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CAMPUS
e-PURSE
Many
successful E-purse schemes have
been implemented in "close communities"
including college campuses,
clubs, 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 card 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 more customer-oriented
marketing strategies. The card could
also be personalized to
hold the cardholder's profile. In this way,
companies could become more competitive
in attracting customers.
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 functions. Furthermore,
because the smart card is easily portable,
it could be used for both online and offline
payment.
In the area of electronic
commerce, smart cards
can be used for storing
and protecting a number 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 be safe.
Together
with the use of the pin
number, biometrics and visual
verification smart cards can prevent
unauthorized access and
user’s privacy and security could
be achieved.
When
electronic payment is widely
accepted in daily uses,
transactions would become more efficient.
A single card could be used for different
applications.
Smart
e-Purse at Campus
The
Smart Card system application
software enables simple administration
of the smart card's electronic purse.
The Student details are
easily maintained on the system with the ability
to add a Student onto the system, edit an
existing Student's information and delete
a Student from the system. Students
are maintained in categories where, among
other things, the category determines the
credit limit and access privileges for the
Student. Clicking one button will initialize
a Smart card for a Student. If lost, a Smart
card can be hot listed. A new card can be
issued by clicking a button and the Student's
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 a transaction type (Credit, Debit) Entering
an amount Clicking "Write to Card".
A statement can be printed detailing the Student's
purchase history. |
