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.


ECE project on RFID Based Mobile Payment System

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.

RFID Based Mobile Payment System

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

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