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Group members

Group members. Wan Shuk Man Winnie, 053173 Lee Chi Man, 053043 Lee Tsz Heng, 053069 Tsang Yat Hung Ken, 053067 Yik Shing Bun, 053045 Tse Lai Chi, 055015. Content:. Introduction Requirements of a ‘good’ payment system nowadays. Can Octopus fulfil the requirements for Hong Kong people?

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Group members

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  1. Group members • Wan Shuk Man Winnie, 053173 • Lee Chi Man, 053043 • Lee Tsz Heng, 053069 • Tsang Yat Hung Ken, 053067 • Yik Shing Bun, 053045 • Tse Lai Chi, 055015

  2. Content: Introduction Requirements of a ‘good’ payment system nowadays Can Octopus fulfil the requirements for Hong Kong people? • Reliable • Speedy • Low cost Objective and History of Octopus Octopus survival in the Hong Kong future Future Development

  3. Requirements of today’s “good” payment systems WAN Shuk Man Winnie 053173

  4. Speedy • user can complete a payment in a short time • especially in Hong Kong

  5. Low Cost • Low $ to apply this card Too many choices $ Customers would use it

  6. Reliable • protect the user from personal information loss • $ loss SAFE Use it again

  7. Today’s Payment System LEE Chi Man, Benny 053043

  8. Octopus Card • An electronic system that makes payment simple and hassle-free.

  9. Objective • Provide a simple way to pay fare ~time saving payer can complete payment within 0.3s

  10. History • Introduce in 1997 • Produced by Octopus Cards Limited • Mainly focus on public transport payment initially • Unceasingly extend its reach in simple payment

  11. "首創用八達通返學點名" 八達通不斷滲入各階層市民的生活，除了車主可用來泊車、住戶可以用來當門匙外，一所學校更率先使用八達通點名，代替過往老師點名，不但令到學生方便，更令老師可以騰出教學時間...... --- 星島日報 (18.7.2001)

  12. "街市引入首次八達通繳費搶走超市顧客生意大增三成" 在街巿應用電子貨幣交易系統，除了可提高競爭力外，也可提升街巿形象。對顧客來說，可免卻現金找續的麻煩；對商戶來說，則有助加強效率，減低找續時出錯機會，也可避免積存大量硬幣而需要額外人手存入銀行。 --- 蘋果日報 (15.1.2004)

  13. Can Octopus fulfills the requirements of the HK people?- Part I - Lee Tsz Heng 053069

  14. 21世紀50大發明八達通上榜 英國《星期日獨立報》評選可改變21世紀人類生活的50大發明及意念，名單從熱門網站如eBay到日常生活小工具如寵物糞便清理袋，包羅盡有。該報形容，創意和發明通常體現於打破常規，在香港已用了10年的八達通卡便是其中一項重要發明……八達通的出現改變了香港人乘搭交通工具的習慣，並正逐步影響人們其他日常生活形式，如購物與大廈保安系統等。 --- 明報 (07.08.2006)

  15. Comparison--speedy

  16. Comparison—low cost

  17. Comparison---low cost

  18. Other Benefits • Additional internal uses (e.g. staff ID) • personal identify and access control purposes (e.g. IFC,維景灣畔,盈翠半島) • complex payment collection strategies (e.g. intermodal discounts) • different payments at different times of the day (e.g. k-bus)

  19. Can Octopus fulfills the requirements of the HK people?- Part II - Tsang Yat Hung Ken 053076

  20. Comparison—reliable

  21. Comparison—reliable

  22. Reliability Case 1 (lost card reporting). the loss during the first 6 hours after the loss being successfully reported • HK$20 • HK$30

  23. Reliability Case 2(八達通揭徐步高行蹤) 警方認為，徐步高夫妻二人互換八達通 警方証人披露根據徐步高生前的八達通使用記錄，將他在三宗案件期間的主要行蹤曝光，顯示徐在梁成恩被殺案、麗城花園恒生銀行劫案期間，曾多次乘搭途經現場的交通工具 新快報2007-04-14

  24. Reliability Case 3 (鳳姐命案憑八達通緝兇) 「一樓一鳳」在鳳樓不幸被殺, 警方調查發現，死者生前經常往返內地，在比較出境紀錄和八達通紀錄，查出她持有的八達通卡，赫然發現該卡在她死後仍有被用來乘車前往沙田馬場。警方遂翻查閉路電視，鎖定該卡的使用者，終在去年七月中拘捕被告。 東方日報 2007-04-20

  25. Can Octopus Cards survive in the Hong Kong future? YIK Shing Bun, Benjamin 053045

  26. Survive or Not? • Requirements for a payment system to survive • Level of Confidence • Level of Convenience • Room for further development

  27. Security • Mature technique • Limited Loss • Debit cards – limited amount for transactions • Void of Stolen cards • Cards are voided after reporting loss

  28. Level of Convenience: • Transaction Time • Completed in 0.3 seconds * • Avoid bringing coins • Bring the card but not the coins * Source: http://www.octopuscards.com/

  29. How Successful is it? How many Octopus Cards in Hong Kong are now in circulation?

  30. Service Providers Accepting Octopus Cards:Octopus Processors in use over HK over Transactions processed by Octopus Cards per day: Source: http://www.octopuscards.com/

  31. Transaction Amount per year : Source: http://www.octopuscards.com/

  32. Room for further development • Maintain low transaction/operation cost • Technologically Possibility to install • Could be installed in many fields • One Card Many Uses • Public transports + retail outlets + security uses

  33. New Payment Methods in the future TSE Lai Chi, Felix 055015

  34. Method (1) • January Visa (the biggest credit card market shares company) + Nokia (the most famous mobile company) •  a brand new payment system

  35. PayPass payment system • mobile phone act as your wallet • PayPass payment system • Japan, Netherlands, Germany and Finland • tested over the world • Advantages • easy and convenient • managing payment accounts / foundations

  36. Security • Just like credit cards: • Time gap between you lost it and you discovered that • Mobile payment: • bearing risks to loss

  37. We COULD Focus on something we would not easily loss, just like fingerprint

  38. Method(2) • LiveByTouch Holdings Ltd.(China) • fingerprint payment • How to use?? • fingerprint touching the payment machine • transactions finished within 5 seconds

  39. Advantages • Fingerprint is unique • safe • Survey taken by LiveByTouch: • 87.27% of interviewee • Will use fingerprint payment • 70% of interviewee • believe fingerprint payment is safe and fast

  40. Is fingerprint really safe? • "smart guy“ • break and crack • sounds impossible now? • technology changes not necessarily to be impossible tomorrow • cut your finger out?

  41. Conclusion

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