tag:blogger.com,1999:blog-38136534.post8463974834197807505..comments2024-01-25T07:09:39.896-08:00Comments on Mobile Banking: Why SIM based solutions are best for Mobile BankingHannes@Homehttp://www.blogger.com/profile/05855107176790028364noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-38136534.post-14896554015271491772011-01-26T16:18:41.271-08:002011-01-26T16:18:41.271-08:00Good writeup Hannes,I have been part of the Fundam...Good writeup Hannes,I have been part of the Fundamo deployments in WECA countries and if there's one thing I appreciate most its the simplicity in integrating several channels and entire durability of the system.Good stuff.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-27222193864569128222010-07-25T06:28:30.023-07:002010-07-25T06:28:30.023-07:00Great ideas about the narrow aspect of the technol...Great ideas about the narrow aspect of the technology of mobile payment/banking etc. Specifically any solution that restricts the service provider or user to a single carrier is problematic. Remember these payment mediums are to replace cash/cards/ivr transactions. If you require restrictive control of the ability to spend freely you can not say you have an uptimized solution.Yes the SIM solution could have worked and have externsive implimentation but it does not mean that that is the best way to do it. In the my experience a lot of the banking and even telecoms executives are not too familiar with the verious technical options and what business model works well with which consequently a vendor with a good provile ( Marketing) always succeeds in putting solutions which are inferior or not the best to a captive market. I do agree that what ever the case you should plan on dealing with the carrier. I am very familiar with other carrier idependent solutions (SD,NFC,STK ondevice) which the carrier eventually frustrates becuase they want to be in the game and still be the umpire. I will go for USSD for it does exactly what the SIM will do only more efficiently and does not need any OTA, version control or maintain bank signed certificates. Speed of implementation and speed of execution can not be matched by any other solution. Very interesting comments.Unknownhttps://www.blogger.com/profile/10570706987070010731noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-86126710083389187132008-10-22T01:08:00.000-07:002008-10-22T01:08:00.000-07:00Good point. See my latest blog on this.Good point. <BR/>See my latest <A HREF="http://mbanking.blogspot.com/2008/10/is-ussd-for-mobile-banking-cul-de-sac.html" REL="nofollow">blog</A> on this.Hannes@Homehttps://www.blogger.com/profile/05855107176790028364noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-88681889964125671062008-10-21T17:49:00.000-07:002008-10-21T17:49:00.000-07:00Care to elaborate on the cul de sac of using USSD ...Care to elaborate on the cul de sac of using USSD as the channel for mobile banking/payment.<BR/>Cheers<BR/>BakariAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-53760317043319288692008-10-21T17:43:00.000-07:002008-10-21T17:43:00.000-07:00What if we can do away with telco dependency for a...What if we can do away with telco dependency for a secured mobile financial transaction. Of course you did mention that we have to be plug to the network to enable the transaction. From my perspective telco should remain in their core business and facilitate the transaction. I also believe there is a suitable mobile payment business model for the telco to play a role. One thing for sure you can't play the game by being the umpire and the player at the same time.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-7284910298411888492008-10-09T04:45:00.000-07:002008-10-09T04:45:00.000-07:00All... there is a big difference between mobile ba...All... there is a big difference between mobile banking, mobile commerce and mobile PAYMENTS. if you are doing mobile payments, ask yourself: what is pivotal for me to use te service?<BR/>answer: simplicity (of signup and use) and universality. Speed, cost and security also register as important factors but the first 2 always win in surveys.<BR/>Startscriber had it right:<BR/>the solution must work out of the box and an it has to stack up well to making a regular phone call.<BR/>Java/IP, SIM toolkit, Wap, SMS just do not cut it. what's left is: USSD and Voice/IVR channels.<BR/><BR/>Everything else will not pass the "will my mother do it " test.Unknownhttps://www.blogger.com/profile/02998818650004849703noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-84281657929563341122008-04-18T21:25:00.000-07:002008-04-18T21:25:00.000-07:00Hi:Correction ..."USSD on the other hand, hoard a ...Hi:<BR/><BR/>Correction ...