|
|
 |
 |
|||
|
|
|
|||
|
|
|
|
||
The Future of Transactions
Project METS is a team of undergraduate Computer System Engineers and Computer Science majors aimed at designing and implementing secure mobile electronic transaction systems (METS). Current market research shows that the financial industry is moving more and more towards paperless/cashless transactions everyday. Existing paperless/cashless transaction systems have been found to be vulnerable and easy to compromise because they implement fairly simple security methods. Project METS is looking alleviate many of the common issues related with the current transaction systems (e.g. Credit Cards and the SpeedPass Transaction System). Credit Card numbers can be hijacked, compromised, or created. The physical credit card may be stolen or reproduced and used elsewhere with only a signature as a method of validity. A SpeedPass may be duplicated by copying a valid digital Radio Frequency ID (RFID) tag to a similar device. Project METS is looking to fill that void left by existing systems by developing a secure transaction system that will simplify the actions that need be taken by a consumer to complete an electronic transaction. This system will be based on the fact that everyone will have a unique identification, which will not be easily compromised. This form of identification must be mobile, electronic and run on either a mobile device (such as a cell phone) or be its own separate device (such as a SecurIDŽ by RSA). Such application must be user friendly, time and space saving, as well as cost effective in order to take off in the market place. |
The Problem Statement has been posted on the
document page The Requirements Specification has been posted on the
document page The System Block Diagram has been posted on the
document page |
|
||
|
|
|
|
|
|
|
|
|
|||
© 2004 University of Massachusetts Amherst. Site Policies. |
|
|||
