際際滷

際際滷Share a Scribd company logo

Philip Andreae Presentation

P
pandreae

1. The document discusses u-commerce and smart cards, with smart cards seen as enabling technologies for u-commerce payments anywhere, anytime through any device. 2. Smart cards, also known as chip cards, contain an embedded computer chip that stores and protects payment information, increasing security and combating fraud compared to traditional magnetic stripe cards. 3. Visa has been a leader in developing EMV smart card specifications internationally, with the number of countries and cards using the technology growing rapidly since the 1990s. Visa aims for chip-based transactions to account for 42% of its volume by 2006.

1 of 18
u-commerce & Smart Cards Leading the New World of Payments Philip Andreae 11 June 2003
anywhere, anytime, any way VISA CANADA CONFIDENTIAL
u-Commerce and Payments you How do ay? wa nt to p bit Visa De dit Visa Cre VISA CANADA CONFIDENTIAL
The Commerce Universe u-commerce x-comm m-comm e-comm Bricks & Mortar Commerce VISA CANADA CONFIDENTIAL
Early Indicators VISA CANADA CONFIDENTIAL
Market Drivers ! pervasiveness of technology ! growth of wireless ! increasing bandwidth & connectivity VISA CANADA CONFIDENTIAL
The Building Blocks Standards o you How d ay? op want t Security ebit Visa D Systems dit Vi sa Cre Simplicity VISA CANADA CONFIDENTIAL
U-Commerce is enabled by the Chip Card VISA CANADA CONFIDENTIAL
What Is a Chip Card? s A plastic credit card with an embedded computer chip containing a microcomputer s Yesterday a Calculator in your Card s Today a IBM PC VISA CANADA CONFIDENTIAL
Background Visa 1988 EMV 1993 The international schemes decided Smart Cards are the way forward Europay, MasterCard Visa International developed a joint EMV Integrated Circuit Card Specifications for Payment Systems Fraud Control Cost Reduction Credit Risk Value Added Management Services VISA CANADA CONFIDENTIAL
Why Now sIncreases Security & Privacy Virtually impossible to copy Support the evolution of security techniques sCombats Fraud Rising cost of fraud The increasing risk of fraud migration The high cost of Fraud Management VISA CANADA CONFIDENTIAL
To Assure the Future Transit Telephone Access Electronic CORE: Control Payment Services: Banking Credit and Debit Debit/Credit Electronic Loyalty Commerce Stored Authentication Value VISA CANADA CONFIDENTIAL
Chip Cards powerful and versatile s Increases Security & Privacy s Combats Fraud s Increased Utility s Greater Efficiency Preserving Confidence in the Payments System VISA CANADA CONFIDENTIAL
Broad International Acceptance Countries that have EMV by March 2003 s Austria s Egypt s Australia s Belgium s Israel s Brazil s Denmark s Jordan s Canada s Kazakhstan s France s Japan s Kuwait s Great Britain s Mexico s Latvia s Greece s New Zealand s Lebanon s Italy s Palestinian Territories s Peru s Luxembourg s Poland s South Korea s Netherlands s Romania s Taiwan s Sweden s Russian Federation s United States s Switzerland s Turkey s Venezuela s United Arab Emirates VISA CANADA CONFIDENTIAL
Broad International Acceptance s Over 100 million Visa chip cards (EMV) s Millions more Visa chip cards are issued every month s Est. 3.4MM chip devices deployed out of 20MM worldwide (2.9MM during year 2002) s VisaNet can process full chip data s The VIOR has been modified to Support Chip Projection: 42% of Visa volume will be chip-based by 2006 Projection: 42% of Visa volume will be chip-based by 2006 VISA CANADA CONFIDENTIAL
Visa Chip Cards evolved from Issuer-centric to Issuer-enabled, consumer-centric quot; Easy and quot; Preserve existing convenient for the infrastructure consumer to use quot; Enable Issuers to quot; Easy to focus on core business incorporate into quot; Allow parties to existing programs maintain control of quot; Easy for all parties their current programs to implement and environments VISA CANADA CONFIDENTIAL
The Goal - Serve the Unit of One the Cardholder sLifestyle sValues sConvenience sSimplicity sControl VISA CANADA CONFIDENTIAL
u-Commerce drives Visas Vision VISA CANADA CONFIDENTIAL

