A presentation for Professional Communication class in the freshman year of undergrad, Computer Science & Engineering at KIIT University, to test my public speaking skills. My professor appreciated it a lot and I scored the highest in class.
The document proposes a new digital wallet called MoneyPad that uses biometrics for secure electronic transactions. MoneyPad would replace physical cash and cards by storing digital cash and transaction information. It uses fingerprint recognition technology for authentication. MoneyPad aims to enable instant funds clearing, eliminate payment risk, and provide strong encryption for secure transactions of digital currency. It could be used for e-banking, e-commerce, and mobile payments. The document outlines the technical details and implementation of MoneyPad, as well as why it would be useful for users and merchants.
The document describes a proposed digital payment system called the Money Pad. The Money Pad uses biometric authentication via fingerprint scanning to securely store and transact digital cash. It aims to provide advantages over existing payment methods like credit cards and smart cards by enabling instant funds clearing, strong security through biometrics, and eliminating the need to carry physical cash. The Money Pad consists of a touch sensor to record fingerprints and a magnetic disk to store authentication details, bank information, and digital cash balances. It is envisioned as a convenient way to perform electronic payments and banking transactions using digital cash.
The document describes Money Pad, which is proposed as a replacement for paper currency and cards for electronic transactions. Money Pad uses fingerprint recognition for security. It would store digital cash and transaction information. To use it, a user would register at a bank, providing fingerprints. The Money Pad would then store the user's account information and fingerprint for verification during transactions. It aims to provide instant funds transfers, avoid insecure cash carrying, and ensure strong security for electronic payments.
This document is a seminar report submitted by Shubham Kolapkar about a proposed digital payment system called Money Pad. Money Pad uses biometric fingerprint recognition for authentication, storing the user's fingerprint on a hard disk. When making a payment, the user places their finger on the Money Pad, which scans and matches it to the stored print to verify the user's identity before allowing transactions. This provides secure electronic cash payments to facilitate online and remote transactions as the world moves away from physical cash. The report provides background on existing payment methods and their limitations, then describes how Money Pad would work and the technologies involved.
This presentation introduces Money Pad, a proposed future wallet that would replace traditional paper-based wallets. Money Pad uses biometric fingerprint recognition for secure identity verification and transactions. It would allow contactless payments and digital cash transfers using an internet-connected device. Money Pad offers advantages over credit cards like unlimited access to funds, no transaction fees, and eliminating the risk of lost or stolen cards. The presentation concludes that as internet usage grows, Money Pad could replace cards as a more convenient way to perform cashless transactions anywhere in the world through fingerprint authentication on a single device.
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.
The document discusses the "Money Pad", a proposed future replacement for physical wallets. The Money Pad would store digital cash and financial information, updated wirelessly. It would eliminate the need for paper cash, coins, and cards. Transactions using the Money Pad and biometric fingerprint authentication would allow for secure, instant fund transfers. The Money Pad could revolutionize mobile commerce by facilitating remote digital payments.
This document summarizes a seminar presentation on Money Pad, an e-cash handling system that uses fingerprint recognition to authenticate users for transactions. It describes the current credit/debit card system and its limitations. The Money Pad architecture uses biometric technology to allow for instant clearing of funds, strong security, and avoidance of physical wallets or cards. It has applications in e-banking, e-commerce, and daily transactions. The Money Pad aims to provide instant clearing, eliminate payment risk, and enable secure transactions through strong encryption.
The document proposes a new digital wallet called MoneyPad that uses biometrics for secure electronic transactions. MoneyPad would replace physical cash and cards by storing digital cash and transaction information. It uses fingerprint recognition technology for authentication. MoneyPad aims to enable instant funds clearing, eliminate payment risk, and provide strong encryption for secure transactions of digital currency. It could be used for e-banking, e-commerce, and mobile payments. The document outlines the technical details and implementation of MoneyPad, as well as why it would be useful for users and merchants.
The document describes a proposed digital payment system called the Money Pad. The Money Pad uses biometric authentication via fingerprint scanning to securely store and transact digital cash. It aims to provide advantages over existing payment methods like credit cards and smart cards by enabling instant funds clearing, strong security through biometrics, and eliminating the need to carry physical cash. The Money Pad consists of a touch sensor to record fingerprints and a magnetic disk to store authentication details, bank information, and digital cash balances. It is envisioned as a convenient way to perform electronic payments and banking transactions using digital cash.
