Posts: 3
Threads: 1
Joined: Mar 2011
hi ,i m singi,i want full report,abstract and ppt for digital wallet ,i have searched but didn't get.........
so therefore request u to provide me the above..........
Posts: 3
Threads: 1
Joined: Mar 2011
thanks a lot ............i want ppt also..........
Posts: 6
Threads: 0
Joined: Mar 2011
send report urgently plsssssssss
plsssssssss send report
Posts: 5,362
Threads: 2,998
Joined: Feb 2011
presented by :
singi oram
[attachment=12938]
DIGITAL WALLET
MOTIVATION
• My wallet is thick, bulky, falling apart,
impossible to manage
• I already carry a cell phone wherever I go Without it, I would have no idea what my next appt is!!
ROADMAP
• What is a Digital Wallet?
• Scenario 1: Peer to Peer Payments
• Scenario 2: Point of Sale Transactions
WHAT IS DIGITAL WALLET
A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely.
WALLET CHARACTERISITCS
Extensible :a wallet should be able to accommodate user’s different payment and multiple payments protocols.
Client-Driven :interaction between wallet &vendors ,we believe should be driven by the client.
Symmetric: vendors & banks run software analogous to wallets which manages their end of the financial operation.
Generalized:interfaces should be similar of wat type of devices that the wallets,banks or vendors apps is running on.
TECHNOLOGY USED IN DIGITAL WALLLETSoftware & Information component
Advantages for e-commerce sites
Upwards of 25% of online shoppers abandon their order due to frustration in filling in forms. (Graphic Arts Monthly, 1999) The digital wallet combats this problem by giving users the option to transfer their information securely and accurately. This simplified approach to completing transactions results in better usability and ultimately more utility for the customer.
SCENARIO 1:
Peer-to-Peer Mobile Payment
WHY PEER TO PEER ?• Network access is not ubiquitous – Tunnels, underground, rain, etc.• Infrastructure is expensive – Small operators will not pay for it• Infrastructure solutions are a dime a dozen – No p2p solution yet!
Technical Challenges• How do you store cash in a phone? – Digital cash requires a lot of support• How do you make it a secure process? – Any bugs in security dooms the entire thing• How do you make it fast and usable? – Cash is trivial to use – This is replacing cash!
Success Criteria
• Fast• Easy to Use
• Accurate
• Low Cognitive Load
• Secure
Important that these criteria are both perceived and measured to be true
Scenario 2Point of sale card overload
Motivation
• At the checkout counter at Best buy – You have X products from Y departments totaling Z dollars.– You have α payment cards, β reward cards, and θ loyalty cards
.• Q: What is the right combination of cardsto maximize your net gain?
Current Solutions
• Guess
• Pick a decent “good enough” solution – Not maxima
l• Perform detailed analysis – Fragile to change – Time consuming – Hard (Not novice friendly!)
Digital Wallet’s Solution:
• Store all your card details in your phone
• Place phone on reader at store
• System matches s tore discounts with cards you h ave
• Best results are displayed on a LCD display
• Pick best option
• Profit!!!
Conclusion