METHOD AND SYSTEM FOR MAKING CARD-BASED PAYMENTS USING MOBILE DEVICES

摘要

The present invention provides a system, a method and a computer program product for provisioning Virtual PIN pads (107) on mobile devices, and for enabling customers to make payments using the provisioned Virtual PIN pads ( 107) and a transaction goods and services The system comppses a Virtual PIN pad (107) and a transaction backend module (109) The Virtual PIN pad (107) is a software emulation of a PIN Entry Device (PED) and is provisioned on the mobile device securely with all requisite keys and certificates, while confirming to all standards of the payment domain The transaction backend connects the Virtual PEN pad (107) to a payment institution The customer can make a payment by entering an account identifier card's PIN into the Virtual PIN pad (107) The Virtual PIN pad (107) encrypts the entered PIN using certified security mechanisms, and transmits it over a secure channel to the payment institution for verification and payment authopzation, via the transaction backend The backend ensures the integrity of transaction in the mobile data environment