertising management, data analytics, and marketing tools to attract new customers, increase sales and retain existing customers. The platform owner provides services to merchants like support, campaign management, and processing of the loyalty program.
In Banking & Lending sector AI has played vital role in transforming the way Banking & lending sector works. The most important factor is to enable the seamless customer experience by enhancing the business processes with low cost.
AI & ML has made it easier for customers to interact with Banking without any problem. Looking to implement AI in your banking & lending businesses, write to layak@artivatic.ai
The document discusses the features and advantages of electronic wallets (e-Wallets). Key features include over 40 years of data retention, encrypted security, compatibility with multiple hardware, unlimited reusability, and inclusion of multiple card features in a single card. Advantages of e-Wallets are ease of use, accessibility, flexibility, safety, and control compared to traditional wallets. E-Wallets allow for paperless money transactions.
A digital wallet allows users to store payment and loyalty card information electronically rather than physically. It authenticates users and facilitates contactless payment using technologies like near field communication (NFC). Digital wallets provide advantages over physical wallets like convenience, flexibility, and safety. While systems issues, security concerns, and user experience challenges remain, major companies are developing digital wallet applications that can be used to pay at retail locations and transfer funds between individuals.
Kona Pay is a new payment platform that aims to converge multiple payment factors including various form factors, provisioning modes, payment modes, and security measures onto a single payment platform. It allows for payments using plastic cards, mobile wallets, and other methods on both in-store and online/mobile channels. Developing Kona Pay presented challenges in adapting to new specifications from payment brands, meeting tight deadlines, ensuring code quality, and effective collaboration across distributed teams.
Securter Systems is developing a payment system to help online merchants reduce payment fraud and false declines. Their solution will incorporate EMV payment technology to securely allow cardholders to tap credit or debit cards onto phones. This mimics physical card presence and is patent-pending. Securter will also provide artificial intelligence and machine learning tools to analyze risks. Their revenue model includes partnership with online commerce platforms and payment processors. The goal is to acquire early adopter customers in 2023 and expand from there through integrations and strategic partnerships.
American Banker Executive Summary - Digital TrustBenjamin Wyrick
Banks are undergoing a digital transformation that is eroding customer trust, so building digital trust is critical. Digital trust can be achieved through balancing customer experience and security across trusted people, devices, channels and transactions. The VASCO Digital Trust Platform establishes continuous trust through identity proofing, device binding, app security, authentication and transaction management that secures users and activities while providing convenience. Maintaining digital trust throughout the customer journey is key to banks' success in competing in the digital world.
The document discusses digital wallets, which allow users to make electronic payments by storing virtual versions of payment cards on their mobile phones. A digital wallet works by securely storing users' payment information and card details within a software component on their device. It aims to simplify online and in-person payments by automatically filling in payment details during transactions. The digital wallet offers advantages like consolidating multiple payment and loyalty cards in one place and helping users maximize rewards earned from purchases. However, challenges remain around securely storing digital cash and ensuring digital wallet systems are fast, easy to use, and accurate.
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
In the past, we had used natural money (such: nuts, leaf). In 650 B.C, precious metal money was the mainly currency. After that, in 1700s A.D, we have transferred to paper money like US Dollar, Euro and now, we are using card replace for traditional cash. The currency revolution doesn’t stop there, we're going to use our smartphone instead of card, metal money, cash, loyalty card. That's called Digital Wallet (also known as E-Wallet)
Microgifting service that makes possible to send gift certificates instantly in real time via sms, email or push and exchange them in online or offline store on real goods.
We propose 3 solutions for business:
- for merchants: widget on web-site and mobile app with integrated payment tool, where users can buy and send gift cards.
- for manufactures, banks and retailers: reward's service with instant mass-sending gifts to any number of customers, it’s fast, simple and inexpensive. Possibility to make promo campaign on web-site with automatic sending gifts via API.
- for end users: integrated mobile wallet solution in mobile app, where users can easily send each other different gifts like coffee or pizza instead of "smiles" to say "Good morning", "Thank you" or "Sorry". Platform allows to pay in one click, choose a recipient from the phone book, keep gift certificates in wallet etc.
