The document describes Money Pad, a proposed future wallet that uses biometrics and a magnetic disk to securely store transaction and identity information. Money Pad aims to provide a more convenient and secure alternative to carrying cash and using credit/debit cards. It would allow instant transfer of funds between parties during purchases with strong security via fingerprint recognition and encryption. The document outlines how Money Pad could be implemented and sees it as having applications in electronic banking, e-commerce, and daily transactions if usability and security standards are met.

1. Money Pad, The Future Wallet
By,
V.Umesh Kumar

2. Keywords
 Introduction
 Credit and Debit cards
 Smart cards
 Electronic purses
 Money pad
 Uses
 Design of the system
 Field of implementation
 Conclusion.

3. Introduction
 Biometrics.
Security.
Finger Print recognition.
 Forms.
 Accessing.
 Authorization.
 E-cash.
 E-cheque.

4. Credit and Debit Card
 Definition`
 Providing details.
 Transactions over Internet.
 Processing.

5. Smartcards
 Definition
 Uses.
 Memory.
 Accessing.

6. Electronic Purses
 Flexibility.
 Relation ship based cards.
 Financial instrument.
 Wallet-sized smart cards useful in
Buying food,
To making photocopies,
To paying subway fares.

7. Money Pad
 Floppy disk.
 Consists of peripherals like:
A touch sensor and
Magnetic disk as its peripherals.
 Details of the owner.
 Transactions.

8. Why use Money pad?
 Instant clearing of funds
 Avoids the insecure way of carrying money
 Provides strong security
 Can be meet by a common man
 Avoids the nuisance of renewing

9. Design of the system

10.  The accuracy of any biometric system is
measured in two ways
• False Acceptance Rate — Where an impostor is
accepted as a match
• False Rejection Rate — where a legitimate match is
denied access

11. Fields Of Application
 Applicable in e-banks and in any kind of e-transactions
 Can be used to carry out remote transactions
 Useful to carry Digital cash
 Utilization of personal data in filling order forms
 Applicable in m-commerce transactions
 Applicable in daily life

12. Conclusion
 For a digital currency system to attain widespread
recognition and use the following three requirements are
necessary:
1. Instant clearing of funds
2. Elimination of payment risk
3. Secure transactions using strong encryption
 Since the Money Pad aims to satisfy the above conditions
there is no doubt that in near future it will be widely
recommended for use .

13. Thank You