Group 10 Team Techno Crtes 1 Bipul Biplav

Group 10: Team Techno. Cr@tes 1. Bipul Biplav Mukherjee 2. Manish K. Shukla 3. Axit D. Gandhi 4. Vikas Kundu Presents: Aadhaar Transactions 1

The “Personification” of “Team-Work” 2

Top 4 !deas. Aadhaar Transactions Aadhaar based security system. Aadhaar card based Enrollment System Aadhaar Based Voting Systems 3

Problem Statement • Although ATM has become quite ubiquitous today, there is still a practical limit on the number of ATMs around you. • Also, it’s quite common to encounter Card clashes, i. e. when your retailer doesn’t accepts your Smart card. • We formulated all these problems, and finally define our problem statement as : “People now a days need a uniform means for performing daily cash transactions because of lack of uniformity and security in the current approaches. ” 4

Aadhaar Transactions At Glance • We Propose a System, wherein a single aadhaar card can substitute any number of ATM cards and also will reduce the flow and requirement of carrying hard cash. • It basically involves associating each and every bank account of every aadhaar card holder to his UID number, which further will allow the card holder to make transactions using any of this bank accounts • The Proposed system will allow you to carry out all of your commercial or personal transactions, using just your Aadhaar card and a portable device. • The Transactions can be both inwards & Outwards, i. e. can be either receipt or payments. 5

Working of Aadhaar Transactions Payments Receipts ATD [Aadhaar Transaction Devices] 6

Proposed Model of the ATD The Touch Screen Panel that will be used for user interaction. The Thumb Scanning Panel that will be used for retrieving corresponding UID number 7

Steps to use ATDs Enter Your UID number and activate your device. Buy the ATD Set Your Primary Bank Account that will be used for transactions. You're now ready to use your card and device for any payments and receipts.

Steps to use Proposed device • ü ü Payments : Cashier provides you with the ATD. Swipe your thumb on the thumb panel to retrieve your aadhaar card details. select your bank account from which you want to make the payment. select the amount, confirm and the required amount will be credited to the retailer’s account. • ü ü ü Receipts : Offer your ATD to the paying party. Make Sure he enters the correct amount for payment. As soon as he confirms the payment, your default bank account will be credited with the respective amount. 9

Tools Of Creativity : Fish Bone Diagram Machine • ATM Machine failure • Chances of Thefts • Continuous Monitoring and Maintenance Human • Forgetting PIN • Losing ATM Card • Mishandling the ATM Problems in Current Payment System • Card deteriorate • Hard cashes prone to wear and tear Material • Lack of Multi ATM support system • Card swipe problems Method 10

Tools Of Creativity : Six Thinking Hats ATM machine requires costly infrastructure. Around 40% of railway tickets are booked online. 27% of the transactions are aborted because the receiving party does not accept the payment card. Happy : If all transaction can be carried out without any card. Relief : No need to carry any hard cash. Can be used commercially as well as for personal use. Hand held devices can be build at an affordable price. Can target classes as well as masses. 11

• Hand held device should be handled carefully. • Common man should be given proper knowledge about using hand held device. • Cash cannot be withdrawn. • Can be used for payments and receipts. • Can be used across multiple bank accounts. • Active bank account tracking. • We can retrieve our transaction records. • After considering all the factors, we conclude that the current complex transaction payment system can be easily substituted by a more flexible, easy to use system, in a feasible manner. 12

Cost Specifications of Aadhaar Transactions ü Approximate cost of the ATD : Rs. 3000 ü A Continuous internet Connection : Max. Rs. 200 ü Total -Rs. 3200. 13

Help needed. ! • Separate Departments where people can register their bank accounts with their UID. • Spread awareness regarding this product through Advertisements, seminars, campaigns etc. • Collaboration with an electronic company for producing the ATD. • Support from Government and Different Banks • Internet Connection. 14

Benefits • Necessity to carry hard cash is considerably reduced. • We can use this system in both commercial ways and personal ways. • We can pay toll tax, salary, bills, debts and virtually do anything that hard cash can. • ATD is affordable for anyone to own it. • We can use it in restaurants, malls, theaters and even at grocery shop or “sabji-mandi” • More safe. • No fear of wear and tear. 15

Future Prospects • We can set up transactions limit in our device. • If transaction exceeds the defined limit , then notification will be sent. • In case we lose our device somewhere, mechanism can be set to trace our device. • We can retrieve our transaction history over a certain period of time. • Based on the sophistication to which aadhaar card services are taken, this device will adapt itself accordingly. 16

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