BRANDED & INTEGRATED
Fully branded to your specifications, so the customer experience is custom and seamless. Design your own gift cards and brand your purchase engine.
DESKTOP OR MOBILE
Your customers can purchase mGift Cards on their phone or through a branded purchase engine embedded on your website.
PROMOTIONAL GIFTING
Send promotional gift cards directly to your customers’ phones through our merchant dashboard.
TRACK GIFTS
Track all aspects of your program. When gifts were sent, when they were redeemed, who sent gifts, etc.
WIDGET FOR WEBSITE AND MOBILE APP
B2C REWARD PRODUCT
www.walletfactory.eu
www.mgift.pro
The document is a presentation for a mobile wallet platform called mWallet. It describes mWallet as a mobile platform that turns smartphones into powerful payment and loyalty tools. Key features of mWallet include peer-to-peer payments, one-click payments for goods and services both online and offline using QR codes or NFC, linking of payment cards, and consolidation of loyalty programs. Use cases for mWallet include payments for goods from TV ads or product packaging by scanning a QR code, mobile commerce, online payments, and offline payments in stores using NFC. The presentation promotes mWallet's functionality for producers, service companies, and customers.
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
Wallet Factory platform is a constructor for a wide range of use cases:
- Launching digital banking for traditional banks and credit unions (white-label mobile and web apps and integration with banking core system);
- Enabling extra revenue sources for telecom operators, e.g. P2P, service catalogues, money transfers etc. (e-wallet processing and a mobile app);
- Setting up loyalty\payments system for retailers etc. (e-wallet processing and mobile app, alongside with the loyalty platform).
A digital wallet allows users to make electronic payments by storing payment information and identifying credentials securely on their device or online. It hides the complexity of payment processing from the user and can manage multiple payment options and IDs from one place. Digital wallets are either client-based software installed on a user's device or server-based where a company maintains the wallet information online. Both provide convenience for users and benefits for merchants through automated forms and payment processing. Emerging technologies like near-field communication enable new ways for digital wallets to securely complete transactions wirelessly.
Suraj Pratap presented on mobile wallet security. He discussed statistics on mobile wallet usage in India and common brands. Mobile wallets allow contactless payments through apps as an alternative to cash or credit cards. While wallets aim to securely store payment information, common security issues include stolen devices accessing funds, lack of two-factor authentication, and man-in-the-middle attacks intercepting wireless transfers. Suraj analyzed the security measures of major wallets and reported that several had experienced bugs, though typically with limited user impact. He concluded by taking questions on adopting mobile wallets given ongoing security challenges.
Mobile Banking Security Risks and Consequences iovation2015TransUnion
This document discusses mobile banking security risks and consequences. It begins with an overview of how identity can be viewed from the perspectives of the user, attributes, devices, and mobile devices. It then covers evolving guidance from FFIEC on layered security, challenges in assessing risk from transactions, and maturity of mobile banking features. The document argues that updated guidance is needed to address capabilities of mobile banking, big data analytics, and fraud management since the last update in 2011.
The system is based on remunerating the customers for action (purchasing the good or service) in the merchant’s point of sale or in the network of the loyalty program participants. The remuneration is credited as a bonus to the customer account via e-money or points. The platform can be used for the purposes of a specific retailer or for independent operator to enter the market. The system is equipped with marketing communication tools (text messages, email, social networks) and offers up-to-date methods for data processing and reporting.
Digital wallets allow making payments using a financial product in a simple, secure and convenient manner. Get thorough analysis of digital wallets or e wallets in india. For more on digital wallet or payment system visit https://www.sesameindia.com/digital-payment-solution-eVillage
A customized mobile wallet app offers many benefits. Here are some of the top benefits that make the mobile wallet app a robust and reliable digital payment solution. Let’s connect to discuss the scope of a wallet app.
This document discusses e-wallets and how they can enhance multi-level marketing (MLM) software. It defines an e-wallet as a secure way to store payment information to streamline transactions. Integrating e-wallets with MLM software allows for speedy, safe transactions when purchasing or selling products. E-wallets facilitate cash-in processes like commissions and bonuses as well as cash-out processes like withdrawals and payments. The document also describes the e-wallet features provided by the MLM software company Ventaforce, including separate login credentials and a ledger to track transfers.
