NTU CashCard Payment System

CashCard for Open Network E-Commerce (C-ONE)

  

 

How C-ONE Works

This section will describe the various components that make up the C-ONE system. It details what the consumer, merchant and NETS need to have in order to carry out a CashCard payment over the Internet.

 

Consumer (Students/Staff)

To carry out Cyber Shopping with a CashCard, a consumer needs to have the following components installed into his Internet-enabled personal computer.

  1. An E-Wallet
    The Electronic Wallet (E-Wallet) is a piece of software that will interact with the CashCard to enable it to make a payment to the merchant. The E-Wallet can be downloaded for FREE at the NETS website at http://www.nets.com.sg/
  2. A Smartcard Reader
    A Smartcard reader needs to be used together with the CashCard. Smartcard readers need to be certified by NETS to be suitable for C-ONE. These Smartcard Readers can be purchased from computer shops, petrol stations, etc. The Smartcard readers issued to Singapore ONE pilot users as been certified as suitable for C-ONE as well.
  3. A CashCard
    The shopper needs to have a CashCard in order to carry out cyber-shopping. The consumer can buy CashCards from any branches of DBS Bank, Keppel Bank, OCBC Bank Group, Overseas Union Bank, POSBank, Tat Lee Bank, United Overseas Bank, or any Singapore Post outlets or CashCard Auto Machines(CAM). When the cash value is low, consumers can top-up their CashCard at Automated Teller Machines (ATMs), CashCard Service Terminals (CSTs) or CashCard Auto Machines (CAMs). The CashCard can also be used for ERP, shopping at retailer outlets and making phone calls.

 

Merchant (NTU)

The merchant will be required to have a C-ONE payment component integrated into their web server before their system can accept CashCard transaction. The C-ONE component comprises of a software called the Merchant Payment Gateway (MPG) and a digital certificate issued by NETS' Certificate Authority (CA).

 

NETS

NETS' backend is the heartland of the whole system. It provides a series of checks to the whole system, e.g. checks for attempts to use fraud, blacklisted or faulty cards, checks by the CashCard to ensure that it is really talking to NETS' system and not somebody's system, and there are also mutual checks between NETS' and the merchant's system.

NETS' system also stores all C-ONE transaction in its database. The database will be used for settlement and crediting the merchant's account the next working day.

 

Security

The C-ONE system uses SSL communication with 192-bit encryption. Even browsers in the US currently only have a 128-bit encryption strength. Therefore, coupled with the CashCard's existing security you can rest assured that your transaction is secure and private.

All successful transaction records are stored in the consumer's personal computer and on the CashCard. In addition, the merchant and NETS will have copies of the consumer's successful transaction in their database.

 

Current Applications Available (Over the Internet)

As of 12th September 98, nineteen merchants have accepted CashCard on their websites. More are expected to come do so soon. Please refer to NETS website (http://www.nets.com.sg/) for the latest additions.

1. Community Services
 
  • Community Chest
    You can make donations to the Community Chest
    here with as little as $1.
     
2. Consumer Products or Shopping Malls
 
  • BNN
    It has many merchants selling various items online
    including Fashion goods, Computer goods, CDs and
    Hampers/Flowers.
  • ClickDiz
    The Online CD-ROM Extravaganza
  • CDWEB
    Buy a wide selection of audio CDs from the
    convenience of your home at competitive prices.
  • Expoplanet
    The preferred virtual expo and cybermall, owned
    and operated by Brel Software. Choose from the
    wide variety of promotional items and enjoy
    extraordinary savings.
  • FLOWERWEB
    A wide range of flowers & gifts for delivery in
    Singapore, Malaysia and Indonesia.
  • Health Online Pte Ltd
    Cybershop for a great variety of OTC medicines
    and healthcare products. For delivery in Singapore
    only.
  • Nanyang Optical
    You can find a wide range of eye wear and you can
    try them online.
  • PlazaOne
    PlazaOne engages the customer in a complete
    shopping experience , not possible with static
    product displays.
     
3. Educational Products and Services
 
  • Systems Education Centre (1983) Pte Ltd
    Offers high quality educational CD-ROM products
    and exciting on-line games.
     
4. Entertainment
 
  • Television Corporation of Singapore
    You can subscribe to TCS' Video On Demand
    service - 1-ON-ONE. Now, missing your favourite
    programme is a thing of the past. Pay for your
    subscription now with your CashCard.
     
 5. Food
 
  • Pizza Hut
    Order your pizza online and pay for it online with
    your CashCard. No more searching for dollars and
    coins when your pizza is delivered to your
    doorsteps.
     
6. Government Services
 
  • Inland Revenue Authority of Singapore
    Valuation List (VL)
    You can use this service to retrieve the name
    of owner(s) of property, the annual value, the
    effective date of the annual value and property
    tax rate.
  • Singapore Department of Statistics
    The virtual one-stop centre for purchase of official
    statistical publications and data series on Singapore
     
7. Information Services
 
  • DP Information Network Pte Ltd (QuestNeT)
    QuestNet is an on-line information service which
    provides you instant access to individual and
    corporate information via the internet. You can
    search for individual and corporate details by simply
    keying in the person's Identification number or
    Company's Name.
     
8. Insurance
 
  • NTUC Income Insurance Co-Operative Ltd
    You can purchase Budget Personal Accident
    Insurance & Travel Insurance policy on-line.
     
9. Supermarket
 
  • Cold Storage Singapore (1983) Pte Ltd
    Shop for a wide range of groceries and have your
    selection delivered to you.
  • NTUC FairPrice Co-Operative Ltd
    Shop for a wide range of groceries and have your
    selection delivered to you.
     
10. Town Council Services
 
  • Marine Parade Town Council
    For residents of Marine Parade Town Council, you
    can now pay your conservacy charges and other ad
    hoc services with your CashCard here.

 

The potential of C-ONE is great. It allows merchants to sell almost anything on the Web, e.g. orders for pizzas, orders for books, pay to view videos, payment of bills, purchase of newspaper archive, etc.

 


Created on: 12 Sep 98