Securing Mobile Payments

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International corporate VP and E RADAR trustee Simon Cattlin looks at the nature of electronic contracts. This includes identifying and authenticating the parties as well as securing the electronic contract around a confidential framework which has integrity. Mobile payments form part of the 'consideration' in any mobile commerce transaction.

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Securing Mobile Payments

  1. 1. Simon Cattlin Securing Mobile Payments IOCS, 2013 – Confidential
  2. 2. What’s the background – – – – UK economic need UK/EU regulatory and legal requirements Consumer behaviour Technology adoption IOCS, 2013 – Confidential
  3. 3. The technology heritage Silanis eBay Docusign Adobe IOCS Bango Luup Paypal A cast of thousands… Its not about phones – its about digital convergence and straight through processing. IOCS, 2013 – Confidential
  4. 4. 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
  5. 5. Public Sector Adoption IOCS, 2013 – Confidential
  6. 6. Finance Sector Adoption IOCS, 2013 – Confidential
  7. 7. Retail Sector Adoption IOCS, 2013 – Confidential
  8. 8. Complexity E LECTRONIC FULLY–AUTOMATED P H Y S I C A L, S E M I – A U T O M A T E D • CLIENT VALUE • • • • COST D A Y S • • • • • • • • Print Postage Admin Errors Scanning Delivery Storage COMPLIANCE • • • Onerous ID process Admin overhead Delayed execution Sales processes not captured Paper agreements lost CARBON • Increased footprint ROI = 90% reduction2013 – Confidential - cost / time / risk IOCS,
  9. 9. Workflow electronic agreement processing universal application identity checks document generation fraud checks content process electronic signature management orchestration mi /evidence ma n a g e m e n t IOCS, 2013 – Confidential vaulting / delivery
  10. 10. The zone eSign Law UK & EU Technology Consumer Credit Law Get it wrong = PPI +++++ IOCS, 2013 – Confidential
  11. 11. 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 EAdmissibility 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
  12. 12. What do they say? There are… …principles of enforceability IOCS, 2013 – Confidential
  13. 13. 6 Principles of Enforceability 1 2 full ID audit trail 4 3 reproduce exactly what the customer saw 6 5 true copy for customer reproduce exactly what the customer did persuasive evidence: non-repudiable evidence: • simple • non-technical • integrity • unity IOCS, 2013 – Confidential
  14. 14. Example: IOCS-Systems approach: Law First INDEPENDENT IOCS ENVIRONMENT IOCS, 2013 – Confidential
  15. 15. INDEPENDENT IOCS ENVIRONMENT IOCS, 2013 – Confidential
  16. 16. – – – – – – Full ID audit trail What the customer saw What the customer did True copies Practical, persuasive evidence Integrity / unity INDEPENDENT IOCS ENVIRONMENT IOCS, 2013 – Confidential
  17. 17. ID Verification - Big Data IOCS, 2013 – Confidential
  18. 18. Compliance / Accreditation IOCS has a significant advantage in terms of regulatory compliance and legal endorsement: VeriSign Certified Compliant with UK government guidance on e-signature DP Registered: Z2365706 OFT / CCA Compliant PCI Compliant Q413 UK and EU e-Signature Legislation Compliant 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: Malcolm Waters Fred Philpott IOCS platform will transact–£2,000,000,000 in 2013 IOCS, 2013 Confidential
  19. 19. Some useful people to know IOCS-Systems SSLPost Excipere Thankyou - questions IOCS, 2013 – Confidential

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