The document describes Money Pad, which is proposed as a replacement for paper currency and cards for electronic transactions. Money Pad uses fingerprint recognition for security. It would store digital cash and transaction information. To use it, a user would register at a bank, providing fingerprints. The Money Pad would then store the user's account information and fingerprint for verification during transactions. It aims to provide instant funds transfers, avoid insecure cash carrying, and ensure strong security for electronic payments.
This document is a seminar report submitted by Shubham Kolapkar about a proposed digital payment system called Money Pad. Money Pad uses biometric fingerprint recognition for authentication, storing the user's fingerprint on a hard disk. When making a payment, the user places their finger on the Money Pad, which scans and matches it to the stored print to verify the user's identity before allowing transactions. This provides secure electronic cash payments to facilitate online and remote transactions as the world moves away from physical cash. The report provides background on existing payment methods and their limitations, then describes how Money Pad would work and the technologies involved.
This presentation introduces Money Pad, a proposed future wallet that would replace traditional paper-based wallets. Money Pad uses biometric fingerprint recognition for secure identity verification and transactions. It would allow contactless payments and digital cash transfers using an internet-connected device. Money Pad offers advantages over credit cards like unlimited access to funds, no transaction fees, and eliminating the risk of lost or stolen cards. The presentation concludes that as internet usage grows, Money Pad could replace cards as a more convenient way to perform cashless transactions anywhere in the world through fingerprint authentication on a single device.
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.
The document discusses the "Money Pad", a proposed future replacement for physical wallets. The Money Pad would store digital cash and financial information, updated wirelessly. It would eliminate the need for paper cash, coins, and cards. Transactions using the Money Pad and biometric fingerprint authentication would allow for secure, instant fund transfers. The Money Pad could revolutionize mobile commerce by facilitating remote digital payments.
This document summarizes a seminar presentation on Money Pad, an e-cash handling system that uses fingerprint recognition to authenticate users for transactions. It describes the current credit/debit card system and its limitations. The Money Pad architecture uses biometric technology to allow for instant clearing of funds, strong security, and avoidance of physical wallets or cards. It has applications in e-banking, e-commerce, and daily transactions. The Money Pad aims to provide instant clearing, eliminate payment risk, and enable secure transactions through strong encryption.
The document describes Money Pad, an electronic cash handling system that uses fingerprint recognition to authenticate users. It works by capturing, extracting, comparing, and matching fingerprint data to determine if a user is authorized. Money Pad aims to improve security over credit cards and smart cards while allowing for instant clearing of funds and secure transactions. It could be used for online payments, digital cash transfer, and daily transactions once supporting infrastructure like e-banks are more widely available.
The document provides an introduction to the concept of digital/electronic cash and cashless transactions. It discusses how physical currency and paper-based transactions are being replaced by digital forms of payment using technologies like smart cards, digital cash, and instant fund transfers. It introduces the concept of a "Money Pad" which uses biometric fingerprint recognition to provide secure access to a user's digital cash and financial information. The Money Pad would store this digital cash and data, and could be automatically updated via a PDA or satellite connection. It emphasizes the importance of protecting individual privacy and rights as these electronic payment systems develop.
Presentation on security feature of atm (2)Siya Agarwal
The document discusses the security features of ATM systems. It describes how ATMs work by having customers authenticate using cards and PINs. ATM security relies on crypto-processors, database security, and network security. It provides security through mechanisms like time-outs for invalid PIN entries and recognizing stolen cards. Additional security features include identity verification, data confidentiality, accountability, and audit capabilities. The document emphasizes the importance of keeping ATM cards and PINs secure and reporting any loss or theft.
The document summarizes a seminar report on Money-Pad, a proposed future wallet that holds digital cash and financial information rather than paper cash. Money-Pad uses biometric fingerprint recognition for secure authentication of transactions. It allows for instant clearing of funds without transaction fees or credit limits. In the future, as internet access expands globally, financial transactions may be conducted via small fingerprint recognition devices without need for physical cards or pads.
