With cashless society being the current hot topic .. Digital Wallet surely covers one of them ...Here is a description about what is it and how it works .. may aid you during your final year seminar .. Cheers !!
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
The document is an attempt to give insights into digital payments space on the whole. It describes the different payment scenarios or methods and how the underlying technology works. Topics covered - NFC;;contacless payments;Mobile Payments;smart cards chips technology;apple pay;Card operating system
Epayments system in India and globally iit project abhiROCKS1103
IIT project on epayments. Including all the method uses and innovations in e payments and the growth of epayments in the modern world and rapid growth in india after demonetization.
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
EMV is a standard for smart payment cards and terminals. EMV stands for – EuroPay, MasterCard and Visa, the three companies who were the founder of the standard. This standard is maintained by EMVCo – a consortium with payment brands like Visa, MasterCard, JCB, American Express, China UnionPay, Discover as members.
Studied technology involved in E-Wallets and how it helps in payment process,market place model, revenue generation of Paytm,its marketing strategy,demonitisation and its after effects.
Overview of the Different Mobile Payment systems
- NFC based Platforms such as Google Wallet and ISIS
- Systems like Square, VeriFone, Card.io Naratte Zoosh and other exciting and disruptive startups in this space.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Introduction of E-Wallets, its types, Advantages,Disadvantages, Examples of E-Wallet,Needs of E-Wallet, Top E-Wallets in World and in India, Description of Mobikwik, its Steps, Architecture of transfer between two wallets, About Paytm, How does Paytm Earn, Recharge on PayTm, Steps to use Paytm, Web Technologies of Paytm, Good at Paytm and Bad at it, Our own proposed system to overcome the disadvantage of existing system
The document is an attempt to give insights into digital payments space on the whole. It describes the different payment scenarios or methods and how the underlying technology works. Topics covered - NFC;;contacless payments;Mobile Payments;smart cards chips technology;apple pay;Card operating system
Epayments system in India and globally iit project abhiROCKS1103
IIT project on epayments. Including all the method uses and innovations in e payments and the growth of epayments in the modern world and rapid growth in india after demonetization.
Digital wallet service in india - NetscribesNetscribes
A digital wallet is a virtual web and mobile-based wallet where one can store cash for making mobile, online or offline payments
For the complete report, please write to info@netscribes.com
EMV is a standard for smart payment cards and terminals. EMV stands for – EuroPay, MasterCard and Visa, the three companies who were the founder of the standard. This standard is maintained by EMVCo – a consortium with payment brands like Visa, MasterCard, JCB, American Express, China UnionPay, Discover as members.
Studied technology involved in E-Wallets and how it helps in payment process,market place model, revenue generation of Paytm,its marketing strategy,demonitisation and its after effects.
Overview of the Different Mobile Payment systems
- NFC based Platforms such as Google Wallet and ISIS
- Systems like Square, VeriFone, Card.io Naratte Zoosh and other exciting and disruptive startups in this space.
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
Future of Digital Wallets_ What are its advantages.pdfsmithlindsay766
The digital wallet's future is set to surpass formal payment scenarios, evolving into
exhaustive SuperApps that centralize an assembly of services. Initially conceptualized
for simplifying financial transactions, digital wallets are rapidly becoming integral to
our digital ecosystem.
A Comprehensive guide to understanding Digital Wallets.pdfPay10
Digital Wallets, also known as e-wallets, are popular prepaid payment instruments used in India and around the world.
They are software applications or electronic devices that securely store payment information and prepaid money,
enabling cashless transactions. Digital wallets offer convenience and versatility for making payments at physical
stores, online purchases, and through mobile applications. They require a smartphone with an internet connection,
and users must complete KYC (Know Your Customer) verification to access their services. These wallets provide
various benefits, including security, frictionless transactions, no minimum balance requirement, and diverse
transaction options. Additionally, they benefit both consumers and merchants, offering faster checkout,
increased repeat business, higher conversion rates, decreased fraud, and chargebacks.
The rise of enterprise digital wallets also introduces a cheaper and tech-enabled alternative for businesses,
helping to cut out payment card intermediaries and bolster customer relationships
for more info:- https://www.pay10.com/blog-a-comprehensive-guide-to-understanding-digital-wallet.php
This PPT includes the explanation on various types of Electronic payment systems used its working and the recent trends in E-commerce and Electronic payments with special reference to India, It also speaks of various security issues related with e commerce and the use of e-payment systems.
If you're looking to develop a digital wallet app, this guide is for you. In this comprehensive guide, we'll take you through the entire process of developing a digital wallet app, from conceptualization to deployment.
Top eWallet App develpoment in Dubai for 2024.pdfJPLoft Solutions
Finding the most reliable digital wallet software to manage your money can be a challenge. Knowing the capabilities, security, and reliability of so many wallet applications' capabilities is crucial. We have compiled a list of our top 10 best digital wallet applications to help you select. Look at its features before deciding on a platform or eWallet application development.
An Overview of Mobile Wallet App Development 2024ITIO Innovex
Mobile wallet application development has revolutionized the way we handle finances. From the convenience of one-click payments to the robust security features, these apps have transformed our smartphones into powerful financial tools. Visit us at: https://itio.in/services/mobile-wallet-development
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
GDG Cloud Southlake #33: Boule & Rebala: Effective AppSec in SDLC using Deplo...James Anderson
Effective Application Security in Software Delivery lifecycle using Deployment Firewall and DBOM
The modern software delivery process (or the CI/CD process) includes many tools, distributed teams, open-source code, and cloud platforms. Constant focus on speed to release software to market, along with the traditional slow and manual security checks has caused gaps in continuous security as an important piece in the software supply chain. Today organizations feel more susceptible to external and internal cyber threats due to the vast attack surface in their applications supply chain and the lack of end-to-end governance and risk management.
