BS ISO 37165:2020 Smart community infrastructures — Guidance on smart transportation with the use of digitally processed payment (d-payment).
6 Features of d-payment
D-payment used in smart transportation has specific characteristics and advantages:
— the equivalent in d-payment exchangeable for reserve currencies, such as US dollars, Euros and Chinese Yuan, that are further exchangeable for local currencies;
— quick payment through decentralization or point-to-point direct transactions;
— free exchange of local currencies with the d-payment equivalent of reserve currencies and vice versa;
— no specific machine-required transaction supported with mobile terminals (e.g. mobile phones and smartphones, tablets, PCs) and through telecommunication or internet services.
NOTE Transactions using mobile terminals are known as mobile or air payments.
7 Security of smart transportation by d-payment
7.1 General
In transportation and related or additional services, quick transactions are required. Transportation services operate on a set schedule, with on-time performance critical. Delays should only be incurred if safety is at issue. Security for smart transportation by d-payment can help to achieve these goals by:
— immediate completion of transaction procedures (e.g. mutual authentication);
— transaction communication protected from risks (e.g. modification, access, blocking. destruction, technological vulnerability);
— low cost to service providers for transactions.
Security is the most important procedure in smart transportation. As a minimum, d-payment security should provide the following for the handling of d-payment:
— fluidity;
— controllable anonymity;
— prevention of forgery;
— avoidance of in-error repeatable transactions;
— non-repudiation:
— avoidance of money laundering.
This security technical framework enables and ensures a successful implementation of d-payment in transportation and related or additional services. D-payment consists mainly of security, transaction, identification and certification processes.
7.2 0-payment wallet security
Transactions through d-payment wallets are secured by public-key cryptography using digital signatures and private and public keys.
NOTE In public-key cryptography, all participants in d-payment can obtain any public key, while private keys are hidden by the respective participants. When sending money to a recipient by d-payrnent, the sender uses a digital signature encoded with their private key that must match their public key. The recipient uses a digital signature encoded with their private key that must match their public key. Eventually, the sender and recipient can recognize each other for the right d-payment process.BS ISO 37165 pdf download.