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e-wallet
(The future of cards)




                        Vikram Dahiya
INTRODUCTION




What are Traditional cards??????
Advantages :
 Ease of Mobility
 Ease of use
Disadvantages:
 Easy duplication
 No memory to hold the current
  balance
 Limited lifetime
 Limited acceptance
And the list goes on………….
About e-Wallet:


                  The electronic wallet (e-Wallet)
                  is just like a leather wallet as it
                  does the same, in terms of e-
                  cash.
Salient features of e-Wallet:
More than 40 years of         Polarity reversal indicator
 data retention                 is pre-built in our card.
Firewall encrypted            Reusability of our card is
 security logic                 unlimited.
Compatible with many          Multiple card features are
 supporting hardware.           incorporated in the same
No separate card reader is     card.
 required to access our card   External complexities are
                                less
Example for transaction:
 Refillable
 Infinitelifetime
 Current balance can be stored and read
 User authentication is provided
 Universal access
 Maximum possible cash
 Cannot be duplicated
Advantages of e-Wallet:

 Ease of use
 Accessibility and convenience
 Flexibility
 Safety and control
e-Wallet is supported on the following platforms:
   Windows® PC running Windows 7, Vista, or XP.
   Apple® iPhone®, iPad™ and iPod® touch, 3.0 and higher.
   RIM® BlackBerry® 4.2 and higher.
   Windows Mobile® 6 and Windows Mobile 6.1 and 6.5 Classic, Standard
    (non-touch) and
   Professional (touch). Windows Mobile 6.5 devices are also known as
    Windows phones.
   NFC or Near Field Communication is a short range high frequency wireless
    communication technology.
   A radio communication is established by touching the two phones or keeping them in
    a proximity of a few centimeters.
    NFC is mainly aimed for mobile or handheld devices.
   NFC is an extension of Radio frequency identification or RFID technology.
   RFID is mainly used for tracking and identification by sending radio waves.
   NFC devices can be used in contactless payment systems, similar to those currently
    used in credit cards and electronic ticket smartcards, and allow mobile payment to
    replace or supplement these systems.
   For example, Google Wallet allows consumers to store credit card and store loyalty
    card information in a virtual wallet and then use an NFC-enabled device at terminals
    that also accept MasterCard PayPass transactions
   In 2004, NFC Forum was formed by Nokia,
    Philips, Sony,to set standards for NFC . Every
    NFC enabled device will have “N-Mark”
    trademark ,developed by NFC Forum.




                  N MARK
                  TRADEMARK
   In 2006




    First mobile phone( nokia 6131) with NFC
    released by NOKIA.
   In 2010




    First android phone SAMSUNG NEXUS S with
    NFC support released.
 Near field communication is based on inductive-
  coupling.
 NFC works using magnetic induction between two

  loop antennas located within each other's 'near
  field’.
 operating frequency 13.56 MHz.data rate 106
  kbit/s to 424 kbit/s.
 NFC use an initiator and a target; the initiator

  actively generates an RF field that can power a
  passive target.


                                     Initiator
                                     Device




                                                 Targe
                                                 t
   In Active mode, both devices with NFC chip
    generates an electromagnetic field and exchange
    data.

      Two
      NFC
      enable
      d
      device
      s
      transfe
      r-ring
      data in
      active
      mode
   In Passive mode, there is only one active device
    and the other uses that field to exchange
    information.


               A NFC-
               enabled
               mobile
               phone
               is
               paired
               with a
               RFID-
               tagged
               "smart
               poster"
   Touch and Confirm
    Applications such as mobile payment where the user
    has to confirm the interaction by entering a password or
    just accepting the transaction.
The
screensh
ot from a
mobile
device
showing
the
confirmat
ion
message.
 High convenience to the user, because the data
  exchange is done by bringing two mobiles
  together.
 Reduces cost of electronic issuance .

 Secure communication.

 No special software.

 No manual configuration and settings.

