A SEMANTICALLY RICH KNOWLEDGE GRAPH FOR MOBILE WALLETS TRANSACTION COMPLIANCE

Author/Creator

Author/Creator ORCID

Date

2019-01-01

Department

Information Systems

Program

Information Systems

Citation of Original Publication

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Subjects

Abstract

Mobile payments are on the rise and as the popularity is growing it's important to understand the regulation framework behind it. Till today, mobile wallets regulations are in the grey area of USA legal policies. There are no such compliance polices which are specific to mobile wallets. Whatever policies are for banking transactions same may apply to mobile payment transactions as well. Thus, making it difficult for the consumer and provider to understand how they are legally bind to such regulations. Banking regulations are large textual document which are currently only available in textual documents and require significant manual effort to ensure their compliance are met. As a first step towards this vision of a holistic mobile wallets compliance knowledge graph, we have created a semantically rich policy-based knowledge representation of the regulations which applies to the mobile payment. In the Ontology, we have also identified the deontic expressions such as Permissions, Obligations from these regulations for consumer & providers. We have evaluated the ontology with qualitative & quantitative measures and validated this Knowledge Graph against the policies of major vendors that deals with mobile payments. This Knowledge Graph, that is available in the public domain, can be used by practitioners to automate mobile wallets transaction compliance in their organization.