ATM Security by using Fingerprint Recognition And GSMAlpesh Kurhade
This document discusses using biometric authentication in ATMs to address security issues. It outlines environmental and security concerns with conventional ATM systems that rely on PINs. It then describes how biometric authentication could use fingerprints, iris scans, or other biometrics to uniquely identify card holders instead of PINs. The document proposes a system that would collect biometric data, transmit it via GSM for authentication, and provide a more secure alternative to traditional ATMs.
The document discusses the security features of ATM systems. It covers how ATMs work by connecting to a host computer for transaction authorization. Card readers, PIN entry, and crypto-processors securely authenticate users. Additional security measures include transaction limits, invalidating stolen cards, and encrypting transmitted data. Databases and network security aim to protect confidential user information and ensure integrity of financial transactions processed through the ATM network.
The document is a seminar report on "Money Pad: The Future Wallet" presented by two students, Patel Jinkal P. and Patel Krushna C., to partially fulfill their degree at Gujarat Technological University. It discusses the future of digital currency and introduces Money Pad, a proposed electronic wallet that uses fingerprint recognition for secure transactions.
The document summarizes the history and development of smart cards from 1968 to 1999. Some key events include the first patent filings for microchip cards in 1968 and 1970, the original patent for an IC card in 1974, and the beginning of commercial smart card development in 1977. The document then defines smart cards and describes their various components and applications, including banking, identification, transportation, and telecommunications. The advantages of smart cards over magnetic stripe cards are also outlined, such as increased security, processing power, and storage capacity.
The document describes Money Pad, a proposed replacement for paper currency using biometrics. Money Pad would use fingerprint recognition technology to provide secure electronic transactions. It would store a user's bank account information, including their fingerprint, to enable debit transactions. A fingerprint reader would verify the user's identity against the stored fingerprint before approving transactions from the Money Pad e-wallet. The document outlines how Money Pad could work, its technical implementation using biometrics, and its potential applications for secure e-commerce payments.
This document proposes an ATM system that uses facial recognition instead of cards and PINs for verification. It would work by having a camera installed on the ATM that takes a photo of the customer's face and compares it to an image stored in the bank's database associated with the account. This would provide increased security by matching a live photo to the stored image without needing a card or PIN. The document outlines the components, techniques, process and potential benefits of such a biometric-based ATM system for more reliable authentication.
A smart card is a plastic card that contains an embedded microchip which can store and process data. The microchip allows smart cards to carry out encryption and authentication functions. Smart cards come in contact and contactless varieties. They offer benefits like security, intelligence, and convenience. Smart cards are used in applications like mobile phones, healthcare, and transportation to store user data, enable authentication, and process transactions securely. Their use is expected to grow significantly in the future as more services migrate to using smart card technology.
1. The document discusses adding biometric identification, specifically eye recognition, to ATMs to improve security over traditional passwords.
2. It describes how an ATM with eye recognition would work, prompting the user to insert their card then input their PIN before capturing an image of the user's eye to verify their identity.
3. Eye recognition offers advantages over other biometrics for ATM use as the iris and retina patterns are unique, stable over a person's lifetime, and can be imaged from a distance. However, challenges include obtaining a clear image of the small eye target.
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
This document proposes enhancing ATM security through iris recognition. It begins with an introduction to ATMs and discusses limitations of current security methods like PINs and fingerprints. Iris recognition is presented as an alternative biometric for identification. The document outlines how iris recognition works, its advantages of being accurate, stable and difficult to forge. Potential disadvantages like cost and small iris target are noted. It concludes iris recognition could provide more reliable security for ATM use by allowing quick, permanent identification without PINs or cards.
This document discusses money pad, a proposed future wallet that would replace traditional wallets. Money pad would use biometric fingerprint recognition and operate through secure internet connections to banks. It would allow contactless transactions and access to digital cash without needing physical money, cards, or checks. Money pad offers advantages like convenience, security, and accessibility for online transactions and payments. However, current credit cards and smart cards have limitations like expense, renewal requirements, and transaction limits that money pad aims to address as technology advances into a more digital world.
This document discusses adding facial recognition technology to ATMs. It proposes combining a physical access card, PIN, and facial recognition for added security. The main challenges are keeping verification time negligible, allowing for variation in a customer's face, and enabling credit card use without banks having customer photos. Facial recognition could match a live image to one stored in a bank database associated with the account, neutralizing stolen card and PIN fraud. With appropriate lighting and software, variations could be accounted for, and additional images stored over time to decrease false negatives. This added security could reduce theft by bank employees and the impact of stolen cards and PINs.
