The document discusses the future of digital payments and introduces the "Money pad", a device that will replace physical wallets and allow users to store digital cash and financial information. The Money pad uses biometric fingerprint recognition for secure authentication and can be used to perform remote electronic payments and transactions. It provides advantages over traditional payment methods like credit cards by enabling instant clearing of funds and more secure encryption during transactions. The Money pad is proposed as a solution that meets the future requirements of instant fund transfers, payment security, and elimination of physical payment methods.

1. Welcome Money padMarch 2, 2011Sample footer1To

2. Introduction:March 2, 2011Sample footer2 The 21st 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.

3. March 2, 2011Sample footer3Key words : Money pad

4. Digital or electronic cash

5. Personal digital Assistance

6. Biometrics Technology

7. Finger Print Reader

8. Float

9. Fiat Money

10. Specie-Backed

11. Legitimate Use the present system :March 2, 2011Sample footer4Credit 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.

12. March 2, 2011Sample footer5Smart cards : Common smart card chips typically holds about 8,000 bytes of information.Dis-advantages : Insecure transactions using fixed encryption.

13. Risk of data loss due to chip failure. write protect NahMagnetic diskSpace for read/writeTouch sensorOuter coverCentral hub A money pad

14. March 2, 2011Sample footer6Operations of money pad: Design of the system :

15. Process in request of money pad.New userEnter an e-bookRequest for money padCreates the details of the new user and his finger print record

16. March 2, 2011Sample footer7Transaction 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.General information of userInformation collected in passed To the server for verification.UnauthorizedAuthorized

17. March 2, 2011Sample footer8Technical 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 Acceptable Rate – where an imposter is accepted as a match.

18. False Rejection Rate – where a legitimate match is denied access.March 2, 2011Sample footer9Applications 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. 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 m-commerce transactions It is applicable to any kinds of ecommerce transactions.

19. March 2, 2011Sample footer10 Applicable in daily life. It is useful in shopping, identification, telephone services and licenses . It is applicable in daily life.Conclusion:The following three requirements are necessary:Instant clearing of fundsElimination of payment riskSecure 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.

20. March 2, 2011Sample footer11Thank you