JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

Course Objectives

The aim of the course:

• 1. Discuss the players and processes involved in e-payments
• 2. Discuss the different categories and potential uses of smart cards

Course Outcomes:

• 1. Understand the shifts that are occurring with regard to digital payments.
• 2. Acquire a comprehensive understanding of different tasks associated in usage of digital payment systems.
• 3. Understand risks involved in e-payments and their counter-measures to provide secure transactions.
• 4. Understand and analyze chip card technology for digital payment systems.

UNIT - I

Introduction, Magnetic stripe debit and Credit cards, Chip Migration with EMVTM, Remote debit and credit with EMVTM Payment Card Processing Roles involved in payment card processing, payment card brands, Credit and debit payment cards, Focusing on the magnetic stripe card, Threats and security protections, Processing at the point of service, Payment network and interchange message, On-line authorization, Clearing and Settlement.

UNIT - II

A business case for chip migration, An overview of the chip card technology, proprietary payment application, interoperable payment application, EMVTM data elements, EMVTM file system, EMVTM application selection. SMS Payments, USSD Payments, UPI Payments, Mobile Wallets, Bharat Bill Payments, NEFT, IMPS, QR Code, Merchants Payments, Internet Banking & Payments. ATM Payments, Interoperable Payments.

UNIT - III

Certification mechanism and algorithm, Public key certificate for RSA scheme, Entities and certifiers, Entity public key remainder, EMVTM certification chain, Issuing EMVTM public key certificates, Verifying EMVTM public key certificates, Issuing signed static application data, Verifying the signed static application data.

UNIT - IV

Overview of the EMVTM debit/credit transaction, Initiate application processing, Read application data, Off-line data authentication, Processing restrictions, Cardholder Verification, Terminal risk management, Terminal action analysis, On-line processing and issuer authentication.

UNIT - V

EMVTM regulatory framework, Deriving ICC specifications by issuers, Selection criteria of the ICC architecture, Multiplication ICC, Issuer’s business case, adaptive initiate application processing, Design criteria for CAM selection, Design criteria for CVM, Processing restrictions, Card risk management.

TEXT BOOKS:

• 1. Cristian Radu, Artech House, Implementing Electronic Card Payment Systems, Computer Security Series

REFERENCES:

• 1. Electronic Payment Systems for E-Commerce by Donal O’Mahony, Michael Peirce and Hitesh Tewari, Artech House, Computer Security Series
• 2. David A. Buchanan, James McCalman, High Performance Work Systems: The Digital Experience, Routledge
• 3. David A. Montague, Essentials of Online payment Security and Fraud Prevention, Wiley