THIS PRESENTATION IS ABOUT THE FUTURE WALLET, WHICH IS CALLED THE MONEY PAD.

1. The Future Wallet
JEEVAGAN.V.N
DEPARTMENT OF COMPUTER SCIENCE & APPLICATIONS
11MCA007
FOR DATA MINING SEMINAR COMPONENT
Submitted to:
Mrs. Sakthi Priya,
MIS

2. OVERVIEW
 Introduction
 Disadvantages
 Why Money Pad??
 How to use it??
 Technical Implementations
 Fields of Applications
 Conclusion
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3. Introduction..
 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 biometrics technology for Finger Print
recognition.
 Thus providing a form of security to the ever-lasting transaction currency of the
future “e-cash”
 The money pad is used by the user by giving his finger print impression on the
scanner and it records the thumb impressions.
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4. ..Disadvantages..
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5. Credit Card System..
 “Pocket Money” or “Pocket Card”
 Instant clearing of funds in not possible
 Pressure
 Renewal
 Fixed Encryption
 Fraud
 ‘Little Drops Makes an Ocean’
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6. Smart Card System..
 Easily Lost
 Security
 Slow Adoption
 Possible Risk of Identity Theft
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7. Where can u get??
 Visit a nearby bank with e-banking facility
 Create an account with some balance(?!)
 Give necessary details along with fingerprints
 User is given bank code & account number along with money pad
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8. How To Use It??
 Place your finger on the touch sensor & then on the finger print reader
 Enter bank code & account number to enter into e-bank services
 If a finger print match occurs the reader
knows that he is a authorised user and allows for further transactions
 What if the user is unauthorised??
 Then the reader comes to know that the user is unauthorised and a provision
can be made so that the digicash present in the Money Pad is e-mailed back to
the authorised accountholder using the user details present in the Money Pad
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9. Transaction using Money Pad..
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Finger print
reader
Money pad
Database server
E-
b
o
o
k
Cannot access cash is emailed to
owner’s account
General info. Of users
Info.collected in passed to
the server for
verification
Authorised

10. Technical Implementation..
 It uses Biometric Technology, where the security is provided
 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.
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11. Fields of Applications..
 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.
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12. Conclusion..
 Instant clearing of funds
 Elimination of payment risk
 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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13. Thanks 2 one & all…
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