 No search and pair procedure.
   In 2011, handset vendors released more than 40 NFC-enabled handsets.
   iOS mobile operating system does not support NFC.
   Google, on the other hand, includes NFC functionality in their Android mobile operating
    system and provides a NFC payment service, Google Wallet.
   BlackBerry devices have also supported NFC using BlackBerry Tag on a number of
    devices running BlackBerry OS 7.0 and greater.
   Mastercard has added further NFC support for PayPass for the Android and BlackBerry
    platforms, enabling PayPass users to make payments using their Android or BlackBerry
    smartphones.
   Microsoft added native NFC functionality in their mobile OS with Windows Phone 8, as
    well as the Windows 8 operating system. Microsoft provides the "Wallet hub" in Windows
    Phone 8 for NFC payment, and can integrate multiple NFC payment services within a
    single application.
   QR Codes 2D barcode are Square bar codes, or QR codes are an easy way to inject info
    into mobile phone. This makes it easy to create communication such visit a website or
    copy useful text.
   QR codes have been around since they were invented in 1994. Originally used to track
    products in warehouses, QR codes were designed to replace traditional (1D bar codes).
   Traditional bar codes just represent numbers, which can be looked up in a database and
    translated into something meaningful. QR, or “Quick Response” bar codes were designed
    to contain the meaningful info right in the bar code
   Online companies like PayPal, Amazon Payments and Google Wallet also have mobile
    options
    ◦ Generally, the process is :
First Payment
 User registers, inputs their phone number, and the provider sends them an SMS with a

   PIN
 User enters the received PIN, authenticating the number

 User inputs their credit card info or another payment method if necessary (not necessary if

   the account has already been added) and validates payment

Subsequent payments
 The user re enters their PIN to authenticate and validates payment
Google Wallet
    Mobile pay is one of the
     most innovative ways for
     merchants to attract
     customers.
     Although still in its
     relative infancy, mobile
     pay, which uses Google
     Wallet for its transactions,
     allows customers to
     purchase items from
     apples to zoo tickets at
     brick and mortar stores by
     using an Android app.
   Getting established
    with Google Wallet is
    simple, particularly for
    merchants who
    already accept
    contactless payments;
    otherwise a terminal
    must be ISO 18092 or
    14443 compliant.
It’s a free app for Android
phones.
Free coupons are available
from several sites.
Prepaid offers are also
available from Google
Offers Hub.
Both savings and checkout
are easier and faster for
the customer.
Google Wallet is
designed to work with all
retailers, networks, banks
and carriers.
Merchants attract a more
upscale customer base.
No network connection is
required for the
customer.
Cutting-edge security
measures provide the
ultimate safeguards for
the customer.
   http://www.nfc-forum.org
   http://www.gemalto.com/nfc.html
   http://www. whatis.techtarget.com/nfc.html
   http://www. asia.cnet.com/near field
    communication.html
   www.radio-
    electronics.com/info/wireless/nfc/nfc_overview.php
   http://www.controleng.com/index.asp?layout=article&
         articleid=CA6289218&spacedesc=latest News
    http://www.nxp.com/news/content/file_1053.html

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e-wallet , The future of Cards and Money

