Real-Time Payments Systems & Third Party Access
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Digitalised Payment the Era of Rising Fintech
INFOKARA RESEARCH ISSN NO: 1021-9056 DIGITALISED PAYMENT THE ERA OF RISING FINTECH Ms. R.Hishitaa, I MBA, SRMIST, Vadapalani e mail id: [email protected] Dr.S.Gayathry Professor, Department of Management Studies, SRMIST, Vadapalani e mail id: [email protected] ABSTRACT For a long time, Indian citizens have remained skeptical about evolving along with the pace that technology has set.But in recent years, the country has embraced change, and it has brought so much advancement in terms of how payments are simplified. An Electronic payment protocol is a series of transactions,at the end of which a payment has been made, using a token issued by a third party.Consumers expect a safe, convenient and affordable globalised payment platform. The security features for such systems are privacy, authenticity and no repudiation. India being a developing country,encourages innovation. A factor behind the rise of digital payments is the Indian Reserve Bank’s recent policy of Demonetization.One of the fintech innovations that have completely revolutionized how payments work in India is the UPI – an instant, real-time payment system developed by the National Payments Corporation of India (NPCI).Tez, built over the UPI interface, was launched in India in September 2017. Google has rebranded its payment app Google Tez to Google Pay to tap into the growing Indian digital payment space.Google Pay has now become the king of UPI apps.The purpose of this paper is to provide a brief background about the most downloaded finance app, Google Pay andits impacton the Indian Economy. KEYWORDS-e payment, payment protocol, digital payment space Volume 8 Issue 11 2019 888 http://infokara.com/ INFOKARA RESEARCH ISSN NO: 1021-9056 DIGITALISED PAYMENT – THE ERA OF RISING FINTECH 1.1. -
Opensocial: from Social Networks to Social Ecosystem
2007 Inaugural IEEE International Conference on Digital Ecosystems and Technologies (IEEE DEST 2007) OpenSocial: From Social Networks to Social Ecosystem Juliana Mitchell-WongI, Ryszard Kowalczyk', Albena Rosheloval, Bruce Joy2 and Henry Tsai2 'Centre for Information Technology Research, Swinburne University, Hawthorn, VIC, Australia e-mail: (jmitchellwong, rkowalczyk, aroshelova)@ict.swin.edu.au 2Everyday Interactive Networks, Hawthorn, VIC, Australia, e-mail: (brucejoy, henrytsai)@ein.com.au ties to be managed using the one application. GAIM' and Abstract-Unlike the physical world where social ecosys- Trillian2 are two example applications for instant messaging tems are formed from the integrated and managed relation- communities. These applications however do not address ships between individuals and organisations, the online digital any of the fundamental issues: the independent and isolated world consists of many independent, isolated and incompatible nature of communities, the ignorance to overlapping rela- social networks established by organisations that have over- lapping and manually managed relationships. To bring the tionships in different communities, or the manual manage- online digital world in-line with the physical world, integration ment of relationships. of social networks, identification of overlapping relationships Communities on the other hand have moved towards in social networks, and automation of relationship manage- forming alliances with other communities to enable content ment in social networks are required. OpenSocial is a frame- search and retrieval between them by using common ontol- work that enables social networks to interlink and self- use common organise into a social ecosystem guided by the policies of indi- ogy [1]. The of ontology enables communities viduals and organisations. to interlink, but each of these communities assumes that their policies are agreeable by every community in the alli- Index Terms-social framework, self-organised, self- ance. -
Get Started with Hangouts
Get started with Hangouts All of the information below is directly from https://support.google.com/hangouts/answer/2944865?hl=en&ref_topic=63864 You can use Hangouts to: Start a chat conversation or video call. Make phone calls using Wi-Fi or data. Send text messages with your Google Voice or Google Fi phone number. Hangouts sync automatically across devices. If you start a Hangout on your computer, you can continue your chat on another device, like your phone. Use Hangouts on a Computer Hangouts can be used in: hangouts.google.com Gmail Hangouts Chrome extension Once you choose an app, learn how to sign in to Hangouts. 1. On your computer, go to hangouts.google.com or open Hangouts in Gmail. 2. Enter your Google Account information. 3. Click Sign in. In Gmail, on the left, click Sign in. To use Hangouts with multiple accounts at the same time, you can: Use a different browser for each account. Set up a separate Chrome profile for each account. You can switch between profiles in separate Chrome windows. Learn how to set up a Chrome profile. Install the Hangouts Chrome extension. Use Hangouts on Android Download and sign in to Hangouts 1. On your Android phone or tablet, download the Hangouts app . 2. Learn how to sign in on Hangouts. a. On your Android phone or tablet, open the Hangouts app . b. Select a Google Account, or sign in to another account. c. Tap Sign in. d. Follow these steps to verify your phone number and let people find you on Hangouts. -