The document discusses e-wallets, which allow users to store payment and personal information for online transactions. E-wallets make online shopping more convenient by automatically filling in forms. They also aim to facilitate paperless money transfers. Some advantages are ease of use and mobility, while disadvantages include security risks like easy duplication and limited lifetime or acceptance of some e-wallets. Popular e-wallets include Google Wallet, Qpass, and Illium Software. Near Field Communication (NFC) technology allows contactless payments using devices like smartphones. Google Wallet allows in-store purchases using an Android app.
The loyalty platform enables retailers from various consumer markets to build relationships with customers through a united or single-brand loyalty system. The platform provides tools for customers like payment cards, e-money transfers, and rewards for purchases. Merchants can benefit from advertising management, data analytics, and marketing tools to attract new customers, increase sales and retain existing customers. The platform owner provides services to merchants like support, campaign management, and processing of the loyalty program.
In Banking & Lending sector AI has played vital role in transforming the way Banking & lending sector works. The most important factor is to enable the seamless customer experience by enhancing the business processes with low cost.
AI & ML has made it easier for customers to interact with Banking without any problem. Looking to implement AI in your banking & lending businesses, write to layak@artivatic.ai
The document discusses the features and advantages of electronic wallets (e-Wallets). Key features include over 40 years of data retention, encrypted security, compatibility with multiple hardware, unlimited reusability, and inclusion of multiple card features in a single card. Advantages of e-Wallets are ease of use, accessibility, flexibility, safety, and control compared to traditional wallets. E-Wallets allow for paperless money transactions.
A digital wallet allows users to store payment and loyalty card information electronically rather than physically. It authenticates users and facilitates contactless payment using technologies like near field communication (NFC). Digital wallets provide advantages over physical wallets like convenience, flexibility, and safety. While systems issues, security concerns, and user experience challenges remain, major companies are developing digital wallet applications that can be used to pay at retail locations and transfer funds between individuals.
Kona Pay is a new payment platform that aims to converge multiple payment factors including various form factors, provisioning modes, payment modes, and security measures onto a single payment platform. It allows for payments using plastic cards, mobile wallets, and other methods on both in-store and online/mobile channels. Developing Kona Pay presented challenges in adapting to new specifications from payment brands, meeting tight deadlines, ensuring code quality, and effective collaboration across distributed teams.
Securter Systems is developing a payment system to help online merchants reduce payment fraud and false declines. Their solution will incorporate EMV payment technology to securely allow cardholders to tap credit or debit cards onto phones. This mimics physical card presence and is patent-pending. Securter will also provide artificial intelligence and machine learning tools to analyze risks. Their revenue model includes partnership with online commerce platforms and payment processors. The goal is to acquire early adopter customers in 2023 and expand from there through integrations and strategic partnerships.
American Banker Executive Summary - Digital TrustBenjamin Wyrick
Banks are undergoing a digital transformation that is eroding customer trust, so building digital trust is critical. Digital trust can be achieved through balancing customer experience and security across trusted people, devices, channels and transactions. The VASCO Digital Trust Platform establishes continuous trust through identity proofing, device binding, app security, authentication and transaction management that secures users and activities while providing convenience. Maintaining digital trust throughout the customer journey is key to banks' success in competing in the digital world.
Webinar Deck: Building Customer Relationships in an Omni-Channel WorldEnsighten
“Building Customer Relationships in an Omni-Channel World”
Connecting the dots in an omni-channel world is a challenge that makes it difficult for brands to form meaningful relationships with their customers. A lack of visibility across channels results in broken customer journeys which undermine efforts to cultivate exceptional brand loyalty. In this webinar we will discuss how to connect the dots so you can focus on optimizing for people, rather than channels.
This webinar will cover:
-Creating robust customer profiles through first party data
-Managing the balance between demographic and real-time data
-Acting on customer insights
-Measuring the impact of a personalized customer journey
SPEAKERS: Rick Weithas, Director of Product Marketing, Ensighten & Jared Polidoro, VP of Client Services, Maxymiser
InsureQlik offers a cloud-based insurance broker software platform that provides customers with a single system to manage all aspects of their business, including customer portal, mobile apps, billing, analytics, quotes, HR/payroll, and CRM. The software aims to help brokers compete in today's digital insurance market by streamlining operations and providing tools for sales, underwriting, claims, and risk management. InsureQlik has offices worldwide and claims its software offers easier, smoother workflows for insurance brokers of all sizes.
