Offline payment security was the topic of the webinar in the series Enabling offline payments in an online world to discuss the 2nd white paper – A practical guide for offline payment security that Lipis Advisors have released in partnership with Crunchfish. A panel discussion with participation from Lipis Advisors, V-key and Crunchfish followed a presentation of the white paper.

The recording of the webinar discussing the 2nd whitepaper – A practical guide to offline payment security in the Enabling offline payments in an online world series is now available. Bonni Brodsky, Managing Consultant at Lipis Advisors presented key insights of the offline payment security white paper, such as offline security protocols, cryptographic signatures and software-based trusted environments. Crunchfish CEO Joachim Samuelsson also gave Crunchfish’s contrarian payment perspectives on offline protocols as well as offline payment design and security. This was followed by a panel discussion with V-key’s CEO Jospeh Gan, Bonni Brodsky, and Joachim Samuelsson, moderated by Johan Wester.

All webinars are available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com

This information was provided by the contact person above for publication on March 17, 2023 at 12:20 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish has applied for a Swedish patent for a method to prevent fraudulent rollbacks. The patent application enables Trusted Applications to execute securely in software-based trusted environments, which is key for CBDC implementations and other payments applications to achieve scalability, interoperability and cost-efficiency.

Crunchfish has applied for a patent for method of preventing fraudulent rollback of a protected asset in trusted application, executable in a secure execution environment on a host device. Rollback is a technique wherein an identical instance of the entire host device or the trusted application running therein, depending on the security arrangement, is created, cloned and then re-installed in order to re-use the protected asset. The clone may be rolled back to act as the original trusted application or host device. A malicious user attempting to hack the host device, or with the intent of being able to fully access all of the functionality of the host device.

Rollbacks give rise to critical security vulnerabilities relating to fraudulent use the protected assets in a trusted application. For instance, double-spending may occur if a clone of the Digital Cash Trusted Application is rolled back and continues to operate offline. Other related security vulnerabilities may be realised in other scenarios, for instance multi-usage of any finite resource or exploiting license timers for subscriptions or accounts or exploiting expiry timers.

“This is another strategic Crunchfish Digital Cash innovation enabling payments applications to execute securely in software-based trusted environment on smartphones, the dominant bearer for payments. As it is not possible that all users should be forced to use the hardware, the trusted environment for payments on smartphones need to be software-based. This is key for CBDC implementations and other payments systems to achieve scalability, interoperability and cost-efficiency”, says Joachim Samuelsson, CEO of Crunchfish.

This patent application protecting against fraudulent rollbacks complements Crunchfish’s patent application from last year that prevented fraudulent cloning.   

 
For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information is Crunchfish AB obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person above for publication on 17 March 2023 at 00:01 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Lipis Advisors in partnership with Crunchfish released today the second white paper – A practical guide for offline payment security – in the Enabling offline payments in an online world series, outlining the key security aspects relating to offline payments. The white paper includes also Crunchfish’s contrarian views on offline payment design and security. A webinar covering the key insights of the whitepaper will be held tomorrow morning.

Crunchfish are pleased to announce that Lipis Advisors have today released a second white paper in the series – Enabling offline payments in an online world. The white paper with the subtitle – A practical guide to offline payment security, provides valuable insights to how to design a secure and scalable offline payment system that can interoperate with online payment system. It provides the payment ecosystem with a better understanding of the nuances of offline payments security. The white paper includes an editorial that describes Crunchfish’s perspectives on offline payment design and security. 

On Friday March 17th at 8 am CET / 12.30 IST, Crunchfish in partnership with Lipis Advisors will host a webinar where Bonni Brodsky, Managing Consultant at Lipis Advisors will present the key insights of the whitepaper, followed by a panel discussion with V-key CEO Jospeh Gan and Crunchfish CEO Joachim Samuelsson moderated by Johan Wester. Register for the webinar here

All webinars will be available on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

About Lipis Advisors
Lipis Advisors is a Berlin-based strategic consulting firm focused exclusively on the payments sector. Our expertise has expanded over the years, evolving from research-driven comparative analysis of core payment systems to strategic advice for diverse stakeholders on topics ranging from cryptocurrencies, CBDCs, digital banking, real-time payments, fraud mitigation, payment design and implementation. We have provided consulting services to clients in 40+ countries around the world, including international organizations, financial institutions, payment service providers, fintechs, payment schemes, payment system operators, technology vendors, industry associations, and regulators.