Chinese Online Payment Platforms for Their Individual Needs
SNAPSHOT GUIDE TO ONLINE PAYMENT PLATFORMS FOR CHINESE VISITORS JULY 2017 OVERVIEW The use of online payment platforms has reshaped the way people pay for goods and services in China. Over the past five years, financial transactions are increasingly being handled through the use of advanced technology in a smartphone device, creating a fast and easy way for customers to pay for goods and services. While there are over 700 million registered users of online payment platforms in China – who complete approximately 380 million transactions a day – use of these platforms in Australia is relatively limited. In the year ending March 2017, 1.2 million Chinese visited Australia (up 12% from the previous year). Chinese visitors to Australia are the highest spending ($9.2 billion in 2016, or around $8,000 per visitor). Integrating online payment platforms recognised by Chinese visitors into business operations provides Australian businesses significant revenue yield opportunities and options better aligned to customer expectations. ONLINE PAYMENT PLATFORMS Also known as a digital wallet or e-wallet, these platforms are linked to a bank account, where transactions are processed without the use of a bank card i.e. similar to the way PayPal works. Online payment platforms can be used for purchases online or in-person. How an online payment platform works: Using a payment platform app, the customer generates a one- time QR code on their smartphone. The merchant uses a small device to scan the QR code given by the customer to process payment for the purchase of goods or services. In Australia, funds are in the merchant’s account within two business days after the date of transaction. -
Mckinsey on Payments
Volume 8, Number 21 May 2015 McKinsey on Payments Foreword 1 Gauging the disruptive potential of digital wallets 3 While they have established a solid foundation for growth, digital wallets are by no means a guaranteed success. They must continue to evolve if they are to have a truly disruptive impact on the payments landscape. Providers can improve their chances by focusing on six “markers” for success in payments innovation. New partnership models in transaction banking 11 A number of trends are leading to a fundamental rethinking of the traditional model by which banks offer transaction banking services to clients outside their established markets. Four distinct partnership models offer the best opportunities for banks seeking to succeed in an evolving landscape. Toward an Internet of Value: An interview with Chris Larsen, 19 CEO of Ripple Labs McKinsey on Payments sits down with the co-founder of Ripple Labs to discuss the nuts and bolts of the Ripple protocol, the implications for the correspondent banking model, and the emergence of an “Internet of Value.” Faster payments: Building a business, not just an infrastructure 23 A faster payments infrastructure is not an end in itself, it is an opportunity for banks to deliver innovative products and services in both consumer and corporate payments. To monetize this opportunity, financial institutions should focus relentlessly on design, customer experience, accessibility and convenience. Faster payments: Building a business, not just an infrastructure 23 Faster payments: Building a business, not just an infrastructure To date, most discussions about building a “faster payments” system have focused primarily on speed and “plumbing.” Even more important, however, are the innovative products and services that an enhanced infrastructure will allow financial institutions to bring to market. -
Towards the Performance Analysis of Apache Tez Applications
QUDOS Workshop ICPE’18 Companion, April 9̶–13, 2018, Berlin, Germany Towards the Performance Analysis of Apache Tez Applications José Ignacio Requeno, Iñigo Gascón, José Merseguer Dpto. de Informática e Ingeniería de Sistemas Universidad de Zaragoza, Spain {nrequeno,685215,jmerse}@unizar.es ABSTRACT For leveraging the performance of the framework, Apache Tez Apache Tez is an application framework for large data processing developers customize their applications by several parameters, e.g., using interactive queries. When a Tez developer faces the fulfillment parallelism or scheduling. Certainly, this is not an easy task, so of performance requirements s/he needs to configure and optimize we argue that they need aids to prevent incorrect configurations the Tez application to specific execution contexts. However, these leading to losings, monetary or coding. In our view, these aids are not easy tasks, though the Apache Tez configuration will im- should come early during application design and in the form of pact in the performance of the application significantly. Therefore, predicting the behavior of the Tez application for future demands we propose some steps, towards the modeling and simulation of (e.g., the impact of the stress situations) in performance parameters, Apache Tez applications, that can help in the performance assess- such as response time, throughput or utilization of the devices. ment of Tez designs. For the modeling, we propose a UML profile Aligned with our work in the DICE project [1, 5], this paper for Apache Tez. For the simulation, we propose to transform the presents the first steps towards the modeling and simulation of stereotypes of the profile into stochastic Petri nets, which canbe Apache Tez applications with high performance behavior. -
