Professional Documents
Culture Documents
1.ABSTRACT
2.INTRODUCTION
3.MEANING
SYSTEM
INDIA
15.SECURITY EFFORTS
1.Abstract.
transactions.
2.Introduction
clear that we're abolishing the physical need for money, one
value, just like paper money with respect to banks. The credit-
will first see how credit cards work, then continue on to email-
3.Meaning
1-Withdrawal 3-Deposit
3-Deposit
MIT report
credit card will pay for what you are charging. Merchants with
works). For example, people often swipe their own card at the
protocol for credit card use starts with a cashier swiping the
card through a reader. This dials a stored telephone number to
the record on the stripe for merchant ID, valid card number,
expiration date, credit card limit, and card usage. Single dial-up
works).
database. For example, before you get cash from an ATM, the
way. This means that it's easy to compute a cipher given the
bank's key and the customer's PIN, but not really feasible to
obtain the plain-text PIN from the cipher, even if the key is
known. This feature was designed to protect the cardholder
and then feeding the same signals to the ATM to trick it into
The client fills in a form (e.g. the credit card number and
order information)
commonplace.
they wish to draw from, they can send money to anyone with
currencies.
(DiGiorgio).
money as a number on the card. With this in mind, they act like
(Abrazhevich).
are more reliable than a magnetic stripe card. They can also
(DiGiorgio).
Summing these up, one can state that e-money is not like
general works.
be in place to keep track of all notes that have been issued, but
15.Security efforts
which have value sending out radio signals about what they are
and where they are. They cannot communicate with each other
already allow retail outlets to know what goods are going in out
the pulses emitted from the radio barcodes on each item and
security details that need to be taken care of, but this is just a
17.Conclusion
After highlighting both account based systems and
References.
<http://whatis.techtarget.com/definition/0,289893,sid9_gci2141
94,00.html>
1997
<http://www.javaworld.com/javaworld/jw-12-1997/jw-12-
javadev.html>;
<http://www.globalchange.com/rfids.htm>;
Jun 1996.
<http://www.around.com/money.html>;
Griffith, Reynolds. Cashless Society or Digital Cash?
<http://www.sfasu.edu/finance/FINCASH.HTM>;
<http://ws19.webpark.pl/>;
<http://www.financeasia.com/articles/D81F1EC1-9494-4278-
A994C47977599E16.cfm>;