CPE Miles Curiotto CPE Michael Stross EE The new compact secure and efficient way to carry all your credit and debit cards in one digital location We pledge our honor that we have abided by the Stevens Honor Syste ID: 753079
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Digital Wallet
Alberto Almonte (CPE)Miles Curiotto (CPE)Michael Stross (EE)
The new, compact, secure and efficient way to carry all your credit and debit cards in one digital location.
We pledge our honor that we have abided by the Stevens Honor Syste
mSlide2
Agenda
ProblemStatisticsSolutionDesignsComponentsTouchscreen
RFIDFingerprint scannerChallengesSlide3
Problem
Increasing amount of Credit/Debit CardsMore and more people using electronic forms of paymentPeople are carrying more cards leading to a higher risk of loss, theft, and damageSlide4
Statistics
There are 960 million credit/debit cards in the US on top of the 48.9 million American Express CardsThe average card holder has 3.5 cards.Every year in the USA there are 11.1 million fraud casesLost of stolen wallets made up 43% of all ID theft incidentsThere are 45 million and counting smartphones in the USASlide5
Solution
An electronic device that… Safely stores multiple credit/debit cardsAllows for credit/debit card transactions to be made wirelessly
Uses high security protocols to encrypt dataSlide6
Designs
Complete Standalone DevicePeripheral for Smartphone
More security (fingerprint scanner + PIN)More control of resources (battery, memory etc.)RFID transmissions require authenticationInnovative application which integrates user information with a secure payment processAdditional features:Rewriteable spare cardSwiping mechanismStorage for cash
One less device for the user to carry aroundUniversal compatibility for the most popular smartphonesPIN required to authenticate transactionsSlide7
Best Design
Complete Standalone Device
Peripheral for Smartphone More security (fingerprint scanner + PIN)More control of resources (battery, memory etc.)RFID transmissions require authenticationInnovative application which integrates user information with a secure payment processAdditional features:
Rewriteable spare cardSwiping mechanismStorage for cash
One less device for the user to carry aroundUniversal compatibility for the most popular smartphonesPIN required to authenticate transactions
WinnerSlide8
Components
RFIDTransmit card data to the receiverObtain and store card dataTouchscreen Display
Select which card they want to useAllow for human interface through deviceFingerprint readerVerifies user identitySecures device to intrudersSlide9
RFID
A microchip (tag) that can be accessed by radio frequency waves from an RFID reader wirelesslyThe digital wallet will contain a rewriteable tag that can be read by nearby readers with approvalProvides
an easy, contactless method for payment transactionsData transmitted is securely encryptedVariety of RFID tags that can be implemented into this projectSlide10
Touchscreen
Through use of a touch screen we can streamline the design to be simple, clean and efficient.The user will feel more secure that buttons are not accidently being pressed while the device is in his/her pocket.
The touch screen is a very modern and stylish technology that will make the device more attractive to a large consumer audience.Densitron 84-0042-003T Touch screen Display2.8in LCD resistive touch screenSlide11
Fingerprint Reader
Provide a secure way for the user to access the digital walletIf someone has a general idea about your likes and dislikes with enough time they can figure out your password. With a fingerprint reader, only the person with that fingerprint will ever be able to access it.Slide12
Challenges
Having a device that has all your vital information in one location is a lot to ask of a consumer.Finding the balance between security and ease of use.Securing RFID tag from being read by hackers without permission.Slide13
QuestionsSlide14
References
http://www.creditcards.com/www.Densitron.com www.integratedbiometrics.com