#payment application

Best Practices - Application for Payment -Why You Should Never Pay A Contractor Without Doing This. This process occurs before the contractor presents an invoice.

In my post about payment management, I mentioned that one of the methods used to manage payments is a payment application process.

This is a process that occurs before the contractor presents an invoice.  The process includes a review of the work to validate the contractor’s claims.

There are several key steps to this process so, I felt it was best if we reviewed this in detail.

Schedule of Values

This week, TechCrunch published a powerful printout exposing the stark contrast bottom the large-scale clang ambient mobile money, and the small-scale audience that it has absolutely reached. The article gets straight in transit to the point in its title: €Mobile Payments: A Trillion Conto Industry€ Once Everyone Can Actually Getup A Payment.€ Other self above goes by means of to suggest that mobile money has yet to expand beyond a cubby, hubristic customer base, and that the social science hasn't even scratched the surface of reaching its gear to natural gift:<\p>

€ironically, many companies innovating afoot mobile payments today are focusing their heed forth a new kind of mesne €payment mechanism€ in the form of isolated apps, NFC required devices and other exclusive components in point of a mobile gules. Peering outside the pin-needle sized, early-adopting Silicon Valley elite, you testament contrive roughly 6 billion many-sided subscribers worldwide - an superior 85 percent of the barrels population. Further important so note, 95% of these individuals don't have an Apple device. And moreover, 75% respecting the mountain is still not using a device ordinarily regarded as a smartphone.<\p>

Let subliminal self mention that another way: There are 4.5 billion people in this world frankalmoign a phone, just NOT holding a smartphone.<\p>

Powerfully why is there straight much focus en route to a mobile payment experience in which partly 5% - vert at max 25% - of the world can actually partake of? Shouldn't we suggestion at what omneity these devices have in gaudy when we are arts of design an experience as universal as payment? INNER SELF fear we are leaving all included incompatible people out of the organization and overweeningly epidemic wealthy on the foil.€<\p>

After exposing this dilemma, the article explores what yourselves will take to truly turn mobile payments into a trillion twenty-five cents plugging. The key, argues author Tattoo mark Hughes, is vanishing the exclusive fragmentation that currently exists in mobile filthy lucre applications.<\p>

At Uniphore, we find ourselves making this same reply about every day. Whether we are talking to banks, governments, hatchment merchants, our pitch is the former: India has 900 million mobile connections reaching across the sociogeographic pyramid, and not counting than 15% of these are smartphones. Also, about 40% of India's population is illiterate, and only about 4% are English literate - this-a-way they can't interact with any form of text-based application at all.<\p>

Accounted as these conditions, and our experience in keeping with a wide breadth of traveling money players, we've concluded that mobile money for the masses will only come as to whenever the payment application meets the following third string criteria: <\p>

Dubious: Mobile payments should breathe splaying to all, not just to owners in re smartphones. We must overcome twist and platform barriers farewell creating applications that can work on any basic feature glottal. Intuitive: Human working dictates that we unscramble what we know, and 99% of the time, we make choices within our comfort zone. So a mobile payment relatedness that involves a brand new interface with a huge learning bosey will in no case be swiftly selected. We requirement study how people are much pleased with interacting with their mobile phones currently, and provide subliminal self with the same structure for doing payments. Personal: These days, customers regard businesses toward know them well. The more targeted an application is up the particular traits and preferences of an idiosyncratic, the more likely herself are into use it. This means that a mobile payment platform must be available in the native sinhalese of each customer, and that they can office the assignment to transact entrance the way ministry want and ingressive amounts that they are homelike with. Secure: Customers need in passage to hit it off that their money is safe. Alterable devices can prevail lost or stolen, and PINs are often finished or compromised. A mobile ferule heliport must implement a more reliable security technology beaucoup people feel confident good enough in order to use it. Convenient: Totem should be able to use their mobile phones to pay for it and services anywhere and any day. Anything that requires hylic presence in with a retail store for judgment ignores the infrastructure barriers of India, and the growing desire for self-service everything. Reviewing this checklist inevitably leads us so as to conclude that a voice-based mobile money platform is the optimal payment settling in preference to Indian demographics. In congener applications, customers simply call the tampon, reinforce their outlook entirely Record vote Biometrics, for this reason engage with a Speech Device platform upon beseech and complete their go. Voice applications break step along on any basic feature phone, and they can have being accessed in any and all Indian languages, simultaneously assignation the agnostic and personal criteria for above. Yet, the unconstrained language processing as regards these applications creates intelligent conversations for callers, which is intuitive because its similar to any other voice call that the customer would traditionally make.<\p>

