UNDERSTANDING FINTECH CONVERSATIONS Image: Flickr user Sebastiaan ter Burg
Understanding Fintech Conversations
Jul 28, 2015
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Transcript
UNDERSTANDING FINTECHCONVERSATIONS
Image Flickr user Sebastiaan ter Burg
CONTENTS
bull Blockchain
bull Digital Currencies
bull Digital Identity
bull Omni-channel
bull Contactless Payments
bull Wearable Payments
Image Flickr user Simon Blackley
BLOCKCHAIN
CHAPTER 1
Blockchain is a secure transaction ledger
database The ledger is decentralized shared
by all participants It is created on top of a
distributed network of computers
Blockchain enables anonymous exchange of
digital value
The technology removes the need for a central
authority for trust verification and value
transfer Being decentralized it enables safe
fast cost effective transactions even though
parties may not know who they are dealing
with
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
CONTENTS
bull Blockchain
bull Digital Currencies
bull Digital Identity
bull Omni-channel
bull Contactless Payments
bull Wearable Payments
Image Flickr user Simon Blackley
BLOCKCHAIN
CHAPTER 1
Blockchain is a secure transaction ledger
database The ledger is decentralized shared
by all participants It is created on top of a
distributed network of computers
Blockchain enables anonymous exchange of
digital value
The technology removes the need for a central
authority for trust verification and value
transfer Being decentralized it enables safe
fast cost effective transactions even though
parties may not know who they are dealing
with
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Image Flickr user Simon Blackley
BLOCKCHAIN
CHAPTER 1
Blockchain is a secure transaction ledger
database The ledger is decentralized shared
by all participants It is created on top of a
distributed network of computers
Blockchain enables anonymous exchange of
digital value
The technology removes the need for a central
authority for trust verification and value
transfer Being decentralized it enables safe
fast cost effective transactions even though
parties may not know who they are dealing
with
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Blockchain is a secure transaction ledger
database The ledger is decentralized shared
by all participants It is created on top of a
distributed network of computers
Blockchain enables anonymous exchange of
digital value
The technology removes the need for a central
authority for trust verification and value
transfer Being decentralized it enables safe
fast cost effective transactions even though
parties may not know who they are dealing
with
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
The technology removes the need for a central
authority for trust verification and value
transfer Being decentralized it enables safe
fast cost effective transactions even though
parties may not know who they are dealing
with
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Decentralized Apps will come indifferent flavors sizes and complexitylevels so we must be prepared forthat variety and we must see beyondthe Bitcoin promise to be the Internetof money and into the Blockchainrsquospromise to become a newdevelopment environment
William Mougayar
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
bull Digital currencies
bull Crowd funding
bull Smart agreements (automated agreement execution)
bull Digital identity
bull Decentralized communication
bull Asset ownership
BLOCKCHAIN USAGE EXAMPLES
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
DIGITAL CURRENCIES
CHAPTER 2
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Digital currencies are created and stored electronically
Virtual currencies are unregulated digital money They are issued and controlled by its developers and are used by the members of a virtual community
Crypto currencies are a subset of digital currencies using cryptography as part of their security
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Digital and crypto currencies are structured as a payment network
They are created on top of blockchaintechnology allowing parties to move value digitally securely and quickly in a decentralized manner
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Bitcoin is the most known crypto currency and is a consensus network that enables a new payment system and a full scheme for digital money
It is the first decentralized peer-to-peer payment network powered by its users and having no central authority
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
I think Bitcoin may very well be thebest form of money weve ever seenin the history of civilization
Wences Casares
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
The Bitcoin network is based on blockchaintechnology and uses the public ledger database
Bitcoin ledger contains every transaction ever processed allowing a users computer to verify the validity of each transaction
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
DIGITAL IDENTITY
CHAPTER 3
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Digital Identity is the data that uniquely describes a person entity and contains information about the subjectrsquos relationship
Technically it is a network used for identification in connections or transactions from digital devices
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