This document provides an overview of Nxt-ID's mobile security technologies and growth strategy. Nxt-ID has developed biometric authentication and dynamic pairing technologies to securely transmit payment and identity data from devices like smart wallets and smartphones. Their Wocket smart wallet works on all POS terminals and can hold up to 10,000 cards/records with biometric access. Nxt-ID plans to launch Wocket in 2014 and introduce additional features in 2015-2016 like encrypted "wocket numbers" and peer-to-peer payments. They believe this technology can revolutionize the wallet industry and have a large market opportunity given rising identity theft and data breaches. The management team has experience in biometrics, cryptography and growing technology companies
InsureQlik provides a break through to make a partnership arrangement. We offer you a specific tool insurance broker software that let you go hand in hand with the insurers who are looking for thrilling ways to grow and become successful.
This document discusses mobile and digital innovation in loyalty programs. It highlights that loyalty programs need to think about what they can do for customers, not to them. Effective programs provide exciting, engaging experiences and use customer data responsibly to make interactions relevant. Loyalty programs also need to be adaptive to address increased marketing noise, complexity in data and channels. Mobile is increasingly important for reaching millennials, though privacy and security are still concerns. The document outlines solutions from Aimia to help programs create valuable, personalized experiences through technology like real-time integration, data-driven interactions and bringing together customer insights.
Webcast Presentation - What's in your (e) Wallet? Transforming payments and t...GRUC
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Presented by:
Bruce Baron, Financial Services Sector Offerings Leader, IBM
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Peter Eeles, Financial Services Sector Industry Lead, IBM Rational Worldwide Tiger Team, IBM
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Digital Wallet Technology is most often preferred by smartphones. The reason for this is the comfort of performing our transactions at any time from our smartphones, which are always with us.
We’ve asked customers and partners, spoken to industry experts and made our own conclusions and predictions to help financial organisations succeed in mobile
in 2015.
Who are the mobile innovators and disruptors of the financial industry? How will banks tackle mobile security threats in 2015? What will Apple Pay mean for the financial institutions? What’s the regulatory impact of new mobile technology such as wearables? How do financial institutions stay on top of mobile technology with an accelerated pace of innovation? How much longer will employees of financial firms be tied to a desktop? You'll find the answers in this presentation.
PSFK Presents the Future of Digital Safety & SecurityPSFK
Get the Future of Digital Safety and Security: www.psfk.com/report/future-digital-safety-security
As the importance of digital life grows, so too does the risk of having personal data breached, mismanaged or stolen. This is particularly important in the payments space, where forward thinking companies are developing new ways to protect the safety, security, and privacy of their consumers, and offering greater controls and transparency around personal information to foster trust in both the digital and physical world.
The Future of Digital Safety and Security is a guidebook created by PSFK Labs in partnership with MasterCard in an effort to explore the key issues consumers are facing in the world of digital safety and security. The goal is to give consumers a look at important developing trends in this space, and to provide actionable ideas people can take to stay one step ahead of the curve.
Featured within the 40+ page report, readers can find:
- 9 ways companies are making digital life more secure
- 8 core needs for the modern consumer
- Unique user scenarios built around the newest trends
- Perspectives from leading security experts across the globe
If you are interested in seeing a presentation of this report or would like to understand how PSFK can help your team ideate new possibilities for your brand, contact us at sales@psfk.com
Ver. 1 | Published October 2015
All rights reserved. No parts of this publication may be reproduced without the written permission of PSFK Labs.