An automated teller machine (ATM) allows customers of financial institutions to access services such as withdrawing cash, checking balances, transferring funds, and paying bills without a human bank teller. ATMs use magnetic cards containing unique numbers and security PINs to identify customers. The first ATM was introduced in 1967 in London, and since then ATMs have provided 24/7 access to banking worldwide with features like deposits, bill payments, and international support.
The document discusses e-wallets, which allow users to store payment and personal information for online transactions. E-wallets make online shopping more convenient by automatically filling in forms. They also aim to facilitate paperless money transfers. Some advantages are ease of use and mobility, while disadvantages include security risks like easy duplication and limited lifetime or acceptance of some e-wallets. Popular e-wallets include Google Wallet, Qpass, and Illium Software. Near Field Communication (NFC) technology allows contactless payments using devices like smartphones. Google Wallet allows in-store purchases using an Android app.
This document discusses biometric authentication using facial recognition technology in automated teller machines (ATMs). It provides an introduction to biometrics and how facial recognition works by measuring distinct facial features to create a unique numerical code or "faceprint". The document also outlines the process of biometric systems from data collection and transmission to decision making. It discusses some applications of biometrics like access control and benefits like increased reliability but also challenges like costs. In conclusion, it proposes using facial recognition in ATMs to provide more secure authentication while reducing fraudulent activities compared to traditional authentication methods.
The document summarizes a seminar report on Money-Pad, a proposed future wallet that holds digital cash and financial information rather than paper cash. Money-Pad uses biometric fingerprint recognition for secure transactions. It allows for instant clearing of funds and eliminates payment risks associated with credit cards. Transactions are also more secure through strong encryption. Money-Pad can be used for e-banking, e-payments, digital cash transfers and other online transactions. It provides a convenient and secure way to carry out daily financial tasks and online purchases.
The document describes Money Pad, an electronic cash handling system that uses fingerprint recognition to authenticate users. It works by capturing, extracting, comparing, and matching fingerprint data to determine if a user is authorized. Money Pad aims to improve security over credit cards and smart cards while allowing for instant clearing of funds and secure transactions. It could be used for online payments, digital cash transfer, and daily transactions once supporting infrastructure like e-banks are more widely available.
The document provides an introduction to the concept of digital/electronic cash and cashless transactions. It discusses how physical currency and paper-based transactions are being replaced by digital forms of payment using technologies like smart cards, digital cash, and instant fund transfers. It introduces the concept of a "Money Pad" which uses biometric fingerprint recognition to provide secure access to a user's digital cash and financial information. The Money Pad would store this digital cash and data, and could be automatically updated via a PDA or satellite connection. It emphasizes the importance of protecting individual privacy and rights as these electronic payment systems develop.
Presentation on security feature of atm (2)Siya Agarwal
The document discusses the security features of ATM systems. It describes how ATMs work by having customers authenticate using cards and PINs. ATM security relies on crypto-processors, database security, and network security. It provides security through mechanisms like time-outs for invalid PIN entries and recognizing stolen cards. Additional security features include identity verification, data confidentiality, accountability, and audit capabilities. The document emphasizes the importance of keeping ATM cards and PINs secure and reporting any loss or theft.
The document summarizes a seminar report on Money-Pad, a proposed future wallet that holds digital cash and financial information rather than paper cash. Money-Pad uses biometric fingerprint recognition for secure authentication of transactions. It allows for instant clearing of funds without transaction fees or credit limits. In the future, as internet access expands globally, financial transactions may be conducted via small fingerprint recognition devices without need for physical cards or pads.
ATM Security by using Fingerprint Recognition And GSMAlpesh Kurhade
This document discusses using biometric authentication in ATMs to address security issues. It outlines environmental and security concerns with conventional ATM systems that rely on PINs. It then describes how biometric authentication could use fingerprints, iris scans, or other biometrics to uniquely identify card holders instead of PINs. The document proposes a system that would collect biometric data, transmit it via GSM for authentication, and provide a more secure alternative to traditional ATMs.
The document discusses the security features of ATM systems. It covers how ATMs work by connecting to a host computer for transaction authorization. Card readers, PIN entry, and crypto-processors securely authenticate users. Additional security measures include transaction limits, invalidating stolen cards, and encrypting transmitted data. Databases and network security aim to protect confidential user information and ensure integrity of financial transactions processed through the ATM network.