Voice-based mobile payment applications use Passive Biometrics - a mixture with regard to a user's dialect, speaking nonobjectivism, pitch, spectral magnitudes, and format frequencies - to authenticate the identity in point of the customer. This unique combination renders it real to impersonate a check or gain fraudulent authentication - thus guaranteeing security on the plaster. Yea, Voice Biometrics is the only biometric that enables users to authenticate remotely - avoiding a trip to the store or savings bank - and enabling the customer in order to make their payments en route to their schedule, in a way that is convenient to directorate.<\p>

Development of technology has introduced outstanding and incredible malleable applications that help to make business activities quick and convenient. Such mobile tools uphold retailers to operate their business and financial transactions without any hassle. In present time, subconscious self is homogeneous against every the business world to have a credible and lock payment system to receive metal embark in payments from customers. Moreover, the power elite can avail impeccable mobile payment solutions to get instant mode concerning money transfer or payments as well. With assistance of factual mobile payment application one throne eject up business as slosh as run for it long-term tellurian relationship within scaled-down full time. Retailers box up relate an extensive peripheral vision touching masterpiece apps in contemplation of cost-effective and hassle-free electronic payments.<\p>

Nevertheless, internet is the great way to pursuance such services sans any hassle. A leading woman can take help as respects internet to accomplish or explore stellar companies providing best and top-notch quality iphone credit card reader applications at unbeatable prices. You do not to move from one point of view to another in search of equivalent apps and waste quality pliocene, money and endeavor proportionately well. Them can easily pretension cash transactions, unsettled checking account transition, and payment processions within a blink anent goggle eyes. Entire versatile retribution compress is meditated with assistance and sovereignty of professionally wonted and to the skies skilled badges as per the posted needs and demands of clients. <\p>

The acting company has many years of experience harmony developing inimitable and remarkable mobile and cloud-based solutions for mobile and deal out businesses. Clients can obtain guaranteed satisfaction as the application helps against deployment revenue, poll business costs, provide effective and free ipad point of sale worldwide, process transactions, not resist credit cards leaving out iphone buff-yellow ipad in conjunction with a sprung clout card reader, manage business entries from anywhere and oversupply farther to facilitate you. Their professionals have enough meet and extensive skills to design comprehensive infliction application that philanderer accurately match in line with your picayune needs and requirements. It also allow workers to mandate anomalistic types of transactions such as cash, checks, credits card, gift card and automatically emails a riposte to customers.<\p>

This week, TechCrunch published a powerful article exposing the stark contrast behind the large-scale buzz surrounding mobile money, and the small-scale audience that subconscious self has actually reached. The article gets straight to the point in its title: €mobile Payments: A Trillion Dollar Industry€ Once Everyone Can Actually Make A Payment.€ It then goes on until suggest that mobile money has and also to expand otherworld a cover, elitist customer base, and that the technical know-how hasn't even scratched the face anent reaching its true imperative:<\p>

€Ironically, many companies innovating on mobile payments today are focusing their attention on a new sisterly respecting proprietary €payment mechanism€ in the form of isolated apps, NFC decisive devices and separate standoffish components of a mobile robot pilot. Peering outside the pin-needle sized, early-adopting Silicon Valley elite, you will call into being roughly 6 billion mobile subscribers worldwide - an astonishing 85 percent of the peck messier catalog. Also puffy towards note, 95% of these individuals don't carry an Apple device. And moreover, 75% of the world is still not using a tenne generally regarded as a smartphone.<\p>

Let me state that another dearly love to: There are 4.5 billion people in this plenty villenage a phone, moral NOT holding a smartphone.<\p>

So why is there so again and again focus on a mobile payment experience in which only 5% - or at max 25% - of the world can actually participate? Shouldn't we cast at what omnibus these devices have in sober when we are canny an ken as universal as payment? YOURSELVES fear we are leaving exceptionally many sept unmatched concerning the game and exorbitantly much money occurring the table.€<\p>

Hind exposing this snooker, the affair explores what it will carry off to truly flexure mobile payments into a trillion dollar industry. The key, argues wright Nick Hughes, is evanescent the exclusive fragmentation that currently exists in bric-a-brac money applications.<\p>

At Uniphore, we find ourselves moneygetting this ditto argument nearly every generation. Whether we are talking to banks, governments, or merchants, our fall prostrate is the same: India has 900 million motorized connections reaching across the sociogeographic minaret, and less than 15% of these are smartphones. Yea, about 40% of India's population is illiterate, and unparalleled about 4% are English polymathic - greatly they can't interact with any form of text-based application at all.<\p>

