Comments on: Lahore’s Gift to Telecom & Banking Zones – Mobile Wallet

By: ismail

ismail — Mon, 06 Aug 2007 16:54:36 +0000

xyz

By: Salman Qureshi

Salman Qureshi — Sun, 22 Jul 2007 17:35:35 +0000

@Aijaz: One thing that I do know of is that they link your account with a particular Cell phone number of yours, so even if you have someone sniffing in on your transactions and acquiring your PIN he/she/neutral wouldn’t be able to do anything until he/she/neutral steals your phone.

In that case dont forget to call up ur service provider and get your number blocked.

By: aijaz

aijaz — Sun, 22 Jul 2007 09:13:31 +0000

@author
I think t would still require an insider comment. SSL has nothing to do in this transaction as per my knowledge. I dont know how secure is an SMS but more important is PIN transfer from phone to the server which MUST be secure. The second question might be how powerful is IVR system running at UBL side to respond to many concurrent calls, or the customers have to wait like they wait in their calls to service centers.
Their website doesnt care about telling these things either or at least I couldnt find such info over there.

By: >man!<

>man!< — Sat, 21 Jul 2007 07:28:55 +0000

Actually I was waiting for such service..

By: sadya

sadya — Sat, 21 Jul 2007 01:21:03 +0000

By the way has any one of you registered with Orion , if not then do so right now! visit their website http://www.ubl.com.pk/orion

the trial period is absolutely free , so one shud try regsitering just for the prodcut experience…

By: Opee

Opee — Fri, 20 Jul 2007 22:14:19 +0000

@Aijaz:
As far as the security of the system is concerned. I am sure techlogix would have used latest SSL certificates for windows mobiles. I’m not sure what would it be in case of Symbian. But it will be surely a system which is secure and upto the standards that banking system needs. Could it be AES that is available for SSL channel encryption in 128 and 256 bit cipher. I am not sure. But I believe it is secure enough for me not to worry about that bit!

Furthermore, Your Orion account is specially designed for safe and secure mobile transactions. Every payment is authorized by a security PIN that only you know. You will receive confirmation calls only from an Orion number so that you can authenticate the source of the call and distinguish it from unknown callers. This means that in any circumstances only you can make payments from your mobile phone. What’s more is that you can be sure that your transactions will be processed instantly.

By: Opee

Opee — Fri, 20 Jul 2007 22:11:45 +0000

@Burhan: At last some technical guy has forwarded his thoughts on the product. I beleive you’re from FAST-Lahore (Sahics) (No/Yes?).

By: Burhan Rasool

Burhan Rasool — Fri, 20 Jul 2007 21:44:35 +0000

wow…fit Idea… chalay ga … dorray ga..
Guyz @ amaana (pvt) limited have been developing similar kind of product (www.amaana.com) but without any collaboration (with a bank or an exchange company)… but this one from UBL-Techlogix seems a cool idea.

Market positioning kamal ki hai.
Best of Luck.

Regards
Burhan
sahics 01

By: Rehan

Rehan — Fri, 20 Jul 2007 18:28:55 +0000

WOW! This is a great advancement. But you have to be extremely careful with your mobile phone as many things can happen.
1: You have to delete every sms related to the transaction every time.
2: You have to keep mobile safe from children in general and specially thieves. There is more chance of mobile snatching if you are making paymets at a shop using this technique.
3: You have to keep an eye on your balance and track the record of your every transaction.
4: There is a chance of Fake sms or Mobile Fraud as well.

Some other question also arise…But I hope in the end everything can be managed in a better and efficient way by using this “Mobile Wallet”.

In the end I would suggest that anyone would be interested in using it after it has gain much popularity and acceptance. Which is the job of sales and marketing department of UBL. However, the idea looks very much Worthy to me.

By: aijaz

aijaz — Fri, 20 Jul 2007 17:59:07 +0000

Can you find someone from inside techlogix or UBL to comment on actual technology? What it is and how it secures the transaction etc. This type of service is only recommendable if the tech-backing is strong.