The document is a seminar report on "Money Pad: The Future Wallet" presented by two students, Patel Jinkal P. and Patel Krushna C., to partially fulfill their degree at Gujarat Technological University. It discusses the future of digital currency and introduces Money Pad, a proposed electronic wallet that uses fingerprint recognition for secure transactions.
The document summarizes the history and development of smart cards from 1968 to 1999. Some key events include the first patent filings for microchip cards in 1968 and 1970, the original patent for an IC card in 1974, and the beginning of commercial smart card development in 1977. The document then defines smart cards and describes their various components and applications, including banking, identification, transportation, and telecommunications. The advantages of smart cards over magnetic stripe cards are also outlined, such as increased security, processing power, and storage capacity.
The document describes Money Pad, a proposed replacement for paper currency using biometrics. Money Pad would use fingerprint recognition technology to provide secure electronic transactions. It would store a user's bank account information, including their fingerprint, to enable debit transactions. A fingerprint reader would verify the user's identity against the stored fingerprint before approving transactions from the Money Pad e-wallet. The document outlines how Money Pad could work, its technical implementation using biometrics, and its potential applications for secure e-commerce payments.
This document proposes an ATM system that uses facial recognition instead of cards and PINs for verification. It would work by having a camera installed on the ATM that takes a photo of the customer's face and compares it to an image stored in the bank's database associated with the account. This would provide increased security by matching a live photo to the stored image without needing a card or PIN. The document outlines the components, techniques, process and potential benefits of such a biometric-based ATM system for more reliable authentication.
A smart card is a plastic card that contains an embedded microchip which can store and process data. The microchip allows smart cards to carry out encryption and authentication functions. Smart cards come in contact and contactless varieties. They offer benefits like security, intelligence, and convenience. Smart cards are used in applications like mobile phones, healthcare, and transportation to store user data, enable authentication, and process transactions securely. Their use is expected to grow significantly in the future as more services migrate to using smart card technology.
1. The document discusses adding biometric identification, specifically eye recognition, to ATMs to improve security over traditional passwords.
2. It describes how an ATM with eye recognition would work, prompting the user to insert their card then input their PIN before capturing an image of the user's eye to verify their identity.
3. Eye recognition offers advantages over other biometrics for ATM use as the iris and retina patterns are unique, stable over a person's lifetime, and can be imaged from a distance. However, challenges include obtaining a clear image of the small eye target.
Secure QR code payment is one of the Mobile payment solution of Mobile Money.
jrsys Patented Secure QR code contains not only the URL but also a digital signed data.
www.jrsys.com.tw
This document proposes enhancing ATM security through iris recognition. It begins with an introduction to ATMs and discusses limitations of current security methods like PINs and fingerprints. Iris recognition is presented as an alternative biometric for identification. The document outlines how iris recognition works, its advantages of being accurate, stable and difficult to forge. Potential disadvantages like cost and small iris target are noted. It concludes iris recognition could provide more reliable security for ATM use by allowing quick, permanent identification without PINs or cards.
This document discusses money pad, a proposed future wallet that would replace traditional wallets. Money pad would use biometric fingerprint recognition and operate through secure internet connections to banks. It would allow contactless transactions and access to digital cash without needing physical money, cards, or checks. Money pad offers advantages like convenience, security, and accessibility for online transactions and payments. However, current credit cards and smart cards have limitations like expense, renewal requirements, and transaction limits that money pad aims to address as technology advances into a more digital world.
This document discusses adding facial recognition technology to ATMs. It proposes combining a physical access card, PIN, and facial recognition for added security. The main challenges are keeping verification time negligible, allowing for variation in a customer's face, and enabling credit card use without banks having customer photos. Facial recognition could match a live image to one stored in a bank database associated with the account, neutralizing stolen card and PIN fraud. With appropriate lighting and software, variations could be accounted for, and additional images stored over time to decrease false negatives. This added security could reduce theft by bank employees and the impact of stolen cards and PINs.
An automated teller machine (ATM) allows customers of financial institutions to access services such as withdrawing cash, checking balances, transferring funds, and paying bills without a human bank teller. ATMs use magnetic cards containing unique numbers and security PINs to identify customers. The first ATM was introduced in 1967 in London, and since then ATMs have provided 24/7 access to banking worldwide with features like deposits, bill payments, and international support.