#IBMInsight session presentation "Mitigate Risk, Combat Fraud and Financial Crimes"
The Issue of fraud, challenges, fighting fraud as an enterprise endeavor, IBM Smarter counter fraud framework and IBM Counter Fraud business services
More at ibm.biz/BdEPRH
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Similar to UPK - Universal Pass Key General Overview (20)
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Nehmen Sie an diesem Webinar teil, bei dem HCL-Ambassador Marc Thomas und Gastredner Franz Walder Ihnen diese neue Welt näherbringen. Es vermittelt Ihnen die Tools und das Know-how, um den Überblick zu bewahren. Sie werden in der Lage sein, Ihre Kosten durch eine optimierte Domino-Konfiguration zu reduzieren und auch in Zukunft gering zu halten.
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4. SSlliiddee 44
Table of Contents
11 Company Overview
22 Impact of Payment Fraud
33 Consumers Are Ready to Fight Fraud
44 UPK Solution
55 UPK Benefits/Features
66 Real World Examples
77
88 Competitive Advantage
Re-branding the UPK Solution
99 Technical Process
6. Universal Pass Key, the product division of Rhode Island-based World Pass Key Inc., founded in
2011, developed the first-ever consumer-driven fraud mitigation technology for a broad range of
account types. The solution allows an individual to lock and unlock their accounts (credit, debit,
prepaid, private label and voucher cards, gaming, online retail bank account, e-commerce and
auction, etc.) in real time or on a scheduled basis with a push of a button on their Smartphone or
through text message from a feature phone.
The patent-pending technology seamlessly interfaces with a host’s operating platform (both
legacy and state-of-the-art systems) to provide secure, seamless functionality without having any
private customer data pass outside their secure, self-contained environment. Borne out of a
program that was used to secure highly sensitive military data around the globe, UPK’s interface
solution is the most powerful way to secure an individual’s accounts and personal identity from
hacking and theft. It is scalable for organizations of any size, in nearly every industry vertical,
globally, and can be deployed on any type of smart and feature phone.
In 2013, we established a presence in Sao Paulo as a result of the marketplace's receptivity to
new innovative solutions which not only make their operations more efficient, but also give
customers much greater comfort and confidence in on-line commerce. Our global growth will
continue in 2014 and beyond under the guidance of highly seasoned management and strategic
advisors on the board of directors.
SSlliiddee 66
Universal Pass Key
Who Are We?
Rhode Island
Brazil
Dubai
India
8. SSlliiddee 88
unknown
The Global Impact of Fraud
It’s not a question of if – but when – your organization
will experience a serious security breach.
The average total organizational cost of data
breach over two years (US$ millions)
*Data not available for FY 2013
Source: Ponemon Institute, LLC. “Cost of Data Breach Study: Global Analysis.”
145,000,000
240,000
12,367,232
70,000,000
6,000,000
22,000,000
4,000,000
unknown
7,000,000
9. SSlliiddee 99
The Global Impact of Fraud
Average post data breach costs
Source: Ponemon Institute, LLC. “Cost of Data Breach Study: Global Analysis.”
10. SSlliiddee 1100
Bank Fraud by Region
North America
$8.0 Billion
Latin America
$2.0 Billion
Europe
$4.2 Billion
Asia Pacific
$1.0 Billion
12. SSlliiddee 1122
Consumer Awareness and Behavior
Source: 2014 TSYS Report on
Consumer Payment Choices
As a result of growing rates of fraud and identity theft as
well as the resulting frustrations of feeling violated and
incurring financial loss, consumers are tired and nervous...
…and ready to play a much more active role
“I am very aware of recent breach incidents;
they’re all over the news.”
Aware of recent
incidents
Heard about it
through media coverage
“I’m concerned… and I may
change the way I shop.”
Concerned about
their data being
stolen in the
future
Indicated they had
changed their
shopping behavior
13. SSlliiddee 1133
Consumer Willingness to be Involved
Source: 2014 TSYS Report on
Consumer Payment Choices
they should play a
role in protecting
themselves.
they were willing
to pay for added
security features.
14. Source: 2014 TSYS Report on
Consumer Payment Choices
Consumers WANT the UPK Solution to
feel more comfortable…
SSlliiddee 1144
Empowering Consumers To Fight Fraud
The ability to store government
identification (Example: Driver's License)
The ability to use your bank's mobile app to
change the PIN for your debit or credit car
The ability to pay with my phone at
the point of sale
The ability to instantly transfer money to another person, such
as a family member or friend, through your mobile phone
The ability to use your phone to temporally block
and unblock all purchases on your card
Receive instant offers and promotions for the
store you are visiting
The ability to hold all your loyalty/rewards cards on the
phone so you can present the right one at the checkout
Instantly view transactions made with
your debit or credit cards
The ability to use your phone to instantly stop
a transaction that was not made by you
47%
16. SSlliiddee 1166
What is Universal Pass Key UPK?
