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Abstract Using the basic concepts of embedded systems, an idea for changing the future of cards it is proposed . Requirement of a special card reader , limited life time are the big disadvantages of todays traditional cards , led to design this E-wallet. Main objective of this is to make paperless money transfer easier.
Table of Contents Definition Types of electronic wallet Example for transaction Features of E-wallet Advantages Conclusion
Definition A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely. Hold credit card numbers, electronic cash, owner identification, and contact information. Give consumers the benefit of entering their information just once. Make shopping more efficient.
Types Of Electronic Wallet Client Side electronic wallet Electronic wallet Server Side electronic wallet
Types Of Electronic Wallet Server Side Electronic Wallet A server side electronic wallet stores a customer information on the remote server belonging to a particular merchant or wallet publisher Client Side Electronic Wallet A client side electronic wallet stores customer information on his/her own computer. Many of the early electronic wallet were client side wallet that require users to download the wallet software.
Example for transaction:
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
Advantages Advantages The e-wallet makes online shopping easier because it fills in the fields in an online order form automatically, saving you the trouble of doing it yourself. This is also a great advantage for online merchants, because customers sometimes abandon online purchases if they feel that the order form is too confusing or frustrating. The e-wallet can overcome this phenomenon by automating the completion process.
Conclusion The main idea behind this topic is to bring in a cheaper, more versatile and much more easily usable kind of a card.