current internet infrastructure: http://www.garlic.com/~lynn/aadsm5.htm#asrn2 Assurance, e-commerce, and some x9.59 ... fyi http://www.garlic.com/~lynn/aadsm5.htm#asrn3 Assurance, e-commerce, and some x9.59 ... fyi
financial standards body standard for all electronic payment types (credit, debit ach, atm, e-check, etc) in all environments (internet, point-of-sale, non-internet, etc): http://www.garlic.com/~lynn/index.html#x959 the requirement given the x9a10 working group for x9.59 standard was to preserve the integrity of financial infrastructure for all electronic payments without encryption (i.e. can have digital signatures or other method for data integrity, but not necessary to encrypt the data). realted is the NACHA atm trials http://www.garlic.com/~lynn/index.html#aads the aads chip strawman (at the above reference) has a booth at cardtech/securetech next week in New Orleans. Sean Owens <sowens@euronetworl To: "'[EMAIL PROTECTED]'" dwide.com> <[EMAIL PROTECTED]>, Anders Rundgren <[EMAIL PROTECTED]>, 04/19/2002 06:26 AM internet-payments <[EMAIL PROTECTED]> cc: "'[EMAIL PROTECTED]'" <[EMAIL PROTECTED]> Subject: RE: Basic credit-card payment question Kevin, Interesting Scheme. Actually, from a transaction perspective, and Cardholder Authentication, wouldn't it make sense to utilize a cardholder verification scheme, comparable to Card swipe, that effectively proves the card was on premise, and utilized by the cardholder. Effectively, we're looking for a way to decrease processing fee's. The card orgs up the Discount % a merchant pays for MOTO transactions, since eCommerce trans, are acquired as MOTO (more oft than not), then fee's are the issue. Other than CVV2/CVC2 verification on MOTO trans, what other form of Cardholder authentication can be utilized to verify validity. The eWallet idea, is comparable to Virtual Cards. What if, with your issuer from an online standpoint, payment could be initiated electronically, via an Internet Banking scheme, for Authorization. Effectively, when I want to perform and eCommerce tran, I log onto my Bank, and initiate the payment, immediately from the Issuer to the Acquirer. All Cardholder authentication is handled by the ISSUER, verification is not needed from the Acquirer. This could follow an eWallet structure for authentication and card selection and tran processing. Sean Owens Euronet Worldwide 1027 Budapest 14-24 Horvat Utca HUNGARY Phone +36 1 224 1626 Mobile: +36 20 932 1635 -----Original Message----- From: Kevin James Vella [mailto:[EMAIL PROTECTED]] Sent: Friday, April 19, 2002 1:42 PM To: Anders Rundgren; internet-payments Subject: RE: Basic credit-card payment question not really terrific from a convenience point of view as that would mean the end of our forum!!!! An idea can include minimising the number of merchants - in other words the credit cards of this world would have an ewallet company in each and every country and the card holder pays the ewallet company and uses his ewallet to buy on-line. The online shops need not be online with the card schemes just with the ewallet company to check funds. this might probably be better from a chargeback and security point of view..... kev Kevin J. Vella International Business Development e-shore - Terranet Limited http://www.e-shore.net <http://www.e-shore.net> e. [EMAIL PROTECTED] <mailto:[EMAIL PROTECTED]> t. +356 21 489400 m. +356 7985 0000 f. +356 21 489600 Other Company Websites: http://www.e-shore.com.mt <http://www.e-shore.com.mt/> http://www.di-ve.com <http://www.di-ve.com/> http://www.terranet.com.mt <http://www.terranet.com.mt/> http://www.maltanet.net Postal Address: Dolphin Centre, Main Street, Balzan, Malta (GC) BZN 08 -----Original Message----- From: Anders Rundgren [mailto:[EMAIL PROTECTED]] Sent: 19 April 2002 12:28 To: internet-payments Subject: Basic credit-card payment question The common way to perform credit-card transactions is that the merchant initiates the payment with the help of the customers' card (data). Do credit-card enabled merchants have any possible way to receive money through the credit-card networks through an off-line operation performed by the customer though his/her issuer? I.e. an account-to-account transaction run in the other direction? That would be terrific! Anders