The document discusses e-wallets, which allow users to store payment and personal information for online transactions. E-wallets make online shopping more convenient by automatically filling in forms. They also aim to facilitate paperless money transfers. Some advantages are ease of use and mobility, while disadvantages include security risks like easy duplication and limited lifetime or acceptance of some e-wallets. Popular e-wallets include Google Wallet, Qpass, and Illium Software. Near Field Communication (NFC) technology allows contactless payments using devices like smartphones. Google Wallet allows in-store purchases using an Android app.
This document discusses biometric authentication using facial recognition technology in automated teller machines (ATMs). It provides an introduction to biometrics and how facial recognition works by measuring distinct facial features to create a unique numerical code or "faceprint". The document also outlines the process of biometric systems from data collection and transmission to decision making. It discusses some applications of biometrics like access control and benefits like increased reliability but also challenges like costs. In conclusion, it proposes using facial recognition in ATMs to provide more secure authentication while reducing fraudulent activities compared to traditional authentication methods.
The document summarizes a seminar report on Money-Pad, a proposed future wallet that holds digital cash and financial information rather than paper cash. Money-Pad uses biometric fingerprint recognition for secure transactions. It allows for instant clearing of funds and eliminates payment risks associated with credit cards. Transactions are also more secure through strong encryption. Money-Pad can be used for e-banking, e-payments, digital cash transfers and other online transactions. It provides a convenient and secure way to carry out daily financial tasks and online purchases.
If you're looking to develop a digital wallet app, this guide is for you. In this comprehensive guide, we'll take you through the entire process of developing a digital wallet app, from conceptualization to deployment.
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.
It is a technology of credit card security system though which we can use a secure credit card without a problem which problems are occurred in general credit cards...
The document provides an introduction to the concept of digital or electronic cash and money pads. It discusses how physical currency and paper-based financial systems will be replaced by digital alternatives in the 21st century. It then introduces a proposed electronic cash handling system called the Money Pad, which uses biometric fingerprint recognition for user authentication and security. The Money Pad is presented as a more secure alternative to existing payment methods like credit cards. The document is divided into chapters that define key terms related to digital currency, electronic wallets, and money pads. It also provides technical details about how money pads could work within banking networks as a new form of digital cash.
The document introduces Money Pad, a proposed digital wallet that uses biometric fingerprint recognition for security. It aims to provide a more secure and private way to conduct electronic cash transactions than existing options like credit cards and smart cards. Money Pad would store a user's digital cash and financial information, and could only be accessed after verifying their fingerprint. It is presented as a safer and more inclusive alternative that does not require a large deposit like credit cards, allowing even common people to benefit from the convenience of digital payments. Overall, Money Pad is framed as a solution to privacy and security concerns that may arise from the continued transition to paperless, digital currencies.
A digital wallet allows users to store payment and loyalty card information electronically rather than physically. It authenticates users and facilitates contactless payment using technologies like near field communication (NFC). Digital wallets provide advantages over physical wallets like convenience, flexibility, and safety. While systems issues, security concerns, and user experience challenges remain, major companies are developing digital wallet applications that can be used to pay at retail locations and transfer funds between individuals.
This document discusses electronic payment systems. It defines electronic payment as payments made through digital means rather than cash or checks. It outlines several modes of electronic payment including credit cards, debit cards, smart cards, electronic funds transfer, and e-checks. For each payment mode, it provides details on how the payment process works and examples. The document also lists advantages like convenience and security, and disadvantages such as password threats and risk of hacking.
The document discusses digital wallets, including what they are, their components and technology, payment models, challenges, and the future of digital wallets. A digital wallet allows secure electronic payments and storage of payment methods and identification. It discusses how digital wallets use near-field communication (NFC) technology and secure storage to facilitate electronic payments from mobile devices. The future of digital wallets may include integrated services like bill payment, coupons, shopping comparisons, and personal information management.
A slang phrase for credit cards, especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
source:net
The document defines key terms related to digital banking such as digitization, digitalization, and digital transformation. It explains that digital banking utilizes digital technologies like analytics, social media, payments, and mobile to enhance traditional online and mobile banking services. The main channels of digital banking are described as ATMs, mobile/internet banking, cards, cash machines, and more. The document provides details on the input/output components of ATMs, how ATM networks function to process transactions, and the basic steps for withdrawing money from an ATM.
