moneypad the future wallet

1. Technical SeminarTechnical Seminar onon
ByBy
Palukuri AshokPalukuri Ashok
11G21A058211G21A0582

2. contents:contents:
• IntroductionIntroduction
• Why is it called future wallet?Why is it called future wallet?
• Transaction using money padTransaction using money pad
• Is it secure?Is it secure?
• Money pad AdvantagesMoney pad Advantages
• Credit card or smart card disadvantageCredit card or smart card disadvantage
over money padover money pad
• conclusionconclusion
• ReferencesReferences

3. IntroductionIntroduction
• The 21The 21stst
century will be paperless papercentury will be paperless paper
currency and checks are gradually beingcurrency and checks are gradually being
substituted by smartcards, digital cash andsubstituted by smartcards, digital cash and
instant transfers of funds.instant transfers of funds.
• The wallet of future will hold less paper cash,The wallet of future will hold less paper cash,
coins and debit or credit cards with the helpcoins and debit or credit cards with the help
of device like PDA with a satelliteof device like PDA with a satellite
communication link.communication link.

4. Introduction…Introduction…
• Money pad is a futuristic wallet that operatesMoney pad is a futuristic wallet that operates
like a credit card or smart card, automaticallylike a credit card or smart card, automatically
verifying the users identity before issuing theverifying the users identity before issuing the
cash.cash.

5. Why is called future wallet?Why is called future wallet?
• This wallet will eventually replace the walletThis wallet will eventually replace the wallet
which we use today in future.which we use today in future.
• people wont carry coins, cheque or money inpeople wont carry coins, cheque or money in
their bags instead they will use this in future.their bags instead they will use this in future.
• All our task are now related to internet like e-All our task are now related to internet like e-
communication ,e-banking ,e-library ,e-classcommunication ,e-banking ,e-library ,e-class
so our wallet also will be replaced with e-so our wallet also will be replaced with e-
wallet in future.wallet in future.

6. Process of Issuing money pad:Process of Issuing money pad:

7. Transaction using money padTransaction using money pad
• If a user wants to use a money pad then heIf a user wants to use a money pad then he
has to place his finger on the touch screenhas to place his finger on the touch screen
and then place it in a finger print readerand then place it in a finger print reader..
• Then reader will ask for the security code if itThen reader will ask for the security code if it
matches he can enter inside e-bank.matches he can enter inside e-bank.

8. Transaction using money padTransaction using money pad
• For any transaction it ask for the service fromFor any transaction it ask for the service from
the main database where the userthe main database where the user
information is located.information is located.
• It requires a secure internet access forIt requires a secure internet access for
connection.connection.
• It is just like a client server interaction.It is just like a client server interaction.
• For the success of any transaction the usersFor the success of any transaction the users
details and finger print should match.details and finger print should match.

9. IS it secure?IS it secure?
• Yes, money pad is secure way of transactionYes, money pad is secure way of transaction
as it usesas it uses biometrics technologybiometrics technology or fingeror finger
print recognition.print recognition.
• Biometric technology are used to accuratelyBiometric technology are used to accurately
identify and verify an individuals identity.identify and verify an individuals identity.
• Eliminate problems caused by lost IDs orEliminate problems caused by lost IDs or
forgotten passwords by using physiologicalforgotten passwords by using physiological
attributes. For e.g. Prevent unauthorized useattributes. For e.g. Prevent unauthorized use
of lost, stolen or "borrowed" ID cards.of lost, stolen or "borrowed" ID cards.
• Being an e-cash if it is lost the next personBeing an e-cash if it is lost the next person
cant get any kind of advantages from it .cant get any kind of advantages from it .

10. Money pad AdvantagesMoney pad Advantages
• Applicable in e-banks and in any kind ofApplicable in e-banks and in any kind of
transaction.transaction.
• The money pad device is capable of carryingThe money pad device is capable of carrying
digi-cash and it is useful to perform any kinddigi-cash and it is useful to perform any kind
of e-banking or any kind of transaction.of e-banking or any kind of transaction.
• To perform remote transaction like e-To perform remote transaction like e-
payments, digi-cash transfer etc. Useful topayments, digi-cash transfer etc. Useful to
carry digi cashcarry digi cash
• It is secure and reliable.It is secure and reliable.
• It is applicable in any kind of ecommerceIt is applicable in any kind of ecommerce
transactiontransaction

11. Advantages…Advantages…
• It is useful in shopping ,telephone orIt is useful in shopping ,telephone or
electricity payment.it is very useful in dailyelectricity payment.it is very useful in daily
life.life.
• No need to worry for the transaction ofNo need to worry for the transaction of
money like where is atm machine or not.money like where is atm machine or not.
• Taking the money ourself is always risk taskTaking the money ourself is always risk task
so for this solution.so for this solution.
• Saving of time.Saving of time.

12. Credit cards or smart cardCredit cards or smart card
Disadvantages over money padDisadvantages over money pad
• Cant access whenever we want.Cant access whenever we want.
• User is always on pressure of limit amountUser is always on pressure of limit amount
of transaction.of transaction.
• The card has to be renewed once expired.The card has to be renewed once expired.
• Every transaction may require certainEvery transaction may require certain
charges.charges.
• Replace hard-to-remember passwordsReplace hard-to-remember passwords..

13. conclusionconclusion
• In future when internet is going to capture theIn future when internet is going to capture the
world there is no requirement of any cards.world there is no requirement of any cards.
• Just a small device which can recognize theJust a small device which can recognize the
finger print can be attached at any placefinger print can be attached at any place
throughout the world.throughout the world.

14. ReferencesReferences
• http://www.seminarsonly.com/computer%20science/Money%20Pad,http://www.seminarsonly.com/computer%20science/Money%20Pad,
%20The%20Future%20Wallet.php%20The%20Future%20Wallet.php
• http://seminarprojecttopics.blogspot.in/2012/08/money-pad-future-
wallet.html
• http://www.collegelib.com/t-money-pad-future-wallet-seminar-topic-http://www.collegelib.com/t-money-pad-future-wallet-seminar-topic-
abstract-report.htmlabstract-report.html
• http://www.engpaper.com/money-pad-the-future-wallet.htmhttp://www.engpaper.com/money-pad-the-future-wallet.htm

15. Any questions???Any questions???

16. aa
Thank-youThank-you