Secure closed loop payments in an open environment


  • Posted Date: 25 October 2016
  • 662 Views

Extending the benefits of closed loop payment schemes requires acceptance of one smart card wallet from different merchants. This introduces additional needs to protect the existing system against fraud and to comply with regulations on traceability of financial transactions.

This 30 minutes webinar addresses concepts to open a closed loop payment scheme for multiple merchants, while maintaining traceability and fraud protection throughout the whole system.

Course Outline

  • Closed-loop micropayment: Discover secure smart card based systems and a comparison between closed loop and open loop payment schemes.
  • Use cases: Requirements and solutions for a cashless campus card system.

What You'll Learn

You’ll learn how the Transaction MAC feature on the MIFARE DESFire EV2 and MIFARE Plus EV1 works.

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