<BR/><BR/>"USSD on the other hand, hoard a voice channel for the duration of the transaction time (from base station to IN platform), and this is expensive, because one less voice call can be made."<BR/><BR/>USSD is 100% control channel signaled. Only uses SDDCH (and Fast when on call). Zero TACH (traffic channel) in the mix.<BR/><BR/>On the air interface TACH is the limiting resource.<BR/><BR/>My2cents:<BR/><BR/>Playing on the "peripheral" is playing on the periphery. For critical mass adoption service has 2work out the box. And from user acceptance (sustained and repetitive use) standpoint the metric and litmus test is simply this: how does it stack up to making a regular phone call?<BR/><BR/>Java ... SIM ... USSD ... all fail on 2clix 2ubiqt.<BR/><BR/>ak.starscriberhttps://www.blogger.com/profile/17063191739795105773noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-7325052982592526562008-02-05T17:37:00.000-08:002008-02-05T17:37:00.000-08:00Hannes,I am prepared to discuss further points of ...Hannes,<BR/>I am prepared to discuss further points of mutual interest with you as you have definately stirred up some discussion on some very interesting topics - i will email your hotmail..Simonhttps://www.blogger.com/profile/15654714636290943673noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-80454778155433459322008-01-16T12:07:00.000-08:002008-01-16T12:07:00.000-08:00The purpose of my blog is to trigger discussion an...The purpose of my blog is to trigger discussion and it seems as if this entry surely did. I appreciate all of the comments and value your contributions. As per some of the comments on the accuracy of my blog:<BR/>1. I based my comments regarding Maxis and Visa on a presentation made by Visa at Mobile Payments 2006 in Bangkok.<BR/>2. "not one SIM card in the world certified by the Banking world" is a bit of a difficult statement to substansiate. For a fact, my company (Fundamo) have deployed mobile banking solutions utilising SIM's certified by mainstream banks. The PIN entry on one of our deployments have been certified by Mastercard. (under PPID standards).<BR/><BR/>Anonymous, next time, why don't you identify yourself, as I would love to meet you and discuss many topics of mutual interest.Hannes@Homehttps://www.blogger.com/profile/05855107176790028364noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-21872845944193343132008-01-15T23:38:00.000-08:002008-01-15T23:38:00.000-08:00You have also left out the most important part of ...You have also left out the most important part of the discussion regarding SIM's & A/C data on the chip - there is not one SIM card in the world certified by the Banking world for supporting a Banking application..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-91870284830907689532008-01-15T23:36:00.000-08:002008-01-15T23:36:00.000-08:00Actually - your report on SIM based for Visa & Max...Actually - your report on SIM based for Visa & Maxis is completely incorrect - the SIM based solution was & is still not today - ready for deployment - the deployment then was centred on a Java based application - how do i know this? because i was the Project Manager...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-65777609067109487072007-12-18T18:51:00.000-08:002007-12-18T18:51:00.000-08:00This guy understands nothing about mBanking.This guy understands nothing about mBanking.DavidGoosehttps://www.blogger.com/profile/07064717789019301076noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-78994707539299169662007-10-04T18:10:00.000-07:002007-10-04T18:10:00.000-07:00A SIM approach would not work globally.A SIM approach would not work globally.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-75399361163154410202007-07-14T14:02:00.000-07:002007-07-14T14:02:00.000-07:00USSD is only available when deployed by the mobile...USSD is only available when deployed by the mobile operator an dmade available commercially. I would not call that ubiquitous... Many operators do not allow 3rd party applications on USSD (as it cannot be billed effectively).<BR/><BR/>USSD is a cul de sac for payments. If you don't like SIM cards, rather consider Java, Brew or WAP.Hannes@Homehttps://www.blogger.com/profile/05855107176790028364noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-53263199281985419082007-07-12T22:57:00.000-07:002007-07-12T22:57:00.000-07:00I have a mixed opinion about using the intelligenc...I have a mixed opinion about using the intelligence of a medium to enable the M commerce. Sim based application have their own strengths and so does USSD and Java based applications. <BR/>The prominent aspect of a successful m commerce deployment is to provide three things.