First-ever consumer driven fraud mitigation technology
UPK is a solution that allows an individual to lock and unlock their personal accounts, deployable across a broad range of industries:
Credit cards, debit cards,
on-line bank accounts,
prepaid, gift cards
On-line commerce
accounts (i.e. PayPal)
Meal vouchers, fleet
cards, gas cards
On-line, interactive gaming
accounts (i.e. PlayStation)
On-line Gambling accounts
(i.e. BetWin, Party Gaming)
Airline/hotel mileage/loyalty
- online/card accounts
17. Innovative technological solution
to fraud prevention
SSlliiddee 1177
Individuals can lock and unlock their accounts in real-time or set an
automatic schedule in the future through any Smartphone, desktop
computer or other mobile device.
Our solution works with all Smartphone and tablet operating systems
(Android, Apple, Windows and Blackberry) as well as with feature phones.
The technology seamlessly interfaces with a host’s operating platform (both
legacy and state-of-the-art systems) to provide secure, seamless functionality
without having any private customer data pass outside their secure, self-contained
environment.
Accounts can also be locked/unlocked through use of:
Web-based password SMS
Touch tone automatic dial-in Call Center
What is Universal Pass Key UPK?
19. SSlliiddee 1199
For Corporate Clients
Benefits of UPK
• Engages customers to become active participants in the fight against fraud
• Reduced costs to implement versus EMV chip
• Complement to existing fraud prevention tools/products offerings to clients
• Easy to integrate with business partners systems (core, legacy or state-of-the-art)
• Can be marketed as a paid value added card feature, and become a source of
revenue (similar to “ Lost & Stolen” service offerings that are offered to
cardholders)
• Potential reduction in operational/systems costs
• Results in fewer calls to call center to report loss/stolen cards
• Can be fully integrated into business partner’s mobile strategy and/or home
banking app offering to their customers
• Will not interfere with transaction processing times
• Sensitive customer data is never passed to WPK. All information remains in the
bank/processor eco system.
• Will not disrupt scheduled recurring payments.
20. • Reduces consumer “fear” related to fraud while utilizing their cards for online and
offline purchases and transactions
• Empowers them to have more control over who accesses their accounts
• Ability to set convenient, fully customized card parameters, allowing cards to be
locked based on: defined transaction value, MCC, chip vs. non-chip, specified
times or dates, among others features
• Perceived added value of paying for “lost & found,” “card stolen” card features
SSlliiddee 2200
For Customers
Benefits of UPK
22. SSlliiddee 2222
UPK is easy as 1 2 3
Once the UPK security application is
activated, the accountholder now has
complete control over access to their
account as well as any sub-accounts within
the same household.
Our solution works with all smartphone and tablet operating systems (Android,
Apple, Windows and Blackberry) as well as with feature phones.
23. SSlliiddee 2233
UPK Advantage
Set Maximum Per Transaction Limit
Lock & Unlock Based on Date Range
Lock & Unlock Based on Time Range
SMS Functionality
Globally Deployed/Multi-Language
Merchant Category Code (MCC) Blocking¹
Geographic Fencing¹
Operating Systems Supported
System Integration Supported
All 4 Platforms
Available API’s
¹ UPK scheduled on next release Dec 2014
Card Account Lock & Unlock
Household Level
Subaccount Level
24. SSlliiddee 2244
Process
Unlock
START END
Pay
Customer gives unlocked
card to cashier so the
transaction can be
processed
Block
Cardholder re-locks their
account by pushing a button
on the UPK app or sending
an SMS.
