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Moneypad- The future wallet

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Moneypad- The future wallet

  1. 1. Government Polytechnic Pune (An Autonomous Institute of Government of Maharashtra) 8149163269 MONEY PAD BY SHUBHAM KOLAPKAR
  2. 2.  Contents  Introduction  Present System  Architecture  Technical Details  Transaction using Money Pad  Applications  Advantages & Disadvantages  Conclusion MONEY PAD BY SHUBHAM KOLAPKAR
  3. 3. 1.Introduction  Money Pad is a e-cash handling system that recognises Finger Print’s of the user and decides weather the user is a authorised person or not. MONEY PAD BY SHUBHAM KOLAPKAR
  4. 4. 2.Present System  Credit Cards  Smart Cards MONEY PAD BY SHUBHAM KOLAPKAR
  5. 5. • Disadvantages of Credit card & Smart Card  Risk of data loss due to chip failure.  Insecure transaction using fixed encryption.  Limitations on the purchase by the issuer of card.  Transaction involves certain charges.  Card has to be renewed once it is expired. MONEY PAD BY SHUBHAM KOLAPKAR
  6. 6. 3.Architecture MONEY PAD BY SHUBHAM KOLAPKAR
  7. 7. • Structure of Money Pad MONEY PAD BY SHUBHAM KOLAPKAR
  8. 8. 4.Technical Details  Money pad uses the Biometric Technology for recognizing finger print of the user.  Biometric technology is defined as automated methods of identifying or authenticating the identity of a living person based on unique physiological or behavioural characteristics. MONEY PAD BY SHUBHAM KOLAPKAR
  9. 9. Biometric identifiers are categorized as:-  Physiological Characteristics  Behavioral Characteristics MONEY PAD BY SHUBHAM KOLAPKAR
  10. 10. • How It Works 1. Capture 2. Extraction 3. Comparison 4. Matching MONEY PAD BY SHUBHAM KOLAPKAR
  11. 11. Money Pad Reader MONEY PAD BY SHUBHAM KOLAPKAR
  12. 12. 5.Transaction Using Money Pad MONEY PAD BY SHUBHAM KOLAPKAR
  13. 13. • In Case of Accident  If any problem arrives the transmission means forward it to the Money Pad Management unit.  Then money pad management unit supplies temporary data.  The temporary data writes this to a memory of one of the temporary Money Pad devices stored in the medium storage means. MONEY PAD BY SHUBHAM KOLAPKAR
  14. 14. 6.Applications  Applicable in e-banks.  Applicable in any kind of online transaction.  Useful to carry Digital cash.  Useful for digital cash transfer.  Applicable in daily life. MONEY PAD BY SHUBHAM KOLAPKAR
  15. 15. 7.Advantages  Highly secure  No need to carry physical wallet  Replace passwords  Instant clearings of funds MONEY PAD BY SHUBHAM KOLAPKAR
  16. 16. • Disadvantages  There should at least one e-bank in city  Unable to use for hard workers & old age person MONEY PAD BY SHUBHAM KOLAPKAR
  17. 17. 8.Conclusion  The following three requirements are necessary i. Instant clearing of funds ii. Elimination of payment risk iii. Secure transactions using strong encryption  Since the Money Pad aims to satisfy the above conditions, there is no doubt that in future it will be widely recommended for use. MONEY PAD BY SHUBHAM KOLAPKAR
  18. 18. Any Queries ? MONEY PAD BY SHUBHAM KOLAPKAR
  19. 19. Thank You...!! MONEY PAD BY SHUBHAM KOLAPKAR

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