  • 1. e-wallet (The future of cards) Vikram Dahiya
  • 3. Advantages :  Ease of Mobility  Ease of use Disadvantages:  Easy duplication  No memory to hold the current balance  Limited lifetime  Limited acceptance And the list goes on………….
  • 4. About e-Wallet: The electronic wallet (e-Wallet) is just like a leather wallet as it does the same, in terms of e- cash.
  • 5. Salient features of e-Wallet: More than 40 years of Polarity reversal indicator data retention is pre-built in our card. Firewall encrypted Reusability of our card is security logic unlimited. Compatible with many Multiple card features are supporting hardware. incorporated in the same No separate card reader is card. required to access our card External complexities are less
  • 7.  Refillable  Infinitelifetime  Current balance can be stored and read  User authentication is provided  Universal access  Maximum possible cash  Cannot be duplicated
  • 8. Advantages of e-Wallet:  Ease of use  Accessibility and convenience  Flexibility  Safety and control
  • 9. e-Wallet is supported on the following platforms:  Windows® PC running Windows 7, Vista, or XP.  Apple® iPhone®, iPad™ and iPod® touch, 3.0 and higher.  RIM® BlackBerry® 4.2 and higher.  Windows Mobile® 6 and Windows Mobile 6.1 and 6.5 Classic, Standard (non-touch) and  Professional (touch). Windows Mobile 6.5 devices are also known as Windows phones.
  • 10.
  • 11. NFC or Near Field Communication is a short range high frequency wireless communication technology.  A radio communication is established by touching the two phones or keeping them in a proximity of a few centimeters.  NFC is mainly aimed for mobile or handheld devices.  NFC is an extension of Radio frequency identification or RFID technology.  RFID is mainly used for tracking and identification by sending radio waves.  NFC devices can be used in contactless payment systems, similar to those currently used in credit cards and electronic ticket smartcards, and allow mobile payment to replace or supplement these systems.  For example, Google Wallet allows consumers to store credit card and store loyalty card information in a virtual wallet and then use an NFC-enabled device at terminals that also accept MasterCard PayPass transactions
  • 12. In 2004, NFC Forum was formed by Nokia, Philips, Sony,to set standards for NFC . Every NFC enabled device will have “N-Mark” trademark ,developed by NFC Forum. N MARK TRADEMARK
  • 13. In 2006 First mobile phone( nokia 6131) with NFC released by NOKIA.
  • 14. In 2010 First android phone SAMSUNG NEXUS S with NFC support released.
  • 15.  Near field communication is based on inductive- coupling.  NFC works using magnetic induction between two loop antennas located within each other's 'near field’.
  • 16.  operating frequency 13.56 MHz.data rate 106 kbit/s to 424 kbit/s.  NFC use an initiator and a target; the initiator actively generates an RF field that can power a passive target. Initiator Device Targe t
  • 17.
  • 18. In Active mode, both devices with NFC chip generates an electromagnetic field and exchange data. Two NFC enable d device s transfe r-ring data in active mode
  • 19. In Passive mode, there is only one active device and the other uses that field to exchange information. A NFC- enabled mobile phone is paired with a RFID- tagged "smart poster"
  • 20. Touch and Confirm Applications such as mobile payment where the user has to confirm the interaction by entering a password or just accepting the transaction.
  • 22.
  • 23.  High convenience to the user, because the data exchange is done by bringing two mobiles together.  Reduces cost of electronic issuance .  Secure communication.  No special software.  No manual configuration and settings.  No search and pair procedure.
  • 24.
  • 25. In 2011, handset vendors released more than 40 NFC-enabled handsets.  iOS mobile operating system does not support NFC.  Google, on the other hand, includes NFC functionality in their Android mobile operating system and provides a NFC payment service, Google Wallet.  BlackBerry devices have also supported NFC using BlackBerry Tag on a number of devices running BlackBerry OS 7.0 and greater.  Mastercard has added further NFC support for PayPass for the Android and BlackBerry platforms, enabling PayPass users to make payments using their Android or BlackBerry smartphones.  Microsoft added native NFC functionality in their mobile OS with Windows Phone 8, as well as the Windows 8 operating system. Microsoft provides the "Wallet hub" in Windows Phone 8 for NFC payment, and can integrate multiple NFC payment services within a single application.
  • 26.
  • 27. QR Codes 2D barcode are Square bar codes, or QR codes are an easy way to inject info into mobile phone. This makes it easy to create communication such visit a website or copy useful text.  QR codes have been around since they were invented in 1994. Originally used to track products in warehouses, QR codes were designed to replace traditional (1D bar codes).  Traditional bar codes just represent numbers, which can be looked up in a database and translated into something meaningful. QR, or “Quick Response” bar codes were designed to contain the meaningful info right in the bar code
  • 28. Online companies like PayPal, Amazon Payments and Google Wallet also have mobile options ◦ Generally, the process is : First Payment  User registers, inputs their phone number, and the provider sends them an SMS with a PIN  User enters the received PIN, authenticating the number  User inputs their credit card info or another payment method if necessary (not necessary if the account has already been added) and validates payment Subsequent payments  The user re enters their PIN to authenticate and validates payment
  • 29. Google Wallet  Mobile pay is one of the most innovative ways for merchants to attract customers.  Although still in its relative infancy, mobile pay, which uses Google Wallet for its transactions, allows customers to purchase items from apples to zoo tickets at brick and mortar stores by using an Android app.
  • 30. Getting established with Google Wallet is simple, particularly for merchants who already accept contactless payments; otherwise a terminal must be ISO 18092 or 14443 compliant.
  • 31. It’s a free app for Android phones. Free coupons are available from several sites. Prepaid offers are also available from Google Offers Hub. Both savings and checkout are easier and faster for the customer.
  • 32. Google Wallet is designed to work with all retailers, networks, banks and carriers. Merchants attract a more upscale customer base. No network connection is required for the customer. Cutting-edge security measures provide the ultimate safeguards for the customer.
  • 33. http://www.nfc-forum.org  http://www.gemalto.com/nfc.html  http://www. whatis.techtarget.com/nfc.html  http://www. asia.cnet.com/near field communication.html  www.radio- electronics.com/info/wireless/nfc/nfc_overview.php  http://www.controleng.com/index.asp?layout=article& articleid=CA6289218&spacedesc=latest News  http://www.nxp.com/news/content/file_1053.html