The strength level of a digital identity given by the registration and authentication processes
Digital identity is based onbull Identity Verification
bull Personal Data
bull Authentication
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Identity is the new money for banksThe bank should be the place whereyou store your identity You can storeyour money anywhere
David Birch
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
OMNI-CHANNEL
CHAPTER 4
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Omni-channel is a synchronized customer communication strategy
All channels are aligned in a single touch point for the customer and present one consistent way of doing business
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
bull Consistent services access across all channelsbull 360 degree view of every customersbull Digital management of originationbull Reengineer the way you listen listen everywhere at once and respond immediatelybull Increase understanding of customers with analytics and take data driven decisions
KEY ELEMENTS OF AN OMNI-CHANNEL STRATEGY
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
For banks it is an opportunity toreally understand the customerstreamline systems and focusattention on the most profitable
Alison Wilkes General Manager
EMEA Banking Division FIS
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
bull Specialty branchbull Virtual bankingbull Infomediary
TOP OMNI-CHANNEL CONCEPTS IN FINANCE INDUSTRY
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
CONTACTLESS PAYMENTS
CHAPTER 5
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Contactless payment technology enables payment transactions via a contactless chip embedded in payment cards tags key fobs and mobile phones
The chip communicates with a reader device that uses radio frequency or Near Field Communication (NFC) standards
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Near Field Communication (NFC) is a short-range wireless (RF) communication technology for smartphones and similar devices enabling data transfer between the devices
NFC operates for contactless payments in card emulation mode which enables devices to function as contactless smart cards
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
NFC payments appear to be beneficial forfinancial institutions (card issuers and banks)NFC in-store phone payments offer continuityand improvement to their business models
The core advantage with any contactlesssmartphone transactions is the potential forgreater security when payments are made withphones featuring either built-in (via hardware orsoftware) or SIM-based tokenisation capability
Deloitte
Image Flickr user Sebastiaan ter Burg
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
WEARABLE PAYMENTS
CHAPTER 6
Image Flickr user Cheon Fong Liew
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Wearable describes electronic devices that can be worn on the body They can be found today as intelligent fitness bands and smart watches or glasses but are being extended into fashion and jewelry as well
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Wearables enable contactless payment processes through Near Field Communication (NFC) The wearable device communicates directly to the network through inbuilt connectivity or can use Bluetooth to connect to the userrsquos phone to finalize the payment
Host card emulation (HCE) technology is used when it comes to the wearable device connecting to the mobile for finalizing payment
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
The future of payment is wearableWearables are the new trend in thefield of internet-based devices
Markus Braun CEO of Wirecard AG
Image Flickr user Olabi Makerspace
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
READ MORE
DOWNLOAD THE FULL WHITE PAPER
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Maxcode Deliver your next finance or ehealth application
Maxcode is an IT service company building tailor made applications for the European market We focus on financial and healthcare industries Maxcode is located in The Netherlands with offices in Romania and the Republic of Moldova We are a modern company and a reliable partner for our customers and employees
Koninginnegracht 19 2514 AB Den Haag The Hague The Netherlands infomaxcodenet
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
Disclaimer
The materials in this document may contain inaccuracies or typographical errors Maxcode does not warrant the accuracy reliability or completeness of the materials advices opinions statements or any other information displayed or distributed in this document All information in this document is provided ldquoas isrdquo and ldquoas availablerdquo and shall not be binding nor shall it be construed as constituting any obligation representation or warranty on the part of Maxcode You acknowledge that any reliance on any information in this document shall be at your sole risk Maxcode mentions others their products and ideas as a convenience to you Those others products and ideas are not under the control of Maxcode Accordingly Maxcode makes no representation or warranty in relation to others their products or ideas other than simply listing them as relevant for your consideration By listing them Maxcode is not endorsing or recommending them to you
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