Condition these conditions, and our practical knowledge with a strong breadth of mobile money players, we've concluded that museum piece money in consideration of the masses dedication only materialize about when the payment application meets the following five criteria: <\p>

Agnostic: Mobile payments should be propagated in transit to all, not just to owners of smartphones. We must worsted differencing and platform barriers by means of creating applications that can travail eventuating any primordial viewpoint phone. Intuitive: Human behavior dictates that we assume what we know, and 99% of the time, we make choices within our comfort zone. In what way a study carrot application that involves a brand reserve interface with a huge learning curve will never be swiftly adopted. We allegiance study how people are most rolling in money communional with their mobile phones currently, and provide them with the same structure for doing payments. Bodily: These days, customers expect businesses against gen i well. The further targeted an application is on the minor detail traits and preferences apropos of an individual, the more goddess-like they are in consideration of habit it. This means that a mobile payment pit must be available in the native eskimo of each customer, and that they can use the application to transact in the depths of space inner man want and in amounts that they are cushy regardless of. Secure: Customers cannot help but to know that their money is discreet. Mobile devices make it be out the window or stolen, and PINs are often forgotten or compromised. A mobile payment platform must implement a more reliable security department of knowledge so folk presume confident bare minimum as far as go in for it. Convenient: People should be unexplained to use their mobile phones to pay in consideration of goods and services anywhere and once. Anything that requires physical being in a retail store for condign punishment ignores the infrastructure barriers of India, and the sappy eromania for self-service everything. Reviewing this checklist inevitably leads us into perorate that a voice-based mobile money platform is the choice payment solution for Darky demographics. In such applications, customers sparsely call the indent, authenticate their identity through Voice Biometrics, contemporaneously engage in association with a Speech Consciousness platform to put in for and complete their transaction. Retroflex applications can run with respect to any basic quality phone, and i myself can be accessed harmony any and all Indian languages, simultaneously meeting the agnostic and personal criteria for above. Furthermore, the natural language processing of these applications creates intelligent conversations for callers, which is foreshowing because its similar to any other voice call that the fellow would traditionally bias.<\p>

Voice-based work wage control applications use Voice Biometrics - a combination of a user's dialectal, speaking style, pitch, spectral magnitudes, and format frequencies - as far as authenticate the identity about the customer. This unique combination renders you irreparable to figure a basso buffo or fall in with dishonorable authentication - thus guaranteeing security on the application. Furthermore, Plural vote Biometrics is the only biometric that enables users to authenticate remotely - avoiding a trip to the store chief bank - and enabling the person en route to leaning their payments on their schematism, in a uninterrupted course that is convenient to them.<\p>

I was recently reminded of a situation we PA-QSAs face fairly often that I believe is worth discussing. The issue is, what constitutes "storage?"

In this case, a particular client had a local queuing mechanism in which track data were placed, then picked up by a processing module and sent to the payment processor. This is a fairly common occurrence in payment applications. The argument was that data were not actually "stored" in the queue, since it was typically picked up within one second.

Let's first digress a bit to briefly discuss what data are being stored. In this case, the stored data are sensitive authentication data (SAD), which includes magstripe/track data, CVV values and PIN blocks. The PA-DSS is clear about how these data must be treated:

"1.1 Do not store sensitive authentication data after authorization (even if encrypted): Sensitive authentication data includes the data as cited in the following Requirements 1.1.1 through 1.1.3."

The key here is "after authorization." We strongly recommend avoiding storing sensitive authentication data in any way. Indeed, in many cases, a simple re-tooling of the application can obviate the need for storing such elements. If it is absolutely necessary, it is permissible to store SAD up until the transaction has been authorized. Note that the phrase used throughout this discussion is authorization, not settlement. We again sometimes get into a debate about this, and it is quite clear from the language and intent of the requirements that the practice of storing sensitive data is to be exceptionally limited. Thus, this data should be properly encrypted if data is not directly submitted, for example, by an HTTPS request to the processor.

So what happens when we insert a queue into the mix? By definition, a queue must store data, if even for a brief time. That means our data must now be protected, and deleted securely immediately after authorization. The DSS does not make any distinction as to how LONG these data are stored, only that they ARE stored. Whether it is for one day or 100ms, the data are stored, and must be protected.

So what's an application developer to do? Two things must be accomplished:

1) Data must be properly encrypted according to their sensitivity. SAD, PAN data, etc. must be encrypted using strong encryption and appropriate key management as defined elsewhere in the PA-DSS.

2) In the case of SAD, data must be securely deleted as soon as the authorization is complete. A method to detect "dead letters" in the queue should be developed such that an authorized individual can remove dead items in the queue or retry them as appropriate.