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 on mobile devices, and for enabling customers to make payments using the provisioned Virtual PIN pads for the purchased goods and services. The system comprises a Virtual PIN pad and a transaction backend module. The Virtual PIN pad 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 conforming to all security standards of the payment domain. The transaction backend connects the Virtual PIN pad to a payment institution. The customer can make a payment by entering an account identifier card's PIN into the Virtual PIN pad. The Virtual PIN pad encrypts the entered PIN using certified security mechanisms, and transmits it over a secure channel to the payment institution for verification and payment authorization, via the transaction backend. The backend ensures the integrity of transaction in the mobile data environment.