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FOLLOW ON FOR BANKING PASSBOOKS WITH MAGNETIC STRIPE (ELECTRONIC PASSBOOK)

IP.com Disclosure Number: IPCOM000028540D
Original Publication Date: 2004-May-19
Included in the Prior Art Database: 2004-May-19

Publishing Venue

IBM

Abstract

ELECTRONIC PASSBOOK: Selling, Cost control and Innovation are key compulsory disciplines that any financial institution should practice in order to survive in today’s competitive World. Eighty percent of financial innovation is driven by I/T and telephony technological options. Next paragraphs disclose a way to use RFID (Radiofrequency Identification) technology to innovate banking processes involving traditional saving passbooks.