The document discusses digital wallets, including their vision, components, technology like NFC, payment models, architecture, features, advantages, and disadvantages. It provides examples of how digital wallets are currently being used, mentioning Paytm, Google Wallet, PayPal, Isis, Venmo, and Dwolla. Digital wallets allow users to make electronic payments and store payment methods and other information to make transactions more convenient compared to physical wallets.
The document discusses electronic payment systems and their security. It describes various electronic payment methods like e-cash, smart cards, credit cards, and e-wallets. E-cash works like digital cash that is issued by banks and can be spent anonymously. Smart cards contain embedded chips that can process payments. Credit cards allow purchases with repayment later while e-wallets store payment details and act as digital wallets. Payment gateways provide secure transaction processing between customers, merchants and payment processors. Electronic payment systems enhance convenience and expand markets beyond geographical boundaries.
TellerPass is a SIM card applet that dynamically generates one-time passwords every 30 seconds to access bank accounts through ATMs, web banking, and phone banking. It runs autonomously on the SIM card without interacting with the banking server during use. This improves security over traditional hardware OTP generators by preventing man-in-the-middle attacks. TellerPass allows multiple applets from different banks to coexist securely on one SIM card.
The document describes Money Pad, a future wallet system that uses biometric fingerprint recognition for secure electronic transactions. Money Pad aims to provide instant clearing of funds, avoid insecure cash carrying and payment risks, and ensure strong security without needing to renew cards. It would be applicable for e-banking, e-commerce, and daily transactions. Money Pad transactions meet the key requirements of instant clearing, elimination of payment risk, and secure encryption. The system is predicted to be widely adopted in the future for electronic payments.
The document discusses India's transition to a cashless society through digital payments. It outlines various digital payment methods like UPI, mobile wallets, debit/credit cards, and Aadhaar Enabled Payment System (AEPS). It provides details on how these digital payment methods work, their benefits in reducing cash usage and transactions costs, and promoting financial inclusion. Statistics on growth of digital transactions in India over the past few years are also presented.
The document discusses electronic payment systems, their objectives, examples, types, and security services. It describes methods like e-cash, smart cards, and credit/debit cards. E-cash uses cryptographic algorithms to prevent double spending while preserving anonymity. Smart cards can process data and payments. Credit cards require repayment of spent amounts. Payment gateways protect credit card details and ensure secure transactions between customers, merchants and processors. The conclusion states that electronic payment systems have expanded markets and made payments more convenient.
This android application decodes any phone number and displays the relevant
details like :
Type: Landline or Mobile
Operator: Name of the operator
Circle Name: Name of the Mobile number's circle or area
Country Name: Name of the Country.
For Landline Numbers if the Country's name is India :
Name: Name of the State
City Name: Name of the City
To close or hide the information bubble (dialog box) anytime during the
incoming call, just press the screen.
This document appears to be a scanned receipt from a restaurant called "The Old Spaghetti Factory" dated March 15, 2022. It lists food and drink items purchased including pasta, salad, drinks and dessert totaling $63.92. It also includes a signature and tip amount written in for a grand total of $80.
This document appears to be a scanned receipt from a restaurant called "The Grill" dated January 15th, 2023. It lists several food items purchased including a cheeseburger, fries, and a soda. The total amount due is $12.45.
This document appears to be a scanned receipt from a restaurant called "The Grill" dated June 1st, 2022 for an order totaling $42.58. The receipt lists items purchased including a cheeseburger, fries, and a soda. It also includes the customer's name and the payment method of credit card.
Smitakshi Sen successfully completed a PHP-MySQL workshop organized by Kalinga Institute of Industrial Technology and invigilated by Subhasis Dash. The workshop used course material from IIT Bombay's Talk To A Teacher project and required passing an online exam conducted remotely by IIT Bombay.
Digital Twins Computer Networking Paper Presentation.pptxaryanpankaj78
A Digital Twin in computer networking is a virtual representation of a physical network, used to simulate, analyze, and optimize network performance and reliability. It leverages real-time data to enhance network management, predict issues, and improve decision-making processes.
