Your SlideShare is downloading. ×
Money pad the future wallet
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Money pad the future wallet

20,850
views

Published on


9 Comments
9 Likes
Statistics
Notes
  • do this money pad require internet?
    how is this useful for telephone services??
    is there any one who r using it?
    doesnt it have disadvantages?
    what to do if it fails at essential times? please give response immediately
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • sir can plz tell the release date..and who presented this seminar..
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • can u pls send me the abstract,ppt on this topic as soon as possible plz plz plz .my email id is:789ramya@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • can u please send me the abstract, ppts as well as the research paper for the seminar topic
    'Money Pad, the Future Wallet as soon as possible.
    my email id is shagufa000@gmail.com
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
  • will u please send a ppt on this topic to me
    ID:ravularavalireddy@gmail.com
    please send it by 7th that is on monday as soon as possible
       Reply 
    Are you sure you want to  Yes  No
    Your message goes here
No Downloads
Views
Total Views
20,850
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1,628
Comments
9
Likes
9
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. A seminar report on Money-PadBy –Leelakh Sachdev
  • 2. MONEY PAD The Future Wallet
  • 3. INTRODUCTIONThe 21 st century will be paperless paper currency and checks are gradually being substituted by smartcards, digital cash and instant 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.
  • 4. Credit cards disadvantages• Instant clearing of funds 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.
  • 5. Smart cardsdisadvantages• Insecure transactions using fixedencryption.• Risk of data loss due to chip failure.
  • 6. Operations of money pad Process in request of money pad. New user Enter an e-book Request for money pad Creates the details of the new user and his finger Create for print recordnew accountMoney pad is Database server issued
  • 7. 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 accessGeneral info.finger print. the Of users Info.collected in passed to Finger print the server for verification reader Database server Unauthorised Money pad Cannot access cash is emailed to E- owner’s account Authorised book
  • 8. Technical implementation of money padThe 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 Acceptable Rate – where an imposter is accepted as a match. False Rejection Rate – where a legitimate match is denied access.
  • 9. 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.• 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.• It is applicable to any kinds of ecommerce transactions.
  • 10. Applicable in daily life.• It is useful in shopping, identification, telephone services and licenses . It is applicable in daily life.
  • 11. Conclusions• The following three requirements are necessary;1. Instant clearing of funds2. Elimination of payment risk3. 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.
  • 12. Thank you Any Queries