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
2. Mobile Payments
QR code payments
2
http://www.pressherald.com/2014/09/14/apple-pay-getting-a-run-for-its-money/
http://www.accucode.com/apple-pay-best-solution-retailers/#.VEdID1ckS7E
3. Compare to others
• Secure PKI QR code contains
–
Not only an URL NNNooottt ooonnnlllyyy aaannn UUURRRLLL oooorrrr aaaannnn IIIIDDDD////OOOOTTTTPPPP sssshhhhoooorrrrtttt ccccooooddddeeee –
Date:2014/10/02
Time:11:50
Amount: US$25
OTP
Consumer’s
Digital Signature
Patented O2O Payment
technology
– BBBBuuuutttt aaaallllssssoooo tttthhhheeee 3
ttttrrrraaaannnnssssaaaaccccttttiiiioooonnnn ddddaaaattttaaaa wwwwiiiitttthhhh ddddiiiiggggiiiittttaaaallll ssssiiiiggggnnnnaaaattttuuuurrrreeee
NNAAAANNuuuuoooottttnnnnhhhh----eeeerrrreeeennnnppppttttiiiiuuuuccccddaaddaaiittiittaaaaiiiioooottttiinniinnoooo,,,,nnnn IIII nnnnsssstttteeeeeeeeccccgggguuuurrrriiiirrrrtttteeeeyyyy ,,,,tttt rrrrCCCCaaaaoooonnnnnnnnssssffffaaaaiiiiddddcccceeeettttiiiinnnnoooottttnnnniiiiaaaalllliiiittttyyyy aaaannnndddd
4. QR code Offline Payment
Before Mobile
4
Out-of-band
authentication
HHHHaaaannnnddddwwwwrrrriiiittttiiiinnnngggg
ssssiiiiggggnnnnaaaattttuuuurrrreeee
Most of the QR payment is not digital
signed and user must be online
Card can
be Cloned
Merchant
cannot clone
any card !
Sign a Credit
card e-Check
Merchant scan it
5. Offline Payment Process
Consumer Merchant
1.Select Virtual credit card
2.Enter the amount
3.Input PIN to make a digital signature
4.Generate a QR code
5
5.Scan the QR code
6.Make a Digital Signature
7.Connect to Payment Gateway
Date:2014/10/02
Time:11:50
Amount: US$25
OTP
Consumer’s
Digital Signature
Merchant
cannot clone
any card !
6. QR code Online Payment
Online Shopping
Card Not Present Transaction
Before Mobile
Secure !
6
User scan the QR code and make a digital
signature to confirm the payment
Input Credit Card data
Card Number + Expiration Date + CVV
Dual Channels Two Factors
digital signed transaction Risky !
7. Online Payment Process
7
Consumer
3.User scan the checkout QR code
4.Select virtual credit card
5.Input PIN code to confirm the
payment
Merchant
1.Merchant prepare the
checkout data
2.Merchant make a Digital
Signed Checkout QR code on
the screen
Date:2014/10/02
Time:11:50
Amount: US$1,193
OTP
Merchant’s Digital
Signature
8. The Differences
Traditional Payment &
QR code Payment
Weak Strong
8
AAAAuuuutttthhhhoooorrrriiiizzzzaaaattttiiiioooonnnn
jrsys
QR code Payment
DDDDaaaattttaaaa
URL or a short ID/OTP
code
Digital Signed Transaction
data and OTP
AAAAuuuutttthhhheeeennnnttttiiiiccccaaaattttiiiioooonnnn
Weak Strong
EEEEnnnnccccrrrryyyyppppttttiiiioooonnnn
Weak Strong
NNNNoooonnnn-rrrreeeeppppuuuuddddiiiiaaaattttiiiioooonnnn
No Yes
Merchant can get Credit
Card data
CCCCrrrreeeeddddiiiitttt CCCCaaaarrrrdddd DDDDaaaattttaaaa
Encrypted & Merchant
cannot get it
9. Secure Tokenization Payment
9
No credit card
number store in
the eWallet
3rd party cannot
get consumer’s
Credit Card Data
All transaction is
confirmed by
digital signatures
10. 10
e-Wallet
NFC MicroSD
Bank A
Bank B
Credit Card
Bank C
Bank D
Debit Cards
Bank A
Bank E
Loyalty card
McDonald Card
Burger King Card
Transportation Card
Subway Card
Railway Card
QR Shopping
LBS Promotion
14. Within 4 years
Gained 2 U.S. Patents
5 Taiwan Patents
14
15. Worldwide Awards
One of the 7 innovative ideas to provide
greater access to financial services from 98
best ideas of 26 countries
BY: MIF, IDB, CAF and GSMA
2012 ASIA PKI
Innovation Award
2012 Mobile Money
Innovation AAAAPPPPIIIICCCCTTTTAAAA AAAAwwwwaaaarrrrdddd 2222000011113333 Award SSSSeeeeccccuuuurrrriiiittttyyyy CCCCaaaatttteeeeggggoooorrrriiiieeeessss 15