Money pad The Feature Wallet

Presenting By

A.Nagarjuna(08C11A0537)

Under the guidance of

Dr. S.Srinivasu M.Tech ,PhD ,M.I.S.T.E

ABSTRACT
Just as metal money replaced special paper currencies, electronically initiated debits and credits will become the dominant payment modes, creating the potential for private money to compete with government-issued currencies. Just as every thing is getting under the shadow of e today we have paper currency being replaced by electronic money or e-cash. The Money Pad introduced here uses the Fore Finger Print recognition. Thus providing a form of security to the ever-lasting transaction currency of the future E-cash.

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MONEY PAD

Introduction:
The 21st century will be paperless paper currency and checks are gradually being substituted by smartcards, digital cash and inst ant transfers of funds.
The wallet of the future will hold less paper cash, coins and magnetic stripe cards. It will hold instead Money pad containing Digital cash and other financial information, updated perhaps Automatically by a PDA With a satellite communication link.

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MONEY PAD

Key words :
Use the present system Credit Card Smart Card Money pad

Operations Of Money Pad

Transactions Using Money Pad Technical Implementation of Money Pad Applications Conclusion

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MONEY PAD

Use the present system :

Credit Card : Credit cards are payment devices that allow the consumer to make purchases within guarantied limits as defined by the issuer of the card.
Dis-advantages : Instant clearing of fund is not possible. User is always under the pressure of limits on purchase defined by the issuer of the card and also every transaction involves certain charges. Insecure transactions using fixed encryption. The card has to be renewed once it is expired.

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MONEY PAD

 Smart cards :
Common smart card chips typically holds about 8,000 bytes of information. Dis-advantages : Insecure transactions using fixed encryption. Risk of data loss due to chip failure.

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MONEY PAD

Money Pad
Money Pad is an electronic device which is used to transfer the money in a secure manner by the usage of biometrics

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MONEY PAD

Magnetic disk Space for read/write

write protect Nah Touch sensor

Central hub A Money Pad

Outer cover

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MONEY PAD

Operations of money pad:

Design of the system :

Process in request of money pad.

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MONEY PAD

Transaction using money pad:

A user wants to use the money pad he has to place his finger on the touch sensor and then place it in a finger print reader. The reader will ask for bank code of the database. Then he can enter into his e-bank, After the reader will access the finger print.

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Technical implementation of money pad:

The money pad uses the Biometric Technology as the technique with which the security is provided. Biometric Technology are used to accurately identify and verify an individuals identity. The accuracy of any biometric system is measured in two ways : False Acceptance Rate where an imposter is accepted as a match. False Rejection Rate where a legitimate match is denied access.

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Applications of money pad:

Applicable in e-banks and in any kind of e-transactions The money pad device is capable of carrying digi-cash and it is useful to perform any kind of e-banking or any kind of e-transaction. Can be used to carry out remote transactions To perform remote transaction like e-payments, digi-cash transfer etc., Useful to carry Digital cash The Money pad provides a secure means to carry digi-cash.

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Utilization of personal data in filling order forms The personal data stored in the money pad can be used to fill order forms thus savings users time. Applicable in e-commerce transactions It is applicable to any kinds of ecommerce transactions.

Applicable in daily life. It is useful in shopping, identification, telephone services and licenses . It is applicable in daily life.

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CONCLUSION
The following three requirements are necessary: 1. Instant clearing of funds 2. Elimination of payment risk 3. Secure transactions using strong encryption In future when internet is going to capture the world there is no requirement of any card or pad just a small device which can recognize the finger print can be attached at any place throughout the world.

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REFFERENCES
www.google.com www.wikipedia.org www.kk.org/cooltools

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ANY QUERIES?

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Thank you

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