<BR/>1. Security<BR/>2. Convenience<BR/>3. Interoperability.<BR/>I think USSD gives more ubiqutousness and interoperability then the rest of the two mediums. It is also important as to what should be the level and cost of implementing security. If we allow small transactions over the mobile then one can do with the risk of using an USSD application.<BR/>Also let me know why we need MNO and why not we have a single platform that can act as a service provider rather than an application platform provider..Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-42195521862604016192007-06-04T04:14:00.000-07:002007-06-04T04:14:00.000-07:00"you cannot top-up your pre-paid airtime with prem..."you cannot top-up your pre-paid airtime with premium SMS's, neither can you pay bills with it."<BR/><BR/>Hi Hannes,<BR/>I kind of disagree with your comment above. Those can actually be done, and have been done.<BR/>As for USSD not being secure, i think it depends on how it's implemented by the providing company. The technologies you've compared in this blog entry can actually be fused together to produce very secure, and powerful GSM/CDMA mobile applications. <BR/><BR/>As for SIM based applications, i would not subscribe to it even if it can be OTA deployed. what happened if the SIM gets missing or breaks? The application goes with it. What if the user wants to switch network provider? He loses the service of the deployed application. I would rather go with java applications as they have proven to me to be the most scalable and user friendly.<BR/>My two cents<BR/>If you would a more detailed discussion on this lets chat on MSN as I've added you already. I am 'subzero_kehinde@hotmail.com'<BR/><BR/>or in 'Phones, Internet and Computers section' of the website belowAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-86978203721072924102007-05-29T16:01:00.000-07:002007-05-29T16:01:00.000-07:00Anything that you do on mobile phones require a re...Anything that you do on mobile phones require a relationship with the MNO. Think about it: you have to plug into the network to send SMS's, to do USSD transactions. To work with a MNO and utilise the SIM's capabilities is not different in any ways.<BR/><BR/>The use of premium SMS's are extremely limited in terms of functionality and applicability. Just as a few simple examples: you cannot top-up your pre-paid airtime with premium SMS's, neither can you pay bills with it.Hannes@Homehttps://www.blogger.com/profile/05855107176790028364noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-64869706867856328602007-05-21T00:34:00.000-07:002007-05-21T00:34:00.000-07:00Piggybacking on the SIM card requires a close rela...Piggybacking on the SIM card requires a close relationship with the MNO's. Since mobile payment solutions are threatening their regime in regards to ex. premium SMS, how can this be done in a cost-effective and independent way, not paying the MNO’s loads of money to cover for their PSMS loss?<BR/><BR/>The case with Visa showing off their new things – it requires a new mobile phone for the users and (of course) a Visa card. Not independent at all – show how will this apply to the mass-market?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-38136534.post-22480050992978682312007-04-20T00:31:00.000-07:002007-04-20T00:31:00.000-07:00Thanks for your comments on my blog, Edward. We ha...Thanks for your comments on my blog, Edward. We have been deploying SIM based mobile banking solutions since 1999. Our technology has been OTA'ed, ported, personalised on millions of SIM cards all over the world and we know exactly how to do it. I would love to talk to you if you don't mind sending me an e-mail to hannesvr@hotmail.comHannes@Homehttps://www.blogger.com/profile/05855107176790028364noreply@blogger.comtag:blogger.com,1999:blog-38136534.post-13774172807459174322007-04-18T20:33:00.000-07:002007-04-18T20:33:00.000-07:00If we can have a silicon that can work on any SIM,...If we can have a silicon that can work on any SIM, what do you think it will be the possible mobile banking solution? SIM Application via OTA? Any channel we can refer to to understand how can we devolop such solution? Many thanks, Edward @ ROCKEYAnonymousnoreply@blogger.com