Online Ecomm and SaaS Merchant Transactions extension directly to the Offline mobile Customer at the mPOS

 

MetaSepia enables >1 Billion videochat-capable offline phones for Online Ecomm payments and Mobile2Mobile payments with 2 distinct emerging products:

1. We extend Online Ecomm Payments directly to the Offline Customer at the merchant online mPOS and support typical online TLS/SSL and P2PE transactions! We achieve this by using the common devices display and selfie-camera hardware as a high-speed optical modem. This effectively bridges the Offline-customer to an Online/Cloud merchant communications layer at the merchant or other phone mPOS, greatly reducing merchant friction and adding the fraud, security, wallet function, receipting and rewards, stored value, alternative currencies, and other typical Online payments features at the mobile Point of Sale (mPOS).

The SaaS establishes a separate customer security layer, enabling privacy and supporting anonymity. The merchant mPOS acts as an untrusted Optical passthroughrelay device and the transaction protocol is between the Offline phone and the cloud-merchant. We enrichen the Offline Customer experience at the Online-merchant mPOS. We support Offline to Online ID Verification protocols for emerging proximity-based apps.

2. We enable Mobile-to-Mobile Mutual Authentication, Transactions, and Payments with similar EMV/Other software protocols as present NFC payments, but use the optical channel as the communications interface between phones rather than an RF/NFC communications and pairing layer. In this instance we can provide similar payment software protocols as NFC-EMV Contactless payments with Authorization Request sent to the Payment Services Provider. We can also support offline-to-offline payments with identical contactless software protocols as present offline NFC payments, and some BT/RF payments. The optical transactions occur between phones, and not an online cloud/server, in similar manner to present mobile contactless transactions. We support typical TLS/SSL protocols between Offline phones. This product supports emerging mobile phone Proximity Transactions apps with Mutual Authentication and ID Verification features, and enables token and alternative payments.

 The PCI  Security Standards association stated, “With a growing number of merchants now using smartphones and other commercial off-the-shelf (COTS) devices, PCI SSC has expanded its support for mobile payment acceptance to develop new standards that leverage security techniques to provide proactive controls for managing threats and protecting data. These include the Software-based PIN Entry on COTS (SPoC) Standard, as well as the Contactless Payments on COTS (CPoC) Standard currently in development.” The MetaSepia system is capable of supporting these standards that may not require a Secure Element or NFC transport layer in the phones but our present prototype is built as a connected internet device capable of making payments. We bridge the NFC interoperability gap and provide a Mobeewave on steroids for for all devices while shifting the BaaS revenue stream from device manufacturers to the their platform partners.

Our system extends SaaS Cloud Payments, Online Merchant Payments, and Mobile to Mobile payments and transactions via a new communications layer and vertical channel for all phones. Our technology is software-only, not requiring the Secure Element chip, and utilizes the existing software Secure Enclave and Point to Point-encryption (P2PE). We basically open a browser and initiate payments at the cloud level.

We demonstrated  mobile to mobile GooglePay and Paypass optical payments between offline IOS and online Android devices on the Abrantix CH certified test network, processing an HCE test token in 2.39 seconds in Dec, 2020, with a goal of 1 second after funding. This Mobile to Mobile payment prototype utilized a certified EMV L2 software kernel with protocols for mobile NFC, and normal payments services provider processing and transaction authorization for NFC payments. We can also demonstrate a similar TLS transaction. We can share bidirectional data at high rates during the transaction.

Company partnerships in MetaSepia assisting to achieve this extraordinary technology prototype include  Cryptomathic GB, Smart Architects GB, and Abrantix CH. These company partnerships, utilizing some of their ~100 collective payments and security engineers will assist, as needed, in development of this system with our partners. Our motivated partnerships have vetted the technology with demonstrated prototype capabilities, a fully-inclusive payments for all devices vision, IP protection, a professional startup team, and an existing opportunity in the rapidly emerging mobile to mobile contactless payments!

We’re raising  $2 Mn in seed funding in 2021 for a 12+ month program to advance the prototype to MVP and beta-testing, and are working towards partnering with Baas and SaaS hosted payments partners. The low cost of entry to MVP and high upside potential as a ubiquitous device low-friction ad hoc Mobile to Mobile transactions system qualifies this as an exceptional partnership and investment opportunity!

Fast encoded bidirectional fully-emissive data colorgrams

The multi-bit depth always-emissive color beacon technology greatly increases bidirectional data payloads and signal-to-noise improvements over static high-contrast QR codes, and can be located across the displays as patterns, logos or other branded or personalized objects. The beacon’s multiple colors offer multi-bit data depth far exceeding QR data density, and necessary for fast EMV or Online software security protocols, and data sharing with a user scanning-experience similar to QR code payments and augmented with instant rewards, sync data, receipts, AI shoppers, tokens, etc.

 

Please view our short slidedeck on this site for more information on this exciting opportunity of merging online payments with the offline consumer and introducing payments to the existing video-chat networks to grow the largest scalable mobile payments network!

 

Join us as we bring the Offline customer into the Online payments experience at the mPOS!

Kerry Brown, CTO and co-founder:  kbrown@metasepia.com

Partnership and Seed Round Opportunity

Youtube links and Downloads

Mobile Optical, no-NFC, EMV/Other protocol Payments Systems for all devices and OS with front-facing cameras. We extend online payments directly to offline customers at the mPOS.

Our Team

David Watkins

CEO, CFO, director

Kerry Brown

CTO, cofounder, director

Peter Landrock. PhD

Crypto Security Expert, cofounder, director

Dan Cvrcek, PhD

Advisor, Steganography and analysis

Cryptomathic A/S

Partner

Smart Architects UK

Partner

Abrantix AG

Partner

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