 
For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

This information was provided by the contact person above for publication on March 16, 2023 at 13:15 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish presentation in English from Stora Aktiedagen Stockholm is now available where Crunchfish CEO outlined several contrarian perspectives that are necessary for payment services to survive in the face of temporary failures.

Crunchfish Group CEO Joachim Samuelsson presented Crunchfish’s pioneering Digital Cash solutions for making digital payments robust at Stora Aktiedagen Stockholm on Tuesday, March 14. Watch the presentation via this link.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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Crunchfish Group CEO Joachim Samuelsson will present Crunchfish’s pioneering Digital Cash solutions for making digital payments robust at Stora Aktiedagen Stockholm on Tuesday, March 14, at 13:30 CET. Joachim will outline several contrarian perspectives that are necessary for payment services to survive in the face of temporary failures.  

Crunchfish presentation will be in English, use the opportunity to ask your questions to the presenter, by sending an SMS to 079-347 98 45 or email event@aktiespararna.se. Your questions will be conveyed by Aktiespararna’s moderator during the Q&A session the follows your presentation. You can submit your questions now or during the presentation. Follow the link for event program.

Watch Crunchfish’s presentation from February 6th, 2023 at Aktiedagen Göteborg – the paradigm shift in payments –via this link and Crunchfish’s presentation from November 30th 2022 at Stora Aktiedagen Stockholm on the theme “Big deals are coming” via this link.

For more information, please contact:

Joachim Samuelsson, CEO of Crunchfish AB

+46 708 46 47 88

joachim.samuelsson@crunchfish.com 

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com

Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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The interest in offline solutions from central banks, commercial banks and payment system providers have skyrocketed in recent years. Crunchfish in partnership with Lipis Advisors are proud to announce the second white paper and webinar in the series “Enabling offline payments in an online world” with the title “A practical guide to offline payments security”.

Crunchfish in partnership with Lipis Advisors announce today the second white paper and webinar focused on offline payment security. The white paper will be released 12 noon CET / 16.30 IST on March 16th, with a follow-up webinar streamed live at 8 am CET / 12.30 IST. The first white paper and webinar from January 2023had the title “A practical guide for offline payment design”. All webinars in the series are available here. 

The video trailer to the second white paper and webinar is now available. Register for the second webinar – A practical guide to offline payments security – following this link.

The webinars will be live streamed on zoom and LinkedIn and recorded and will start with a short presentation of the white paper, followed by moderated Q&A with a panel and the audience. In the panel for the second webinar is Bonni Brodsky, Managing Consultant at Lipis Advisors, Joseph Gan, CEO at V-key and Joachim Samuelsson, CEO at Crunchfish. The webinar is moderated by Johan Wester.

All webinars will be available afterwards on our website, our YouTube channel and as podcasts on Spotify, Apple Podcasts and anywhere where podcasts are available, distributed from our SoundCloud channel. You can subscribe and never miss when we publish new episodes.

About Lipis Advisors

Lipis Advisors is a Berlin-based strategic consulting firm focused exclusively on the payments sector. Our expertise has expanded over the years, evolving from research driven comparative analysis of core payment systems to strategic advice for diverse stakeholders on topics ranging from cryptocurrencies, CBDCs, digital banking, real-time payments, fraud mitigation, payment design and implementation. We have provided consulting services to clients in 40+ countries around the world, including international organizations, financial institutions, payment service providers, fintechs, payment schemes, payment system operators, technology vendors, industry associations, and regulators.

For more information, please contact:
Joachim Samuelsson, CEO of Crunchfish AB
+46 708 46 47 88
joachim.samuelsson@crunchfish.com

The information was provided by the contact person above for publication on 10 March 2023 at 07:30 CET.

Västra Hamnen Corporate Finance AB is the Certified Adviser. Email: ca@vhcorp.se. Telephone +46 40 200 250.

About Crunchfish – crunchfish.com
Crunchfish is a deep tech company developing a Digital Cash platform for Banks, Payment Services and CBDC implementations and Gesture Interaction technology for AR/VR and automotive industry. Crunchfish is listed on Nasdaq First North Growth Market since 2016, with headquarters in Malmö, Sweden and with a subsidiary in India.

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