Apachecon US 2008 with Apache Shindig
ApacheCon US 2008 Empowering the social web with Apache Shindig Henning Schmiedehausen Sr. Software Engineer – Ning, Inc. November 3 - 7 • New Orleans Leading the Wave of Open Source The Official User Conference of The Apache Software Foundation Freitag, 7. November 2008 1 • How the web became social • Get out of the Silo – Google Gadgets • OpenSocial – A social API • Apache Shindig • Customizing Shindig • Summary November 3 - 7 • New Orleans ApacheCon US 2008 Leading the Wave of Open Source The Official User Conference of The Apache Software Foundation Freitag, 7. November 2008 2 ApacheCon US 2008 In the beginning... Freitag, 7. November 2008 3 ApacheCon US 2008 ...let there be web 2.0 Freitag, 7. November 2008 4 • Web x.0 is about participation • Users have personalized logins Relations between users are graphs • "small world phenomenon", "six degrees of separation", Erdös number, Bacon number November 3 - 7 • New Orleans ApacheCon US 2008 Leading the Wave of Open Source The Official User Conference of The Apache Software Foundation Freitag, 7. November 2008 5 ApacheCon US 2008 The Silo problem Freitag, 7. November 2008 6 • How the web became social • Get out of the Silo – Google Gadgets • OpenSocial – A social API • Apache Shindig • Customizing Shindig • Summary November 3 - 7 • New Orleans ApacheCon US 2008 Leading the Wave of Open Source The Official User Conference of The Apache Software Foundation Freitag, 7. November 2008 7 ApacheCon US 2008 iGoogle Freitag, 7. November 2008 8 • Users adds Gadgets to their homepages Gadgets share screen space • Google experiments with Canvas view Javascript, HTML, CSS • A gadget runs on the Browser! Predefined Gadgets API • Core APIs for IO, JSON, Prefs; optional APIs (e.g. -
Report and Recommendations ERPB WG on P2P Mobile Payments.Docx 1/23 ERPB WG on P2P Mobile Payments
ERPB P2P MP 017-15 Version 1.0 (Final) 10 June 2015 Euro Retail Payments Board (ERPB) Report and Recommendations from the ERPB Working Group on Person-to-Person Mobile Payments ERPB Meeting 29 June 2015 ERPB P2P MP 017-15 v1.0 Report and Recommendations ERPB WG on P2P Mobile Payments.docx 1/23 ERPB WG on P2P Mobile Payments Contents 1. Executive summary and recommendations ..................................................................................... 3 2. Background ...................................................................................................................................... 5 2.1. Survey on P2P mobile payment solutions and issues or barriers preventing the development of pan-European solutions ................................................................................................................ 6 2.2. Existing or planned P2P mobile payment solutions ...................................................................... 6 2.3. Barriers that may prevent the development of pan-European solutions ....................................... 7 3. The vision ......................................................................................................................................... 8 4. The main conditions for the realisation of the vision ........................................................................ 8 4.1. Main conditions that need to be addressed in the cooperative space .......................................... 9 4.1.1. Governance ...................................................................................................................... -
Google's Business Messages
MESSAGING Google’s Business Messages The best way to reduce call volume DEFLECT CALLS INTO RICH WHY BUSINESS MESSAGES? MESSAGING EXPERIENCES MAKE IT EASY TO CONNECT When consumers need your contact info, they go All Android users, and iPhone users with Google to Google. They see your brand’s phone number Maps installed, can easily message brands from and assume that’s the only way to contact you — Search results and Maps profiles. despite not wanting call or wait on hold. DELIVER RICH EXPERIENCES Create interactive experiences with quick replies, rich Business Messages offers convenient entry points cards, and carousels — and even make scheduling or in organic search, local search, Maps, and in shopping possible in a messaging conversation. customizable buttons on your website or app. Consumers increasingly prefer messaging over AUTOMATION AND CHATBOTS calling, and by making it easy to engage in their Quickly route and resolve common inquiries with preferred channel, brands can reduce call volume. automated welcome messages, quick replies. and AI-powered chatbots. WHY KHOROS CARE? AWARD WINNING PARTNERSHIP We’re the industry’s best reviewed customer engagement vendor across TrustRadius and the Software Reviews’ 2020 CX Index. MOST EFFICIENT AND EASY-TO-USE Our consolidated messaging platform delivers the greatest range of channels, a g e n t e x p e r i e n c e , o p e r a t i o n a l e ffi c i e n c y, and workforce management. FASTEST TIME TO VALUE We partner with Google to get you up and running in as little as two weeks with entry points to reduce calls and automations to enhance efficiency. -