The software team must secure its software delivery process to avoid vulnerability and security breaches. This needs to be achieved with existing tool chains and without extensive rework of the delivery processes. This talk will present strategies and techniques for providing visibility into the true risk of the existing vulnerabilities, preventing the introduction of security issues in the software, resolving vulnerabilities in production environments quickly, and capturing the deployment bill of materials (DBOM).
Speakers:
Bob Boule
Robert Boule is a technology enthusiast with PASSION for technology and making things work along with a knack for helping others understand how things work. He comes with around 20 years of solution engineering experience in application security, software continuous delivery, and SaaS platforms. He is known for his dynamic presentations in CI/CD and application security integrated in software delivery lifecycle.
Gopinath Rebala
Gopinath Rebala is the CTO of OpsMx, where he has overall responsibility for the machine learning and data processing architectures for Secure Software Delivery. Gopi also has a strong connection with our customers, leading design and architecture for strategic implementations. Gopi is a frequent speaker and well-known leader in continuous delivery and integrating security into software delivery.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
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All of this illustrated with link prediction over knowledge graphs, but the argument is general.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
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Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
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We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
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GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
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https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
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3. • Digital wallet is the digitized version of
traditional leather wallet, to safe keep your
money, credit cards, etc.
• A digital wallet refers to an electronic device
that allows a user to make an electronic
payment with a financial instrument (such as a
credit card or digital cash)
• It hides the low-level details of executing the
payment protocol that is used to make the
payment
3
5. • There are about 1.3 billion active credit and debit accounts in the
world today, there are approximately 5.3 billion active mobile
phone accounts. Payment-enabled mobile phones could quickly
outnumber traditional card based payment accounts.
• Thick, bulky, unmanageable physical wallet replaced !!
• They may also allow you to store multiple payment types
(cards, bank accounts).
• In addition to providing consumers with a new way to make
payments, mobile devices represent a new channel for
merchants and financial institutions to communicate with their
customers
5
8. Types and components
Digital wallets are categorized into three kinds:
• Closed Wallet: by a company to a consumer for buying goods and services
exclusively from that company.
E.g. Flipkart , Oyo rooms, Ola
• Semi-Closed Wallet: Used to buy goods and services at clearly identified
merchant locations or establishments. Prepaid services are used .
Do not permit cash withdrawal or redemption
E.g. Paytm , Oxigen Wallet ,Airtel money etc .
• Open Wallet: Used for purchase of goods and services ,for funds
for cash withdrawal from ATM.
Eg. MasterCard, VISA, RuPay, etc
8
9. A digital wallet has a software and information component.
The software provides security and encryption for the
personal information and for the actual transaction.
Normally, digital wallets are stored on the client side stores
customer’s information.
A server-side digital wallet, is the one that an organization
creates for and about you and maintains on its servers.
The information component is basically a database of user-
inputted information like shipping address, billing
address, payment methods ,credit card numbers, expiry dates
COMPONENTS
9
10. User Profile Manager
Instrument Manager
Protocol
Manager
Communication Manager
Wallet
Controller
User
Interface
Client
API
User
Interface
API
Instrument
Instances
Protocols
Manages all of the
financial instrument
options contained in the
wallet.
Provides the wallet with an
interface to send and
receive messages
between wallets by setting
up a connection with a
remote Communication
Manager.
Manages all of the
protocols that the wallet
may use to accomplish
various operations, and
invokes protocols to carry
out the interaction
between the digital wallet
and the vendors and
banks. Responsible for
encryption
Manages information
about clients and groups
of clients of the wallet
including their user
names, passwords, ship-
to and bill-to addresses,
and other user
information
Presents a interface for
the wallet to the client.
The Wallet Controller
hides the complexity of the
other components of the
wallet.
Provides a graphical
interface to the services
offered by the Wallet
Controllers interface
10
WALLET ARCHITECTURE
11. Technologies used in Digital
wallet(NFC), a
short-range
wireless technology
that allows you to
pay for goods by
swiping a device
Tokenization, is
the process of
substituting a
sensitive data element
with a non-sensitive
equivalent, referred to
as a token,.
The cloud is where
companies and
people store and
access information
on remote servers,
rather than on
specific devices.
A scannable
barcode which can
be read by certain
mobile applications
(by taking a photo of
the barcode) and
convey information
such as a URL etc.
11
encryption is the
process of encoding
messages or
information in such a
way that only
authorized parties can
read it
20. Trivia
In India :
• Paytm, started in Jan 2014 ,reached 20 million users by Dec,2014 and
100 million by the end of July ‘15.
• Airtel money (with 192.22 million subscribers as of August 2013) has
been a popular mobile payment system(Semi-Wallet)
• Immediate Payment Service (IMPS) is provided by the Reserve Bank
of India. It offers instant, 24×7, interbank electronic fund transfer service
through mobile phones.
• In a survey conducted by etailing India that how often people use digital
wallet 37% of the respondent say weekly while 26% of the respondent
preferred monthly usage of digital wallet while 17% daily
Outside India:
• 92% Kenyans use M-pesa for Mobile payment
• 54% transactions in Alipay are on mobile
• In an online Survey by Business Intelligence , 58 % found Digital wallet
insanely cool 20
21. Conclusion
As all areas of life become more mobile, take care of your digital wallet
in a similar way you would your actual wallet. Instead of double-checking
to make sure your billfold is ensconced in a backpack, purse or man-
bag, rely on mobile data security to keep you protected. It’s the best way
to keep your financial information safe from invisible hacker "mitts"
reaching in to steal your ducats.
21
