Checking Account Tracking System CATS

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Checking Account Tracking System (CATS)

• by Tosha Hartley
• CS 410

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Introduction

• Does anyone still practice the art of writing
  checks?
• Who has a check card?
• Do you keep track of receipts?

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Outline

• Problem
• A Solution
• Benefits / Issues
• Technology Involved
• Impact on Society
• Predictions

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Problem

• Poor Money Management
• Americans need a simple, easy, and low cost way
  to keep track of their spending.

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A Solution

• Checking Account Tracking System
• Application software on Smart Card technology
  for the debit card. This will document when,
  where, and how much purchases are and displays a
  report of these transactions.

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What in the world is Smart Card Technology?
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Benefits

• Eliminates receipts
• Hardware exists already!
• Data on card can be stored in an encrypted format

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Benefits

• More space in wallets/purses
• Reduction in theft
• More awareness in money management

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Issues

• Smart Card readers/writers are needed anywhere
  shopping is possible.
• Convincing the bank this is worth their money
• Multiple cards for one account

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Technologies Involved

• Smart Card Technology
• Smart Card reader
• Application Software

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How Much and How Long

• To build the application software and an at
  home reader, here are a few predictions
• Cost to implement 150,000.00
• Time to complete 15 months
• End cost per unit
• Reader about 30.00 Smart Card about
  2.00

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Impact on Society

• May help us to be more organized
• Society as a whole may spend more wisely
• Convenient

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Future Possibilities

• Spread to all credit cards
• Smart Card reader drive in the PC
• Online shopping at a new level
• -Existing smart cards American Express
• Step in the direction of a cashless society
• Overall reduction in theft with the imbedded
  identification

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Conclusion

• Money Management
• Checking Account Tracking System
• Issues-vendors / Benefits improved money
  management
• Technology Smart Cards/Readers
• Application software (our involvement)

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Reference Support

• Smart Card Basics
• http//www.smartcardbasics.com/
• Smart Card Applications
• http//www.cardtechnology.com/cgi-bin/readstory.pl
  ?story20030303CTMC173.xml

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Reference Support

• Smart card technology in depth
• http//www.thewisemarketer.com/features/read.asp?i
  d3
• American Express Smart Card Reader
• http//home4.americanexpress.com/blue/faq_reader.a
  sp?Entry86fromsmartchipordering

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Reference Support

• Smart Card Capabilities
• http//www.ex.ac.uk/politics/pol_data/undergrad/ow
  sylves/page2.html
• Smart Card and Target
• http//www.eweek.com/article2/0,1759,1541187,00.as
  p
• http//usa.visa.com/personal/newsroom/press_releas
  es/nr41.html

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Any Questions?

• Checking Account Tracking System
• by
• Tosha Hartley
• Computer Science 410
• thartley_at_cs.odu.edu