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Add Tokenized Payments scenario.
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@msporny
msporny committed Apr 1, 2015
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Expand Up @@ -595,7 +595,7 @@ <h2 id="phases-overview">A Simple Example of the Payment Phases</h2>
</p>

<section>
<h3>Negotiation of <a>purchase</a> Terms</h3>
<h3>Negotiation of Purchase Terms</h3>
<ul>
<li>
<strong>Discovery of Offer</strong>: Jill begins her <a>purchase</a> at
Expand Down Expand Up @@ -2105,6 +2105,106 @@ <h3>Credit Card Purchase</h3>
<p><em>To be completed</em>.</p>
</section>

<section>
<h3>Tokenized Payments (ApplePay / Venmo / CyberSource)</h3>
<p>
The following scenario outlines payment using a mobile device and
tokenization. The merchant has provided a mobile application that
customers can download in the example below. This example may apply to
various tokenization payment systems now in use, such as ApplePay,
CyberSource, Venmo, etc.
</p>

<h4>Negotiation of Purchase Terms</h4>
<ul>
<li>
<strong>Discovery of Offer</strong>: Tom uses the Terrific-Tools Application
to select a new ax to purchase and finds a hickory handled model like the
one his father had.
</li>

<li>
<strong>Agreement on Terms</strong>: Tom selects the ax to purchase.
</li>

<li>
<strong>Application of Marketing Elements</strong>: <em>Not applicable to
this particular use case.</em>
</li>
</ul>

<h4>Negotiation of Payment Instruments</h4>
<ul>
<li>
<strong>Discovery of Accepted Schemes</strong>: The mobile device uses
tokenized <a title="payment instrument">payment instruments</a> and the
Terrific-Tools Application displays the options available.
</li>

<li>
<strong>Selection of Payment Instruments</strong>: Tom chooses to pay
with MasterCard.
</li>

<li>
<strong>Authentication to Access Instruments</strong>: Tom uses the
fingerprint recognition feature of his device to select the
<a>payment instrument</a> and authenticate his use of the
instrument (MasterCard).
</li>
</ul>

<h4>Payment Processing</h4>
<ul>
<li>
<strong>Initiation of Processing</strong>: The Terrific-Tools Application
communicates with the Terrific-Tools Server and creates a unique
transaction ID.
</li>
<li>
<strong>Verification of Available Funds</strong>: <em>Not applicable to
this particular use case.</em>
</li>
<li>
<strong>Authorization of Transfer</strong>: The following steps are performed
by the <a>payment processor</a>:
<ol>
<li>
The Terrific-Tools Application presents the transaction payload along to an
internal SDK and gets back an encrypted transaction payload: tokenized card
data, cryptogram, transaction details.
</li>
<li>
The Terrific-Tools Application sends the encrypted transaction payload to
the Acquirer [not the same as the Terrific-Tools Server].
</li>
<li>
The Acquirer decrypts the information and processes the transaction.
</li>
<li>
The Acquirer responds back to the Terrific-Tools Application with an approval.
</li>
</ol>
</li>
<li>
<strong>Completion of Transfer</strong>: The acquirer sends a transaction
receipt to the Terrific-Tools Server.
</li>
</ul>

<h4>Delivery of Product/Receipt and Reversals</h4>
<ul>
<li>
<strong>Delivery of Receipt</strong>: The Terrific-Tools Server sends a
transaction receipt to the Terrific-Tools Application on the mobile device.
</li>

<li>
<strong>Delivery of Product</strong>: Terrific-Tools, Inc. ships the ax to Tom.
</li>
</ul>
</section>

<section>
<h3>PayPal / Alipay / Google Wallet Payment</h3>
<p>
Expand All @@ -2115,7 +2215,7 @@ <h3>PayPal / Alipay / Google Wallet Payment</h3>
fingerprint instead of a password to authorize the payment.
</p>

<h4>Negotiation of <a>Purchase</a> Terms</h4>
<h4>Negotiation of Purchase Terms</h4>
<ul>
<li>
<strong>Discovery of Offer</strong>: Anna searches for a flight on
Expand All @@ -2131,7 +2231,7 @@ <h4>Negotiation of <a>Purchase</a> Terms</h4>
<strong>Application of Marketing Elements</strong>: <em>Not applicable to
this particular use case.</em>
</li>
<ul>
</ul>

<h4>Negotiation of Payment Instruments</h4>
<ul>
Expand All @@ -2151,7 +2251,7 @@ <h4>Negotiation of Payment Instruments</h4>
airline ticket with 600RMB and she confirms it. Anna uses her fingerprint to
approve the payment.
</li>
<ul>
</ul>

<h4>Payment Processing</h4>
<ul>
Expand All @@ -2171,7 +2271,7 @@ <h4>Payment Processing</h4>
<strong>Completion of Transfer</strong>: The booking website gets a message
from Alipay that the transfer is complete.
</li>
<ul>
</ul>

<h4>Delivery of Product/Receipt and Reversals</h4>
<ul>
Expand All @@ -2186,7 +2286,7 @@ <h4>Delivery of Product/Receipt and Reversals</h4>
Anna with the flight information including the airline, flight number,
departure time, and gate number.
</li>
<ul>
</ul>
</section>

<section>
Expand Down Expand Up @@ -2231,7 +2331,7 @@ <h4>Negotiation of Purchase Terms</h4>
coupon she has in her wallet. She adds another pair of socks and continues
with the checkout process.
</li>
<ul>
</ul>

<h4>Negotiation of Payment Instruments</h4>

Expand All @@ -2252,11 +2352,10 @@ <h4>Negotiation of Payment Instruments</h4>
payment is less than $50, Lenne isn't asked for her two-factor authentication
device to approve the <a>purchase</a>.
</li>
<ul>
</ul>

<h4>Payment Processing</h4>
<ul>

<li>
<strong>Initiation of Processing</strong>: Lenne's cloud-based Bitcoin wallet
provider initiates the <a>transaction</a>.
Expand All @@ -2278,7 +2377,7 @@ <h4>Payment Processing</h4>
release the product when the appropriate number of verifications are made on
the <a>transaction</a>.
</li>
<ul>
</ul>

<h4>Delivery of Product/Receipt and Reversals</h4>
<ul>
Expand All @@ -2292,7 +2391,7 @@ <h4>Delivery of Product/Receipt and Reversals</h4>
<strong>Delivery of Product</strong>: AlpacaToesCo ships the package of socks
to Lenne and she receives them the next day.
</li>
<ul>
</ul>
</section>

</section>
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