More Related Content

Philip Andreae Presentation

  • 1. u-commerce & Smart Cards Leading the New World of Payments Philip Andreae 11 June 2003
  • 2. anywhere, anytime, any way VISA CANADA CONFIDENTIAL
  • 3. u-Commerce and Payments you How do ay? wa nt to p bit Visa De dit Visa Cre VISA CANADA CONFIDENTIAL
  • 4. The Commerce Universe u-commerce x-comm m-comm e-comm Bricks & Mortar Commerce VISA CANADA CONFIDENTIAL
  • 5. Early Indicators VISA CANADA CONFIDENTIAL
  • 6. Market Drivers ! pervasiveness of technology ! growth of wireless ! increasing bandwidth & connectivity VISA CANADA CONFIDENTIAL
  • 7. The Building Blocks Standards o you How d ay? op want t Security ebit Visa D Systems dit Vi sa Cre Simplicity VISA CANADA CONFIDENTIAL
  • 8. U-Commerce is enabled by the Chip Card VISA CANADA CONFIDENTIAL
  • 9. What Is a Chip Card? s A plastic credit card with an embedded computer chip containing a microcomputer s Yesterday a Calculator in your Card s Today a IBM PC VISA CANADA CONFIDENTIAL
  • 10. Background Visa 1988 EMV 1993 The international schemes decided Smart Cards are the way forward Europay, MasterCard Visa International developed a joint EMV Integrated Circuit Card Specifications for Payment Systems Fraud Control Cost Reduction Credit Risk Value Added Management Services VISA CANADA CONFIDENTIAL
  • 11. Why Now sIncreases Security & Privacy Virtually impossible to copy Support the evolution of security techniques sCombats Fraud Rising cost of fraud The increasing risk of fraud migration The high cost of Fraud Management VISA CANADA CONFIDENTIAL
  • 12. To Assure the Future Transit Telephone Access Electronic CORE: Control Payment Services: Banking Credit and Debit Debit/Credit Electronic Loyalty Commerce Stored Authentication Value VISA CANADA CONFIDENTIAL
  • 13. Chip Cards powerful and versatile s Increases Security & Privacy s Combats Fraud s Increased Utility s Greater Efficiency Preserving Confidence in the Payments System VISA CANADA CONFIDENTIAL
  • 14. Broad International Acceptance Countries that have EMV by March 2003 s Austria s Egypt s Australia s Belgium s Israel s Brazil s Denmark s Jordan s Canada s Kazakhstan s France s Japan s Kuwait s Great Britain s Mexico s Latvia s Greece s New Zealand s Lebanon s Italy s Palestinian Territories s Peru s Luxembourg s Poland s South Korea s Netherlands s Romania s Taiwan s Sweden s Russian Federation s United States s Switzerland s Turkey s Venezuela s United Arab Emirates VISA CANADA CONFIDENTIAL
  • 15. Broad International Acceptance s Over 100 million Visa chip cards (EMV) s Millions more Visa chip cards are issued every month s Est. 3.4MM chip devices deployed out of 20MM worldwide (2.9MM during year 2002) s VisaNet can process full chip data s The VIOR has been modified to Support Chip Projection: 42% of Visa volume will be chip-based by 2006 Projection: 42% of Visa volume will be chip-based by 2006 VISA CANADA CONFIDENTIAL
  • 16. Visa Chip Cards evolved from Issuer-centric to Issuer-enabled, consumer-centric quot; Easy and quot; Preserve existing convenient for the infrastructure consumer to use quot; Enable Issuers to quot; Easy to focus on core business incorporate into quot; Allow parties to existing programs maintain control of quot; Easy for all parties their current programs to implement and environments VISA CANADA CONFIDENTIAL
  • 17. The Goal - Serve the Unit of One the Cardholder sLifestyle sValues sConvenience sSimplicity sControl VISA CANADA CONFIDENTIAL
  • 18. u-Commerce drives Visas Vision VISA CANADA CONFIDENTIAL