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DOCUMENT #: GSC15-PLEN-77
FOR: Information
SOURCE: CCSA
AGENDA ITEM: 8
CONTACT(S): Mr. Zhao Ping, [email protected]
Telecom Finance
Zhao PingCCSA
China Telecom
Global Standards Collaboration (GSC) GSC-15
Telecom Finance Definition
Telecom Finance─Is a common important infrastructure
functionalities including Identification networking, E-money, payment, banking, exchange, investment, even P2P finance etc. for service/application entities or users in SP/NO world. With mobile and fixed telecom technologies, these features can be easily accessed anytime, anywhere, by anyone and could be supported in P2P mode.
Telecom Finance Functionalities Framework
Identification Network/Termina
l
Identification Network/Termina
l
Financial Entities/Facilities
Financial Entities/Facilities
E-MoneyE-Money
X-WalletX-Wallet PaymentPayment BankingBanking Exchange
Exchange
…RegulationsRegulations
ManagementManagement
B2BB2B B2CB2C P2P FinanceP2P Finance…
Key Requirements of Telecom Finance
Anytime, anywhere, can pay• Online payment• Mobile payment• Fixed payment• Remote payment• Onsite payment
Anytime, anywhere, can do business Anytime, anywhere, can finance Anyone can be Alibaba/Taobao/eBay owner in SP/NO. Telecom Finance activities will be implemented through telecom
activities, maybe a finance data session or a call. Security / Everything Identification
Strategic direction
General Telecom Finance Framework. Identification networking for Telecom Finance. E-money, payment etc. in SP/NO to support B2B, B2C,
C2C. Widely provide financial service with telecom technologies. Interface between Telecom and finance side. Interoperability. Regulations and management.
Challenges Regulations of Telecom Finance Security Habit and culture impact International interoperability Co-operations among PSO, SDOs, Telecom and
Finance side.
Development of Telecom Finance
Current standardizations and work• The technology requirement for electronic payment of mobile terminal based on
short-range radio communication technology,Technology report, CCSA• Identity management and identification systems, HIS, GSC • Others.
Micropayment / Small number payment--China Mobile
Online payment—Taobao/Alibaba
Mobile payment / Banking--KDDI / NTT
E-Money—NII
Future steps and standardizations• General telecom finance framework• Further study E-money, payment etc. in SP/NO, including P2P• Interface between telecom and finance• Telecom Finance study as Internet of Things.
Why Telecom Finance
Perfect payment in SP/NO cyber-society. Easily, equally and widely to access financial service for
most population. Faster money flow, e-business promotion to boom global
economy. Better financial regulations through identification
networking. Enhanced features for both sides of telecom and finance. More green. Make our society better.
New HIS Proposal
CCSA would like to propose Telecom Finance as a new HIS in GSC.
Supplementary Slides
11
Telecom Value is Changing
Traditional telecom value• Anytime, anywhere, to communicate
New telecom value• Anytime, anywhere, to do everything in SP/NO• Smart grid, E-health, ITS, USN, Railway communication, R-
education, entertainment, enterprise application, e-business such as Alibaba/Taobao/eBay etc.
Major factors are needed to do everything• Information flow - Information• money flow - Finance • Goods flow - Logistics
Fiber, Copper, Duct,Physical media, etc.
Video/Audio, IPTV, OnlineGame, eCommerce,Searching, BestTone, IM, VAS, CP etc.
4G/3G, NGN/IMS, internet, PSTN,Wimax, ICT, BroadBand etc.
Tier 3 Operators
Tier 2 Operators
Tier 1 Operators
Future Telecom Business Transformations
Infrastructure Network Operator (NO) -10+
Service Provider (SP) - 10000 +
Telecom and Finance need each other in SP/NO
In SP/NO world, Strong link between Telecom & Finance, which is Telecom Finance.
Telecom Finance Study
Telecom Finance Framework• Technology
Infrastructure for SP/NO Identification Network in NGN Interface between Telecom Operators and Banks. Security
• Management Rules Regulation Enforcement.
Cooperation
About Security General Basic Security
• Identification--Identification should be everything for security• Physical identification
Physical port/card Physical connection Physical Location/address
• Network Identification Network address Connection/route Terminal Signaling
• Service/Application Identification Service/Application Process
• Business/User Identification Individual / enterprise / SP SP/NO interface
• Finance Identification
Implementation of Telecom Finance
ID card, credit card embedded in phone/terminal can communicate anytime, anywhere.
E-Money will replace traditional money step by step. P2P finance will be supported together with traditional
finance. Implement a integrated infrastructure for B2B, B2C and
C2C business in our SP/NO cyber-society.
Summaries Telecom operation requires more financing
functions. Telecom operators and banks will impact each other.
Telecom Finance needs a IDENTIFICATION network technology.
Telecom Finance, also Internet of Things. Telecom Finance, a new important infrastructure
to boom economy. Standardization of Telecom Finance.
Telecom Finance, Better Society.
Definitions
E-Money• refers to money which is only exchanged electronically.
P2P finance• refers to person to person lending without the
intervention of banks.
Fora
OMA MeT Mobile Payments Forum Mobey Forum PayCircle Irda Raddichio Liberty alliance Parlay/OSA GSMA
