“Offline payment software in the sights of hackers – Swiss companies affected”

Network Safety ConceptThe above headline is taken from a statement by the Reporting and Analysis Centre for Information Assurance (MELANI) from July of this year. The statement describes a new type of hack on companies in Switzerland.

To process mass payments, especially in the case of multibank accounts, companies today generally use offline software for the transmission, approval and execution of electronic payment orders. Transfers are triggered automatically directly from within the ERP software and are transmitted to the bank via secure protocols. This type of payment processing accounts for the majority of the electronic payment orders executed in Switzerland today.

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EBICS and mobile payments in France

Sign Up Concept

Photo: © Krasimira Nevenova – Fotolia.com

In the “EBICS – a European standard for mobile payments” series, we will examine the situation in France.

A mobile solution allowing all users to sign for transactions remotely – in compliance with the EBICS TS protocol – would satisfy the requirements of the increasing number of “nomadic” signatories who are hoping that mobile banking with EBICS will soon finally become a reality.

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Blog series: How to enhance EBICS, Part 2 – delegating authorisations with EBICS and the Distributed Electronic Signature (VEU)

Golden key and puzzle pieces - 3d render illustrationIn this article, we shall continue the series we began in December on possible improvements to the EBICS standard. This post will focus mainly on the following issue: If one were to submit a payment transaction order today, the submitter wouldn’t – at least with the standard features – have the option of managing additional authorisation procedures. In some cases, you only know who is eligible for the additional authorisation when you make the submission, so that it might be beneficial to delegate the authorisation on a case-by-case basis.

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