M-CASH APPLICATION

ARPITA NAIR

(ROLL NO. 733)

VIKRAM GOYAL (ROLL NO. 718)

Introduction

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M-commerce: Conduct of business supported by wireless technologies. Mobile payment: rapidly-adopting alternative payment. Mobile Payment applications:

personal payment transactions

e-ticket purchase, local merchant payments, stock trading, and transportation usage.

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Problem Definition
M-Cash Application: a mobile commerce application Objective: to support transfer of money or micropayments for services purchased. This system acts like a server-side wallet. The transactions will be done on a server.

Features
Options:

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Send Money

View Balance
View History

Key characteristics :

Transferability: each entity has a hybrid role- a payer and a payee.

User mobility: the payment process is independent of the

location of the user.

Literature Survey:
Apple's e-Wallet Application Mocapay Simpay

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Payforit
Obopay

Proposed System
Secure module used: SIM-card module. Two important phases of the system: Refilling the account. Money Transaction.

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Architecture :

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Refilling the account:

Money Transaction

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ADVANTAGES
Thin client application.

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No sensitive customer information at the handset level. Dependent on the SIM card number; not on the mobile device. Feasible with the present infrastructure. No extra hardware requirement. Portable-facilitates transactions regardless of the physical

location.

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For Users: Enables financial transactions without the costs and risks associated with the use of cash. For Users: Enables financial transactions without the costs and Operators: A significant increase in revenues. For associated with business opportunity. risksRetailers: Added the use of cash. Speed of Checkout: Rapid electronic payment is possible, no waiting in queues. For Operators: A significant increase in revenues. For Retailers: Added business opportunity. Speed of Checkout: Rapid electronic payment is possible, no

waiting in queues.

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Comparison of M-Cash M Cash Application Credit Cards application with Existingrequired by vendors No special hardware required Special hardware Electronic Payment fees applicable Systems Free joining Joining
No Annual fees Send amount of Rs. 500 or less- 2.5% Send amount of over Rs. 500- 5% Annual fees applicable Expenses on the credit card are subject to service tax of 10.3 per cent levied on the total value of the transaction inclusive of fees, interest and other charges.

References:
Documents:

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ICSTIS Code of Practice,11th Edition, Trusted Mobile Payment Framework Scheme Rules Version 1.2 24/05/2007 CACCI Journal, Vol. 1, 2008, From Electronic to Mobile Commerce Opportunities through technology convergence for business services Mr. Rajnish Tiwari, Research Fellow Dr. Stephan Buse, Assistant Professor Prof. Cornelius Herstatt, Director Institute of Technology and Innovation Management Hamburg University of Technology (TUHH) Web Resources: