electronic payments and emerging technologies peter honeyman center

electronic payments — and — emerging technologies peter honeyman center for information technology integration

problem statement u u u risk management elevate trustworthiness of electronic payments to “card present” status simple, practical, inexpensive

emerging technologies u computing: moore’s law dictating faster and smaller computers at a constant price u u communications u u u smartcards are the ultimate mobile computer ubiquitous internet wireless data communications biometric identification

smartcards u u u tamper resistant secure key storage and management “personal cryptography assistant”

how can smartcards be applied? u u u secure identification trust platform to do: solve the infrastructure problem

what is this? u u a mobile phone? NO! portable, disposable smartcard reader solves the infrastructure problem

emerging communications technologies u gsm u u cdpd u u u europe now, n. america coming on line europe: gprs, umts japan: i-mode n. america now, will fade from the scene n. a. telecoms don’t “get it” wap u and other futile efforts to occupy this space

the convergence u u pda + mobile phone + bluetooth + smartcard offers opportunity for secure, authenticated payments

biometrics u goal: personal identification u u u fingerprint faceprint retina or iris scan voice recognition questionable technical foundation to date u secrecy abounds

biometrics? u revocation is difficult u u spoofing is easy u u u fingerprints and other durable identifiers fingerprint voice recognition compare to present biometric identification u u signature on paper demeanor of customer

multi-factor identification u combination of methods u u u secure crypto platform biometrics, possibly more than one can this offer risk management comparable to “card present” transaction? u u maybe “data collection yields to pattern recognition” -- m. mcluhan

promoting (and preventing) competition u the wap re-intermediators u u u wap must die internet protocol will be the instrument of its death! open systems u has huge advantages in risk management gsm protocols u french bank card u aes (des replacement) u

next steps u explosive growth in internet deployment application space will continue unabated u u this provides fertile ground for innovation, development, and deployment u u it will continue to accelerate! Subject: MAKE MONEY FAST €omputing + €ommuni€ation$

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