EESTEL. Association of European Experts in E-Transactions Systems. Apple iphone 6, Apple Pay, What else? EESTEL White Paper.

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1 EESTEL White Paper October 29, 2014 Apple iphone 6, Apple Pay, What else?

2 On 2014, September 9 th, Apple has launched three major products: iphone 6, Apple Watch and Apple Pay. On October 17 th, Apple launched also ipad Air 2 and ipad mini 3, equipped with the same technology, and Apple Pay ready. The EESTEL experts give here some insight view, as far we can go with the current information. Card enrolment in

3 What is new in iphone 6? Is iphone 6 NFC equipped? YES, it is. But NFC is only usable by Apple certified apps. Today NFC seems to be restricted to Apple Pay feature. Is there a SE secure element in iphone 6? YES, there is one embedded SE. The NXP chip PN65V includes both a NFC controller and the embedded Secure Element Smart MX. This SE is only usable by Apple certified apps. The secure element hosts payment applets (one for each supported scheme), sensitive data, keys and cryptographic capacities to do calculations with those elements. Which iphone 5 features remain in iphone 6? Is there a fingerprint reader in iphone 6? YES, the same as for iphone 5S. Is still there a Secure Enclave in iphone 6? YES, there is. Launched with iphone 5, the secure enclave is an A8 coprocessor managing some isolated memory (a trusted zone like). The secure enclave securely hosts a unique ID per device, the Apple phone PIN and the fingerprint mathematic calculation. But the secure enclave is only usable by Apple certified apps. Is the fingerprint reader secure? NO But YES! It is technically possible to counterfeit a fingerprint, and to defeat the fingerprint control, but it needs some hardware, some technical skills and a lot of time to do it. Moreover, the fingerprint is the second barrier to iphone access: after a switch-off, you need to re-enter your pin code to switch on your iphone. After 3 unsuccessful fingerprint trials, you must reenter the pin.

4 What is new with Apple Pay? Is it the first time Apple is involved in payment? NO and YES. Apple acts as a merchant with its ITunes store or Apple Store, a private payment system in which you can buy several items and get a unique bill. But this is the first time that Apple acts in payment ecosystems as a supplier of secure mobile payment system, using new technology like tokenization and biometrics. Is it a new payment method? NO. You can already pay with your NFC smartphone (ANDROID) and a card emulation application hosted in the secure SIM card of the operator (Cityzi) or other SE. Are my payment card data secured? YES. When you enroll in the system, you are given a virtual card number uniquely linked to your real card number and the iphone unique ID. This virtual card number and the related data are hosted in the secure element of your iphone. Only the Token Service Provider manages the relationship between the virtual card number and the actual card number, under the liability of the card scheme. Is my payment secure? YES. With one exception: if you had both your fingerprint and smartphone stolen, and had not yet declared it. In the other cases: when you make a payment, your virtual card number, along with the data of the transaction, are sent encrypted to the Token Service Provider, which decrypts, checks your IDs (Card and phone), sends an authorization request to your issuer, and if correct, validates the transaction with the merchant. Do I have to change my current card if my phone is stolen? NO. As soon as I declare the theft, my virtual card number is deactivated. Is Apple Pay available in France? NOT yet. Today Apple Pay is only available in the USA. It should be launched in Europe in Is Apple Pay EMV compliant? YES, it is. The cryptography, as well as the tokenization mechanism used conforms to EMV / PCI specifications. Is Apple Pay HCE compliant? NO. Apple payment architecture is different from HCE specification and does not care about it (as far as we know). iphone 6 Motherboard

5 What is the business model of Apple Pay? The merchant and the customer are not involved in the Apple Pay business model however there should be agreements between Apple and Token Service Providers, and between TSP and Issuers. What are the pros and cons of Apple Pay? Pros For the consumer Cons Biometric authentication for each payment Payment card data secure Secure element TSP managed by card scheme NFC for face-to-face payment 3D Secure support for e-commerce payment Simplified enrolment Only available on iphone 6, Apple Watch, ipad air 2 and ipad mini 3 Enrolment mandatory NFC features not available for standard applications Pros For the merchant Cons No impact (if NFC POS) NFC for face-to-face payment 3D Secure support for e-commerce payment Only available on iphone 6, Apple Watch ipad air 2 and ipad mini 3 NFC features not available for standard applications Apple Pay security seems trustable. * EESTEL experts opinion Apple Pay system is the first to offer strong authentication integrated in the mobile, even in e-commerce. Apple Pay will play the role of a booster for NFC deployment. To arrive in France, Apple will have to negotiate with the schemes (CB, MC, Visa).

6 About EESTEL EESTEL (European Experts in Electronic Transaction Systems) is a non-profit organization federating functional, technical, regulatory experts in electronic transaction systems: payment, merchant services, ticketing, electronic ID, healthcare, mobility EESTEL is a hub, providing those experts with the opportunity to share their expertise and know-how. EESTEL improves and promotes state of the art in electronic transaction thanks to its basic principles: Excellence of a specialists network in electronic transaction systems: smartcards, mobile phones, POS, networks, transactions and systems security and acquiring, issuing, authorizing systems. Complementary skills, covering a wide domain: services architecture, business vision, technology, technical architecture, project management, tests, homologation, certification. Complete independence from any financial or industrial group. EESTEL produces workshop sessions, conferences, training sessions and publications. EESTEL was created in 1998, and affiliates today 55 members, totaling more than years of expertise. dvhjdsklvfnhlbvdflbv 0 Press contact Thibault Capitant Phone: Follow us on

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