3. Table of Contents -
Vision.
What is E-Wallet.
Need.
Types.
Components.
Technology.
NFC.
Payment Model.
How it works.
How to support cash
transfer.
Features.
Advantages.
Disadvantages
How it begin right now ?
Reference & Conclusion.
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4. VISION -
In the past few thousand years, the
way we pay has changed just four
times-from barter system to coins, to
paper money, to plastic cards.
Now we’re on the brink of the next
big shift, We now want to introduce
the e-wallet, which contains the virtual
versions of our existing plastic cards.
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5. What is E-Wallet -
E-Wallet allows you to store multiple credit card and bank account
numbers in a secure environment, and eliminate the need to enter in
account information when making your payment. Once you have
registered and created E-Wallet profiles, you can make payments
faster and with less typing.
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6. NEED -
For frequent online shoppers, it becomes a hassle to fill out order
forms with the same information for every item they purchase.
It unnecessary to retype credit card numbers & addresses each time.
It would be nice if this information could be handled automatically.
The main objective of e-wallet is to make paperless money
transaction easier.
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8. COMPONENTS -
E-Wallet has software and information component.
It provide Security and encryption for the personal information for
the actual transaction.
Normally, E-wallets are stored on the client side and are fully
compatible with most e-commerce websites.
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9. TECHNOLOGY -
Secure Communication Media
oNew NFC(Near Field Communication) chips are already appearing in smart phones which
provide very close range, low power, easy to setup up point-to-point communication.
oNFC acts as the communication medium for exchanging monetary and identification
information, such as credit card numbers and receipts, with other devices.
Fast Secure Authentication and secure Tamper Proof Storage
oSecure Programmable chips in cell phones will allow the sell phone to securely store both
“Digital Cash” and the phone owner’s monetary and identification implements.
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10. NFC -
Near Field Communication (NFC) is a short-range wireless
connectivity standard (Ecma-340, ISO/IEC 18092) that uses
magnetic field induction to enable communication between devices
when they're touched together, or brought within a few centimeters of
each other.
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16. ADVANTAGES -
Ease of use
• Withdraw or deposit value by telephone
• Pay the exact amount, no fiddling for change
• No signature required Immediate payment
Flexibility
Safety and control
Accessibility and convenience
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