Many Successful e-purse schemes
have been implemented in close communities including college
campuses, clubs, hotels, food malls, shopping complex and
massive transportation services. It could be applied to fast
food outlets, Laundromats, photocopy machines, fax services
and vending machines. Generally speaking, debit and prepaid
cards for small value payments will soon be common when more
merchants accept this payment scheme.
The future of smart cards in
electronic commerce is not just in payment cards, but also,
loyalty cards, airline tickets and other value added cards.
Customers ‘preferences, bonus and other information could be
kept in the card. Companies could then obtain their
customers’ preferences and shopping histories for planning moe
customer oriented marketing stratergies. The card could also
be personalized to hold the cardholder’s profile . In this way
, companies could become more competitive in attracting
Smart Card as electronic wallet.
In the future ,
the smart card would be used for payment in different aspects
. they could be used for both bankcard and prepaid debit card
fuctions . furthermore , because the smart card is easily
portable , it could be used for both online and offline
In the area of
electronic commerce, smart cards can be used for storing and
protecting a numbers of keys. With the use of smart card for
payment, security risk could be reduced as each transaction is
considered an individual event. Furthermore, even if a
particular smart card is hacked, the user account will still
the use of pin number, biometric and visual verification smart
cards can prevent unauthorized access and user’s privacy and
security could be achieved.
Smart e-Purse application
smart card system application system software simple
administration of the smart cards electronic purse. The member
details are easily maintained on the system with the ability
to add a member onto the system, edit and existing members
information and delete a member from the system . members are
maintained in categories where, among other things the
category determines the credit limit and access privileges for
the member . Clicking one button will initialize a smart card
for a member . If lost , a smart card can be hot listed . A
new card can be issued by clicking a button and the members
current balance will be automatically transferred. Funds can
be added or removed from the card by simply showing the card
to the reader clicking on the transaction type (Credit, Debit)
entering an amount clicking “write to card” . A statement can
be printed detailing the members purchase history; transaction
can be listed in detail or summary format by date and
location. This software can be integrated with the existing
Card System will perform the following Function:
The Smart Card
Terminal will be loaded with application module.
transaction is logged at the smart card terminal , the
amount transacted is keyed in , the operator inserts the
smart card and the terminal automatically checks for the
balance on the cards , calculates the transaction amount on
prevailing tariff and deducts the amount.
balance is updated on the smart card.
availability of smart card terminal with printer , pronted
receipts can also be provided.
transactions are stored on the chip of the card .
All smart card
terminals are connected to a centralized server via
telephone , WLL, GSM, or broadband subject to availability
of mode of communication .
transactions are logged to the centralized server to keep
records of transactions at various Smart Card Treminals.
software updates to Smart Card terminals can be done via