End2End Payment Processing, Major Players

Wireless Payment Solutions – End2End Payment Processing, Major Players – Snapshot 10.28.2014 ‘Wireless Payment Type’

Overall Financial Transmission Process

Modality

Data Transmitted

Traditional

Web E-commerce app |Credit Card | Phone SAAS /Point-of-SalePayment AggregatorCredit Card NetworkIssuing BankFederal ReserveAcquiring Bank

Magnetic Strip/POS or https

Encrypted {CC#, CVV, Exp Date, Billing Address}

Starbucks

Phone/Device SAAS | Point-of-SalePayment AggregatorCredit Card NetworkIssuing BankFederal ReserveAcquiring Bank

POS scanner of Starbucks product codes; user account

Encrypted {CC#, CVV, Exp Date, Billing Address}

Apple iPhone6/Apple DeviceSAAS | Point-of-SaleCredit Card NetworkIssuing BankFederal ReserveAcquiring Bank

NFC at POS

Google Wallet

Chip CC | CC data on Droid Device Point-of-SaleGoogle Cloud/SAASCredit Card NetworkIssuing BankFederal ReserveAcquiring Bank

NFC at POS HCE Protocol

SoftCard (ISIS)

(ATT/Verizon/TMobile Softcard enabled) Phone SAAS | Point-of-SaleCredit Card NetworkIssuing BankFederal ReserveAcquiring Bank

NFC at POS

CurrentC (Walmart, CVS, Target, RiteAid, Others)

(POS Scanner + Device) (Merchant Cloud Data Capture, ACH) Originating Depository Financial institution (ODFI) ACH  Federal Reserve or Clearing HouseReceiving Depository Financial Institution (RDFI)

Imaged based scanning: QR Codes, numeric codes, shared between POS and device

Encrypted {Device-specific token + dynamically SAAS-generated token} Encrypted {CC#, CVV, Exp Date, Billing Address} + Account/Trans Data Encrypted {Device-specific token + dynamically SAAS-generated token} Account Based; (likely cloudencrypted) financial information, location information, transaction information

Apple Pay

www.audreymlehr.com 10.28.2014

Wireless Payment Solutions – End2End Payment Processing, Major Players – Snapshot 10.28.2014

Sources: CVS and Rite-Aid are dragging you into a fight with Apple Pay By Jose Pagliery @Jose_Pagliery October 27, 2014: 3:36 PM ET http://techcrunch.com/2014/10/25/currentc/ https://www.nacha.org/ach-network Mobile Payment Technology – Current Landscape in USA – 2014. www.audreymlehr.com

www.audreymlehr.com 10.28.2014