Re: Payment Tokenization Standards

A whole whack of "computational idea" patents have been filed in this space
in the past 3 years:

https://www.google.com/?tbm=pts#q=tokenization+payment&tbm=pts

http://bitcoinmagazine.com/9218/ebay-files-patent-application-programmable-money/

On the patentability-or-not of computational ideas, "THE" case to watch in
2014 is this one:
https://en.wikipedia.org/wiki/Alice_Corp._v._CLS_Bank_International
That's to say, later this year so-called "software patents" may become
unenforceable.

joseph


On Fri, Jan 17, 2014 at 5:11 AM, Joseph Potvin <jpotvin@opman.ca> wrote:

> This follows from an Oct 2013 announcement. Here is the original Media
> Release:
>
> https://newsroom.mastercard.com/press-releases/mastercard-visa-and-american-express-propose-new-global-standard-to-make-online-and-mobile-shopping-simpler-and-safer/
>
> http://about.americanexpress.com/news/pr/2013/mc-visa-amex-propose-new-global-standard.aspx
>
> It states: "Over the coming weeks, the framework will also be presented to
> other partners and independent industry bodies, such as The Clearing House,
> PCI Security Standards Council and EMVCo, to align and further advance the
> standard."
>
> The link you provided is that the EMVCo Consortium
> https://en.wikipedia.org/wiki/EMV has formally taken up the Oct request,
> which will add "Payment Tokenization" to its list of standards:
> https://en.wikipedia.org/wiki/EMV#List_of_EMV_documents_and_standards
>
> Additional context:
>
> http://www.mobilecommercedaily.com/visa-mastercard-amex-mobile-payments-power-play-faces-significant-challenges
>
> Token standardization is news, even though tokenization is not:
> http://en.wikipedia.org/wiki/Tokenization_%28data_security%29
>  But is it "open standardization"?
>
> I have three thoughts for discussion:
>
> 1. Shouldn't "The Clearing House" and "PCI Security Standards Council" and
> "EMVCo" be listed in the "Dependencies or Liaisons" section of our Charter?
>
> http://www.mobilepaymentstoday.com/article/215665/The-Clearing-House-to-pilot-new-digital-payment-standard
> https://en.wikipedia.org/wiki/Clearing_House_Interbank_Payments_System
> https://www.pcisecuritystandards.org/organization_info/index.php
> https://en.wikipedia.org/wiki/Payment_card_industry
>
> 2. Are BTC and XRP most correctly referred to as "payment tokens"?  If
> not, in what aspect(s) are they different?
>
> 3. RE: "Tokens can be restricted in how they are used with a specific
> merchant, device, transaction or category of transactions."  In addition to
> providing transaction risk management, does this also effectively mean that
> DRM will be applied to the tokens
> https://en.wikipedia.org/wiki/Digital_rights_management  so that they
> cannot be processes on independent systems (such as Payswarm)?
>
> joseph potvin
>
>
>
> On Fri, Jan 17, 2014 at 3:31 AM, Anders Rundgren <
> anders.rundgren.net@gmail.com> wrote:
>
>>
>> http://www.paymentsnews.com/2014/01/emvco-to-work-on-payment-tokenization-standards.html
>>
>> A bit late IMO, but why not?
>>
>> Cheers,
>> Anders
>>
>>
>
>
> --
> Joseph Potvin
> Operations Manager | Gestionnaire des opérations
> The Opman Company | La compagnie Opman
> http://www.projectmanagementhotel.com/projects/opman-portfolio
> jpotvin@opman.ca
> Mobile: 819-593-5983
> LinkedIn (Google short URL): http://goo.gl/Ssp56
>



-- 
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
http://www.projectmanagementhotel.com/projects/opman-portfolio
jpotvin@opman.ca
Mobile: 819-593-5983
LinkedIn (Google short URL): http://goo.gl/Ssp56