International corporate VP and E RADAR trustee Simon Cattlin looks at the nature of electronic contracts. This includes identifying and authenticating the parties as well as securing the electronic contract around a confidential framework which has integrity. Mobile payments form part of the 'consideration' in any mobile commerce transaction.

1. Simon Cattlin
Securing Mobile Payments
IOCS, 2013 – Confidential

2. What’s the background
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UK economic need
UK/EU regulatory and legal requirements
Consumer behaviour
Technology adoption
IOCS, 2013 – Confidential

3. The technology heritage
Silanis
eBay
Docusign
Adobe IOCS
Bango Luup
Paypal A cast of thousands…
Its not about phones – its about digital convergence and
straight through processing.
IOCS, 2013 – Confidential

4. The history
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IP has been “out there” since 1992
Millions of users
$ Billions transacted annually
Legally tested
Statute and directives in-place
IOCS, 2013 – Confidential

5. Public Sector Adoption
IOCS, 2013 – Confidential

6. Finance Sector Adoption
IOCS, 2013 – Confidential

7. Retail Sector Adoption
IOCS, 2013 – Confidential

8. Complexity
E LECTRONIC
FULLY–AUTOMATED
P H Y S I C A L, S E M I – A U T O M A T E D
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CLIENT VALUE
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COST
D A Y S
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Print
Postage
Admin
Errors
Scanning
Delivery
Storage
COMPLIANCE
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Onerous ID process
Admin overhead
Delayed execution
Sales processes not
captured
Paper agreements lost
CARBON
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Increased footprint
ROI = 90% reduction2013 – Confidential
- cost / time / risk
IOCS,

9. Workflow
electronic agreement processing
universal
application
identity
checks
document
generation
fraud
checks
content
process
electronic
signature
management
orchestration
mi /evidence
ma n a g e m e n t
IOCS, 2013 – Confidential
vaulting /
delivery

10. The zone
eSign Law
UK & EU
Technology
Consumer
Credit Law
Get it wrong = PPI +++++
IOCS, 2013 – Confidential

11. Who are the Specialists?
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Bird and Bird, Lorna Brazell, Partner: the UK’s leading expert on e-signature law and e-contract enforceability.
Author: Electronic Signatures, and Identities © Bird & Bird, 2008;
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Benjamin Wright: lawyer, government advisor and leading US expert on e-signature and electronic evidence.
Author: E-Signatures, Are We Building Sufficient Electronic Evidence? © B. Wright, 2007; The Law of
Electronic Commerce, © Aspen Law & Business, 2006
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Locke Lord Bissel & Liddell: Specialist e-records management legal experts. Authors: From E-Discovery to EAdmissibility Lorraine v. Markel and What May Follow, © Lord Bissell & Brook, LLP 2007
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Judge Paul W. Grimm: Chief Magistrate Judge - the presiding judge in Lorraine v. Markel and author of the
subsequent 101-page opinion on getting e-records into evidence
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Judge Christopher M. Klein: U.S. Bankruptcy Judge and Chief Judge of the Bankruptcy Appellate Panel of the
Ninth Circuit – the presiding judge in American Express v. Vinhnee, 2005
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Professor Edward J. Imwinkelried: Professor of Law and Director of Trial Advocacy, Author: 11-Factor
Foundation Process for Electronic Records, © Matthew Bender, 2008
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Tower Group, Karen Pauli, Senior Analyst. Author: Electronic Signature and Secure Forms in the Insurance
Industry: Taking the P&C Pen to the Web, © Tower Group, 2007
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Gartner, Gregg Kreizman, Research Director, IT. Author: Electronic Signature Suites and Services: Preserving
the Electronic Trail 10 Years From Now, © Gartner 2008
IOCS, 2013 – Confidential

12. What do they say?
There are…
…principles of
enforceability
IOCS, 2013 – Confidential

13. 6 Principles of Enforceability
1
2
full ID
audit trail
4
3
reproduce
exactly what the
customer saw
6
5
true copy for
customer
reproduce exactly
what the
customer did
persuasive
evidence:
non-repudiable
evidence:
• simple
• non-technical
• integrity
• unity
IOCS, 2013 – Confidential

14. Example: IOCS-Systems approach: Law First
INDEPENDENT IOCS ENVIRONMENT
IOCS, 2013 – Confidential

15. INDEPENDENT IOCS ENVIRONMENT
IOCS, 2013 – Confidential

16. –
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Full ID audit trail
What the customer saw
What the customer did
True copies
Practical, persuasive evidence
Integrity / unity
INDEPENDENT IOCS ENVIRONMENT
IOCS, 2013 – Confidential

17. ID Verification - Big Data
IOCS, 2013 – Confidential

18. Compliance / Accreditation
IOCS has a significant advantage in terms of regulatory compliance and legal endorsement:
VeriSign Certified
Compliant with UK
government guidance on
e-signature
DP Registered: Z2365706
OFT / CCA Compliant
PCI Compliant Q413
UK and EU
e-Signature
Legislation
Compliant
IOCS is the only service of its kind to have been approved for use by the UK’s leading law firms and QCs
specialising in consumer credit, banking and electronic transactions:
Malcolm Waters
Fred Philpott
IOCS platform will transact–£2,000,000,000 in 2013
IOCS, 2013 Confidential

19. Some useful people to know
IOCS-Systems
SSLPost
Excipere
Thankyou - questions
IOCS, 2013 – Confidential