Technical Report RHUL–ISG–2018–3 3 April 2018
Apple Pay: How different is it from other Pay solutions, what role does tokenisation play, and to what degree can Card not Present payment benefit from Apple Pay in future Marcel Fehr Technical Report RHUL–ISG–2018–3 3 April 2018 Information Security Group Royal Holloway University of London Egham, Surrey, TW20 0EX United Kingdom MARCEL FEHR Student Number: 130263579 Apple Pay: How different is it from other ‘Pay’ solutions, what role does tokenisation play, and to what degree can Card not Present payment benefit from Apple Pay in future Royal Holloway University of London Information Security Group Egham, Surrey, TW20 0EX United Kingdom Supervisor: Professor Kostas Markantonakis Submitted as part of the requirements for the award of the MSc in Information Security at Royal Holloway, University of London. I declare that this assignment is all my own work and that I have acknowledged all quotations from published or unpublished work of other people. I also declare that I have read the statements on plagiarism in Section 1 of the Regulations Governing Examination and Assessment Offences, and in accordance with these regulations I submit this project report as my own work. Signature: Date: Acknowledgements Acknowledgements Thanks to my partner Doris and her incredible patience, the University of London and all the people involved providing the lectures and those working in the background make the distance learning programme happen. It was and still is a great experience to be part of the distance learning program. i Abstract Abstract We are living in a world where smartphones follow us at every turn. -
How Mpos Helps Food Trucks Keep up with Modern Customers
FEBRUARY 2019 How mPOS Helps Food Trucks Keep Up With Modern Customers How mPOS solutions Fiserv to acquire First Data How mPOS helps drive food truck supermarkets compete (News and Trends) vendors’ businesses (Deep Dive) 7 (Feature Story) 11 16 mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved TABLEOFCONTENTS 03 07 11 What’s Inside Feature Story News and Trends Customers demand smooth cross- Nhon Ma, co-founder and co-owner The latest mPOS industry headlines channel experiences, providers of Belgian waffle company Zinneken’s, push mPOS solutions in cash-scarce and Frank Sacchetti, CEO of Frosty Ice societies and First Data will be Cream, discuss the mPOS features that acquired power their food truck operations 16 23 181 Deep Dive Scorecard About Faced with fierce eTailer competition, The results are in. See the top Information on PYMNTS.com supermarkets are turning to customer- scorers and a provider directory and Mobeewave facing scan-and-go-apps or equipping featuring 314 players in the space, employees with handheld devices to including four additions. make purchasing more convenient and win new business ACKNOWLEDGMENT The mPOS Tracker™ was done in collaboration with Mobeewave, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the findings presented, as well as the methodology and data analysis. mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved February 2019 | 2 WHAT’S INSIDE Whether in store or online, catering to modern consumers means providing them with a unified retail experience. Consumers want to smoothly transition from online shopping to browsing a physical retail store, and 56 percent say they would be more likely to patronize a store that offered them a shared cart across channels. -
Mobile Payments
Mobile Payments - A study of the emerging payments ecosystem and its inhabitants while building a business case. By: Cherian Abraham Principal Analyst – Mobile Commerce & Payments Practice / Co-Founder - DROP Labs Twitter @ http://twitter.com/cherian abraham LinkedIn @ http://www.linkedin.com/in/cherianabraham For more information on this study and associated research, contact me at EXECUTIVE SUMMARY: The advent of the ubiquitous smart phone has along with it brought dramatic shifts in customer behavior and payment modalities. Banks are finding themselves in an unenviable position of choosing to wait until a secure and safe standard emerges for "Digital", or take the plunge in to these murky payment waters. There is a battle waging for the customer mind-share and emerging revenue streams, between traditional and non-traditional players - who are ever more emboldened by advances in technology and disappearing barriers to entry. The objective of this study is to build a business case for banks evaluating the opportunities and challenges present in building out mobile payment solutions, including direct and indirect revenue generation. This study paints a roadmap of current mobile payment initiatives undertaken by Financial institutions, MNO's and technology upstarts, and to highlight the risks of building payment solutions which are not centered on the payment context. This study summarizes the challenges ahead for mobile payments, including a lack of interoperability, consumer apathy and a general lack of understanding of its merits. It is targeted at financial institutions that may be making first steps, by building out their own mobile wallet initiatives or partnering with others, and seeks clarity.