HUS Mobile Payment using RFID

ABSTRACT:
HUS is a low-cost, stripped down mobile payment system. We need to make a prototype which combines Radio Frequency Identification (RFID), Security Pin Authentication and Ethernet Data Transfer to provide a prototype for a low-cost secure payment system that has the potential to change lives in rural areas of developing countries. HUS is a service that aims to securely and conveniently move retail banking and financial services to cell-phones. It is a mobile-banking facility for the unbanked. We propose to deliver access to financial services to the unbanked, on low-end mobile phones. Worldwide there are 4.1 billion cell-phone users compared to just 1.6 billion people with bank accounts; further, research reveals a potential of $250 billion in micro-finance in the world, yet only $25 billion has been lent out. HUS has the potential to bridge both gaps. This is an idea targeted at developing countries; as the Internet and ATMs are unavailable in rural areas and penetration is low even in urban areas there are many problems faced (including access to financial services and remittances). The idea is to construct a complete mobile-payment ecosystem comprised of RFID-enabled phones and text message (SMS) transactions to access a virtual account- a simple, fast and safe solution for financial transactions. While HUS can be a lifechanger in the developing world, it also has awesome applications in the developed world. As an example application, HUS users would be able to pay for an airline or movie ticket by textmessaging an advertised SMS code and then skip the line at the counter by scanning their RFID equipped phone at the entry point and entering their authentication details.

BLOCK DIAGRAM:

SCOPE:
1. Design and fabricate customised PCB. 2. Assembling the Compeonets. 3. RFID transmit and Receive Circuitry. 4. RFID TX & RX Coding and Communication Protocols.

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