Re: Payment Tokenization Standards

Thanx Joseph, you raised many interesting questions.

One was if this is "Open Standardization".  This is IMO a huge problem for the traditional payment industry and essentially everything involving banks: They really don't want to operate in open.  That's why they never managed making EMV-cards usable on the Internet which also made the EMV value proposal quite lame since the fraudsters simply moved their activity to the Internet targeting "Card not present" transactions.

"Software Patents" is another great topic.  IPR folks have indicated that my SKS/KeyGen2 scheme violates tons of smart card patents.  Since I have never read these patents and not that many specifications either, my guess is that the solutions become more or less obvious when you actually begin working in this space.  To be on the safe(er) side I have filed some of the core ideas as "Defensive Publications".  http://ip.com/IPCOM/000229430 http://ip.com/IPCOM/000215433
Although getting a nickel in license fee for every phone sold would be great, a patent would in reality only work as a blocker and destroy whatever value the idea had.

Cheers,
Anders