Presentation to 6 th CACR Information Security Workshop
- Slides: 22
Presentation to 6 th CACR Information Security Workshop November 10, 2000
PRIVACY PROTECTION MADE SIMPLE: How technical design can help you meet your commitment to privacy in the marketplace
w Who and What Is Mondex w When & Where will it be used w How does the Mondex Technology protect privacy of the individual
MONDEX e-cash w An e-cash application on a MULTOS smart card chip w Lockable/re-loadable w chip-to-chip w Instant transfer of value w No POS settlement
MONDEX e-cash w Cash alternative w Limited record on chip w ‘real’ and ‘virtual’ applications w Global /Multi-currency w Entrè to smart card platform
Implementations w Guelph, Ontario - Sept 96 December 98 w Sherbrooke, Quebec - August 99 - and continuing
Mondex in Sherbrooke w Mondex e-cash/Interac debit/client combo card w Bishops University &Champlain College Student/Mondex combo card w $500 card load limit
Mondex in Sherbrooke w w w Physical world load/purchase UPOS Internet load/purchase loyalty Community Access Program
CONSUMER w Convenience w Accessibility w On chip record of recent transactions w Home load w Internet purchases
MERCHANT w Reliable-Off line payment w Higher security w Low transaction cost w Reduced cash handling
FINANCIAL INSTITUTION w Strengthen customer relationships w New financial and commercial partnerships
Future of Smart Cards w Multi-application cards w Canadian chip migration project for payments (Visa/Master. Card /Interac/Mondex) w 7 -10 year time-frame
Privacy and Smart Cards w The reality of smart cards is the carriage of many application and the availability of a large volume of personal data that can be tied to an individual
How does Mondex Protect Privacy w Principles protected: – Limits for collecting personal information – limits for using, disclosing and keeping personal information – keeping personal information accurate – safeguarding personal information
How does Mondex Protect Privacy w Limits for collecting personal information – loads from account – deposits into account – lost transactions
How does Mondex Protect Privacy w Limits for using, disclosing and keeping personal information – safeguard deposits – to re-imburse for non-performance
How does Mondex Protect Privacy w Keeping personal information accurate – load and unload are online – rolling 10 transactions provides exact spend and retailer name
How does Mondex Protect Privacy w Safeguarding personal information – firewalls in Multos - between applications - ITSEC 6 designation – transaction data to retailer is deliberately limited – individual transaction data is not collected by banks - Mondex is an unaudited system
Summary w The unique privacy features of Mondex e-cash were a deliberate design – unaudited – limited transaction information to retailer – specific and limited information collected by FI – accurate rolling record for customer – firewalls between applications
Thank You _______ www. mondex. ca
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