Merchant processes the
transaction which is
authorized
Customer unlocks card
before making payment for
purchases
1
2
3
4
Scenario 1 – Primary Account Control Through Your Smartphone
1 Additional parameters can be set according to value, geography, dates, timeframes etc. to avoid the need to manually turn on/off card at every transactions (e.g. all transactions under $50 or made within one
mile of home address will be automatically allowed)
25. SSlliiddee 2255
1 2 3
Time-Based
Unblocking
Thru website interface, card
holder sets up time range
for card availability
Transaction
Online or In-Store
purchases will only be
processed during a certain
period of time
Self-Locking
Card will automatically
relock once the
programmed time expires
Scenario 2 – Web-Based Controls Offer Same Account Functionality
26. SSlliiddee 2266
Scenario 3 – Timed Account Access and Sub-Account Control
Billy is away at college and uses Mom’s credit card for emergencies. Billy needs to buy books for classes.
1 2 3
Unlocking the card
Mom unlocks Billy’s card from
home (or from her
Smartphone)
Spend
Billy is away at college and
uses Mom’s credit card for
emergencies. Billy needs to
buy books for classes.
Re-locking the card
Once he’s done, she locks the card again (or she
can set a specific amount of time for the card to
remain unlocked after which time it will
automatically re-lock).
27. SSlliiddee 2277
1 2 3
Unlocking for
Gaming Time Kids can access portals
Parent sets controls to
allow access for a specified
period of time
Play
and digital signatures within
the programmed time
Self-Locking
Portal automatically shuts
down once time expires.
Back to homework!
Scenario 4 – Other Potential Applications for UPK
Peter and Jeremy are at home from school. The babysitter is known to be a little lax on the rules for video game playing. Mom tells the kids they can play Xbox Live for half an
hour. From her Smartphone, she unlocks the Xbox Live account and sets it to relock after 30 minutes. Once locked, the kids can't get back online.
29. SSlliiddee 2299
Competitive Advantage
UPK software resides on the issuer’s/processor’s
operating systems
Private accountholder data is never passed to UPK
All data remains within the banking eco-system
UPK supplements—rather than replaces—existing
fraud mitigation tools utilized by the issuer
Fully scalable for small and large customer
portfolios
Software was designed for easy integration into existing legacy
or state-of-the-art systems, without slowing transaction speeds
Best available solution with
performance in real time
31. SSlliiddee 3311
Re-branding the UPK Solution
Acme Bank’s website
UPK can easily reformat and re-skin the solution to
echo your branding footprint. We recognize that your
customers are loyal to you and we want them to feel
even more empowered being your customer.
32. SSlliiddee 3322
Re-branding the UPK Solution
The UPK solution can either be a stand alone app to be offered to your
customers through the Bank’s website or we can integrate the solution into
an already active banking app as a new feature/function.
Cardholders now have complete control
of their accounts through the Acme
Bank Account Control App.
Acme Bank’s website
34. SSlliiddee 3344
API Integration
Universal Pass Key has invested significant time and
resources into its core technology to ensure that the
Company’s offering to the global marketplace is superior to
the competition in order to drive issuer, merchant and
consumer demand of our fraud solution in the safest and
most secure way possible.
Online Transaction check API (card status – lock/unlock)
Online database check (check if cards are in synch
with client database – active/inactive)
Bulk Upload service (Windows Service)
SSO - Single sign on (integration of UPK website to Client site)
Mobile API integration
SMS API integration
ISO 8583 compliant
35. SSlliiddee 335
How the Process Works
Client Web Services Client Servers for credit
cards,
Websites, games, etc.
When a new account is setup by the
user, the information is sent to the
client’s webservices servers
A flag is sent to the client’s
servers indicating that UPK
account has been activated
Data is sent using proprietary protocol
Authenticate with a Internet SMS Gateway
cellphone app, web portal or landline phone SMS text message
Internet
If the UPK account is activated
the service or transaction can be
completed, otherwise the service
or transaction will be denied.
Website
Login
Gaming POS
Transaction
36. SSlliiddee 3366
Thank You!
For more information
Sales
North America: Jonathan C. Marcus, jmarcus@wpkgroup.com
Latin America: Francisco Figueiredo, ffigueiredo@wpkgroup.com
Europe / Asia: Mike Dodier, mdodier@wpkgroup.com
MENA: Mat Zalk, mat.zalk@currussolutions.me