Internet Banking

Technology

Emad Allam
 1 Introduction to EFT.
16 Socket security Layer (SSL)
2 Internet Banking Terms & Conditions
3 Debit Switch Architecture 17 Static Data Authentication (SDA)
4 Credit Switch Architecture
5 Internet Banking Environment Dynamic Data Authentication
18
6 Mag. Stripe Cards (DDA)
7 Smart Cards (emv) 19 Internet Transaction types & Flow
8 Contactless Cards
9 Transaction Communication & Gateway 20 Mobile Transactions
10 ISO 8583 Message Specifications
11 Internet Transaction communication 21 MIGS Transactions
12 Transaction Security Systems
13 PIN Generation & Verification 22 Internet Banking Security
14 Card Verification Value (CVV)
23 Internet Banking Risk
15 Pin Verification Value (PVV)
Internet Banking
Technology

1. EFT Overview

Emad Allam
 E.F.T Definition
• Transfer of money from bank account to
another, either within a single institution or
across multiple institutions, through computer-
based systems and without intervention of staff.
 Transfer Methods
 Transfer funds into your own linked account
of the same bank network.
 Transfer Methods
Transfer funds into different accounts of the same bank.

OAR

OAR : Open account relationship

 Transfer Methods
Transfer funds into different bank’s accounts using NEFT
(National Electronic Funds Transfer)
 Transfer Methods
Transfer funds into other bank account using RTGS
(Real Time Gross Settlement)
 Transfer Methods
Transfer funds into various bank accounts using IMPS
(Interbank Mobile Payment Service)
 E.F.T Milestones

Internet
Dev. Application Payment Smart Services
centre
structure services Cards

2010
 Transfer progress

Transfer from one Transfer to another

Access to Basic account to another for customer accounts
Account same customer. Within Same Bank
Information Within Same Bank

Internet Transfer
Other Value Added Transfer to other
Transactions :- accounts
• Bill Pay, Across
• Charity Domestic Banks
• Online Assurance
 E.F.T Components
(Front End Processing)
R.T.G.S
S.W.I.F.T
Power Card
VISA
Gateway Switch

MasterCard
E.F.T U/Switchware

IST / Switch

E.Banking
Base24
Touch Point

Internet ATM POS C.P

 E.F.T Tools

Cards

Switch Devices

EFT

Gateway Security
 E.F.T Tools

Switch
EFT
 E.F.T Tools
(1. Switch)
Host
- Hard ware
- Soft ware Switch
Server

Application
Software
 E.F.T Tools

Cards

Switch

EFT
 E.F.T Tools
(2. Cards)
 Plastic Cards are used to transfer cardholder & account information to the automated system

Magnetic Strip
Contact Contactless
Smart Card

Debit Cards

Credit Cards

Propitiatory Cards

MIZA Cards
 E.F.T Tools

Cards

Switch Devices
EFT
 E.F.T Tools
3. Device (ATM)
•To Perform financial transactions
1. Through the Wall
2. Lobby Cash Dispenser
3. Full Functions
4. Card Less
5. Bit Coin ATM
6. Biometric ATM
 E.F.T Tools
3. Device (POS)
•To Perform Authorization transactions
Mag.
Contact
StripCard
Machine Contactless Card
 E.F.T Tools
3. Device (Mobile Phone)
•To Perform Mobile transactions
IOS I-Phone
Operating System Operating System
 E.F.T Tools

Cards

Switch Devices

EFT

Gateway
 E.F.T Tools
4. Gateway
• support individual or clustered devices
• Different communication protocols

Web
Host
Server
Switch
Server

TCP/IP
X.25

TC500
 E.F.T Tools
4. Gateway
• Vendor products….debit and credit

MasterCard
Visa Diners
AMEX Host
 E.F.T Tools
4. Gateway
Radio Frequency IDentification (RFID)
 E.F.T Tools
4. Gateway
Near Field Communication (NFC)
 E.F.T Tools

Cards

Switch Devices

EFT

Gateway Security
 E.F.T Tools
5. Security
• PIN Generation
• PIN verification
• Message authentication
• Key exchange
• Zone key management
• CVV , CVV2, ICVV
• PVV verification
• Check digit validation
 E.F.T Tools
5. Security
• Black box interface:
– Racal/Guardata
– Excrypt SSP
– Eracom (TCP/IP Ethernet)
– Attalla
– HP
E.F.T Operations
ATM Transactions
POS Transactions
Credit Transactions
Smart Card
Transactions
Mobile Transactions
Internet Transactions
 E.F.T Environment
Devices Switch Host
Server

Bank
Network
Security
 E.F.T Advantages

Speed

Simple

Secure