Amol, This is my absolute favorite tech-topic since 4 years back! Don't expect anyone "important" to say something on this as this is simply too hot to handle. The biggest problem is really that we still don't know when the PTD (Personal Trusted Device) will be ready. Such a device would kill the smart-card (in their current form) but not if it takes forever to them on the market.
But PTDs suffer from political problems of a magnitude that few understands the consequences of. There are three players:TeleComOps, Banks and CreditCard networks. Originally TeleComOps thought this was "their" game (and so did the terminal makers), but I think it is more leaning towards the others today. Technically the question is really (using PTDs): Why bother with EMV when an ID does it all? Long-term it would mean that client-based credit-cards (all forms) would dissapear entirely. <Rant> But given the banks' inability to cooperate and work with open standards in _open_ foras, I suspect that solutions will (as now) be all over the map and cost customers a fortune. </Rant> I.e. we will probably use 3D on the net, EMV in the shop etc. But in the US, EMV will never catch on which means that every shop must handle the current system until the PTD takes over. EMV on the Web? I would be very surprised if this happens as 3D is simply a much better idea. Using extensions like .PAY, no client-based credit-card solution even comes close. cheers, Anders ----- Original Message ----- From: "Amol Natu" <[EMAIL PROTECTED]> To: <[EMAIL PROTECTED]>; "'Internet-Payments'" <[EMAIL PROTECTED]> Sent: Sunday, July 28, 2002 09:28 Subject: RE: [3d-secure] 3D Secure and EMV Hi Probably this topic posed by Anders got missed out ... I would like to understand the path that internet payments would take once EMV cards are rolled out. To my knowledge, banks implementing smart cards see no effect on internet payments at this point in time i.e these payments will continue to be non-authenticated and move to 3D secure in due course. Once there is a large mass of smart card holders, would banks go ahead with equipping them with readers ? How would this affect 3D ? Which authentication would prevail ? Any thoughts ... Is the PC industry moving towards having smart card readers as default hardware ... Cheers Amol P.S. can someone send me links to popular EMV related mailing lists ? -----Original Message----- From: Anders Rundgren [mailto:[EMAIL PROTECTED]] Sent: Tuesday, 16 July, 2002 11:08 PM To: [EMAIL PROTECTED]; 'Internet-Payments' Subject: [3d-secure] 3D Secure and EMV It has been mentioned but I cannot find where that 3D Secure and EMV have a future together. Can anyone enlighten me how? In my opinion 3D Secure by using delegated signatures (in contrast to SET's direct signature approach), contributes to eroding the very foundation for EMV. Cheers, Anders Rundgren Info: http://groups.yahoo.com/group/3d-secure/ Unsubscribe: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/ ------------------------ Yahoo! Groups Sponsor ---------------------~--> Will You Find True Love? Will You Meet the One? Free Love Reading by phone! http://us.click.yahoo.com/7dY7FD/R_ZEAA/Ey.GAA/kgFolB/TM ---------------------------------------------------------------------~-> Info: http://groups.yahoo.com/group/3d-secure/ Unsubscribe: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