Sri Guru Hargobind Ji - Bandi Chor Guru.pdfBalvir Singh
Sri Guru Hargobind Ji (19 June 1595 - 3 March 1644) is revered as the Sixth Nanak.
• On 25 May 1606 Guru Arjan nominated his son Sri Hargobind Ji as his successor. Shortly
afterwards, Guru Arjan was arrested, tortured and killed by order of the Mogul Emperor
Jahangir.
• Guru Hargobind's succession ceremony took place on 24 June 1606. He was barely
eleven years old when he became 6th Guru.
• As ordered by Guru Arjan Dev Ji, he put on two swords, one indicated his spiritual
authority (PIRI) and the other, his temporal authority (MIRI). He thus for the first time
initiated military tradition in the Sikh faith to resist religious persecution, protect
people’s freedom and independence to practice religion by choice. He transformed
Sikhs to be Saints and Soldier.
• He had a long tenure as Guru, lasting 37 years, 9 months and 3 days
Supermarket Management System Project Report.pdfKamal Acharya
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Determination of Equivalent Circuit parameters and performance characteristic...pvpriya2
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We have designed & manufacture the Lubi Valves LBF series type of Butterfly Valves for General Utility Water applications as well as for HVAC applications.
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1. PRESENTED BY :
NAME : Smitakshi Sen
ROLL NO. : 1206232
BRANCH : I.T (B8)
SEMESTER : 1st (2012-13)
2. INTRODUCTION
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.
4.
5. DISADVANTAGES OF THE
PRESENT SYSTEM
CREDIT CARDS :
Instant clearing of funds 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.
SMART CARDS :
Insecure transactions using fixed encryption.
Risk of data loss due to chip failure.
6. NEW APPROACH
To overcome the drawbacks of credit cards and smart cards here we
present a medium of exchange to carry digital cash wherever man
wants,which we name as “Money Pad”.
Money Pad is one such medium of exchange which aims to provide
secure means of currency exchange.It’s a means that carries digital
cash,as paper cash is going to extinct. “ In order to use this money pad
it is necessary to have atleast one e-bank in every city.”
Money Pad is a biometric system similar to a credit card or a smart card
just like a floppy disk.It consists of a touch sensor and magnetic disk as
it peripherals.
Touch sensor is used to record the fingerprint of the user.Magnetic disk,
which has the read and write permission is used to hold the
authentication details of the user,bank code as well as digi-cash.The
bank code and account number of the owner of this money pad is
present on the label.
7. DESIGN
Process in request of Money Pad
New user
Request for
Money Pad
Create a
new account
Money Pad
is issued
Database
Server
Enter an e-book.
Creates the details of the new user and
his finger print record.
8. TRANSACTION USING MONEY
PAD
Place your finger on the touch
sensor and then on the finger print
reader.
Enter bank code and account
number to enter into e-bank
services.
If a finger print match occurs the
reader knows that he is a authorized
user and allows for further
transactions.
If not then the reader comes to
know that the user is unauthorized
and a provision can be made so that
the digi-cash present in the Money
Pad is e-mailed back to the
authorized account holder using the
user details in the Money Pad.
Money Pad
Finger print
reader
Database Server
E-book
Cannot access
cash is emailed to
owner’s account
General info of
users Info. collected is
passed to the
server for
verification
Authorized Unauthorized
9. ADVANTAGES
Highly secure (deactivates on illegal use).
No need to carry any physical wallet or cards.
Can be used in remote area by using WPAN.
DISADVANTAGES
Extra sensor is required.
No chances of accessing account in emergency case also.
Expensive.
It uses finger print detection for security purpose.So if a
person’s finger gets accidentally cut or injured,the
detection technique will fail to match the patterns.
10. APPLICATIONS
Applicable in e-banks and in any kind of e-transactions.
To perform remote transaction like e-payments, digi-cash
transfer etc.
The Money Pad provides a secure means to carry Digital
cash.
It is applicable to any kinds of e-commerce transactions.
The personal data stored in the money pad can be used to
fill order forms thus saving user’s time.
It is useful in shopping,identification,telephone services
and licenses. It is applicable in daily life.
11. CONCLUSION
For a digital currency system to attain widespread
recognition the following three requirements are
necessary:
Instant clearing of funds.
Elimination of payment risk.
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.
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 organize the finger print can be attached
at any place throughout the world.