Swing-Pay: One card meets all user Payment and Identity Needs

Advancement in payment technologies has an important impact on one's quality of life. The new payment technologies create both opportunities and challenges for future. Being quick and convenient process contactless payment gained momentum. However, it poses risks to issuers, as no robust customer verification method is available. Thus, efforts have been underway to evolve and sustain a well-organized, efficient, reliable, and secure unified payment system, which may contribute to the smooth functioning of the market by eliminating obstacle in business. This paper presents an approach and module by which one card can communicate with another using near-field communication(NFC) technology to digitally transfer money from the payer's bank to the payee's bank. This approach eliminates the need for physical cash and also serves all types of payment and identity needs. Embodiments of this approach furnish a medium for cashless card-to-card transactions. The module, which is called Swing-Pay, communicates with a bank via global systems for mobile communication (GSM). The security of this module is intensified using biometric authentication. An app is also presented that works on Android platform as a scanner of the proposed module to read the identity details of the card owner. A prototype of a digital card is also detailed. This card can also be used as a virtual identity (ID) card, accumulating the information of all ID cards, including an electronic passport, voter ID, and driver's license.