Sep 8, 2010
RFID Based Mobile Payment System
RFID based Mobile Payment System is a good project for final year students and is a low-cost, stripped down mobile payment system. This prototype combines Radio Frequency Identification (RFID), Security Pin Authentication and Ethernet Data Transfer to provide a prototype for a low-cost secure payment system that has the potential to change lives in rural areas of developing countries. You can also Subscribe to FINAL YEAR PROJECT'S by Email for more such projects and seminar.
It aims to securely and conveniently move retail banking and financial services to cell-phones. It is a mobile-banking facility for the un-banked.
This is an idea targeted at developing countries; as the Internet and ATM's are unavailable in rural areas and penetration is low even in urban areas there are many problems faced (including access to financial services and remittances). The idea is to design a complete mobile-payment ecosystem comprised of RFID-enabled phones and text message (SMS) transactions to access a virtual account- a simple, fast and safe solution for financial transactions.
Author:- Harshvardhan Chamria and Harold Beyel
Source:- Cornell University
About : Final-yearproject.com
Final-yearproject.com is one stop for all your project needs. You can find projects and seminars related to Electronics, Electrical, Civil, Mechanical, MBA, Pharmacy, Computer Science, IT, Bio-Tech, Robotics, Telecom, Wireless, Automation, BCA, MATLAB etc. You can Like us at Facebook and follow us on Twitter and Google+.