e Wallet Ppt.2003
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Transcript of e Wallet Ppt.2003
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e-wallet
(The future of cards)Presented by
B.Rushendra Kumar
(07BP1A0440)
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Introduction :With the advent of computers many technologies are taking
this world by a surprise. These include Embedded Systems
(ES), Artificial Intelligence (AI), Neural Networks (NN),
Fuzzy Logic, Bluetooth and many more are upcoming. This
topic deals with Embedded Systems in a new perspective.
Using the basic concept of ES, an idea for changing the future
of Cards (Banking, Petro, Health etc.) is proposed in this topic.
To interpret this idea, it is first needed to know the advantages
& disadvantages of todays traditional cards.
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Traditional cards:
Advantages :
Ease of Mobility
Ease of use
Disadvantages:Easy duplication
No memory to hold the currentbalance
Limited lifetime
Limited acceptance
And the list goes on.
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Smart card technology:
Keeping those advantages & disadvantages in view, the
Smart Technology is introduced to develop a new class of
cards. This stream of Smart Technology can be termed as
Smart Card Technology (SCT). This smart card has amicroprocessor or memory chip embedded in it that, when
coupled with a reader, has the processing power to serve
many different applications. Such cards can be referred to
as e-Wallet (electronic Wallet).
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About e-Wallet:
The main objective of e-Wallet is tomake paperless money transactioneasier. The electronic wallet (e-Wallet) is just like a leather wallet as
it does the same, in terms of e-cash.In todays life where monetary valueand security both, go hand in hand, itis difficult to satisfy customers using
the routine cards. The main ideabehind this topic is to bring in acheaper, more versatile and muchmore easily usable kind of a card.
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Salient features of e-Wallet:More than 40 years of
data retention
Firewall encryptedsecurity logic
Compatible with many
supporting hardware.
No separate card reader isrequired to access our card
Polarity reversal indicator
is pre-built in our card.
Reusability of our card isunlimited.
Multiple card features are
incorporated in the same
card.External complexities are
less
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Card Designing:
Application Specific Integrated Circuit:
Most of the home friendly electronic oriented products
works on custom specified integrated circuit chips like electric
oven, cellular phones, washing machines etc. Following this
global trend we are using FIELD PROGRAMABLE GATE
ARRAY (FPGA) belonging to the family of APPLICATION
SPECIFIC INTEGRATED CIRCUIT
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Internal Architecture of FPGA:Internal blocks of FPGA
IC are:
Embedded microcontroller
Crypto coprocessor
Random Word Generator
On chip security powermanagement
Access control
Flash ROM/ROM
EEPROM
RAM
Serial interface
RF Interface
Internal 16 bit
address/data bus
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Features of e-Wallet:
Refillable
Infinite lifetime
Current balance can be stored and read
User authentication is provided
Universal access
Maximum possible cash
Cannot be duplicated
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Advantages of e-Wallet:Ease of use:
Withdraw or deposit value by
telephone
No signature required
Immediate payment
In the future, access points may
include mobile phones
Accessibility and convenience:
Cash machines and telephones
give more access points tofunds in bank account
Available 24 hours / 365 days
Cash machines and telephones
cannot run out of electroniccash
Flexibility:
Transfer value by telephonePay person to personFor low or high valuesMulti-currency capabilityNo age limit, so suitable for all
the family
Safety and control:Spend only what you have
Read your balanceLoad value at homeLock your card or walletKeep track of what you have
spent and where
Customer is traceable if a lostcard is found
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Conclusion:With all the above mentioned features it is definite that the
future of cards is definitely e-Wallets. Besides credit cards,this e-Wallet can also be extended into the following fields,namely:
Sim card *Petro card Credit card *Health card Insurance card *Access card ATM *Tele voicecard
These are only the few to mention. Due to its ease ofadaptability to its environment, this e-Wallet would certainlychange the way people transact (monetary transactions).
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