Multiple PIN for Debit Card

This post is thanks to one more mail in my Inbox for 'Enter your ATM PIN in reverse to alert police', which is a hoax and can't be implemented even if its kind of useful. But here is what Banks can do to provide a little more security, or say more flexibility via ATM card.

Account holders can have option of creating one or more 'partition' in their bank account. This partition is like sub-account to the main account. People can decide how much money they want to put in one or more such account partition. Each such partition will have a separate ATM-PIN.

Now partitions are protected by different PIN but the account is same and any of the partition can be used by the same and single ATM card. Depending on the password you enter or disclose to somebody, only one of the partition is compromised.

So if you are at knife edge, you can show the robber only few Rupees left in your 'account'. Or accidentally show to your boss to remind the pending appraisal !

Image Source: capl@washjeff.edu

Future Car Pool Station (CPS)

Here is a new Car Pooling Concept which tries to solve traditional car pooling problems (what if one of partners is late? What if one of partners is not coming at all? What if one of partners is asking to wait? What if the car owner is not going to office today? How to share the money precisely?). You are going to read a future billionaire’s new blog post. Be attentive before reading further!

You leave from your office in your car. You drive to CPS-12, the nearest Car Pool Station numbered 12. You enter the station and swipe your CPC or Car Pool Card at the entrance gate. The machine at the entrance gate reads your information. The machine knows where exactly you are going after office, (Here is the catch, but leave it aside now!) that is to your home. Now it calculates the route, from the station to your home. Now it opens list of people who at that time are present in the CPS-12. These people are not the station employees but normal commuters. Each commuter has one CPC. While entering the station they have to swipe the card the way you did. The CPS computer will then know, where each passenger wants to go. Now the computer lists out the people whose destination is on your way. It picks the 3 commuters who can be accommodated in your car. By the time you reach a special platform just outside the waiting lounge, you will find the 3 people already waiting for you, thanks to the CPS’s instant mobile message system. At the platform they again swipe their ‘prepaid’ CPC to a special machine who deducts some amount based on their destination. Then before starting the journey, you also swipe your card at the machine, which will credit some amount based on the number commuters you are carrying. You get out of the CPS and drive towards your home dropping the 3 commuters on your way.

Wohow! its over. its simple.

You save on car running cost by sharing.
They save money and time.
We save the environment.

Any takers?