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.

1. MONEY PAD-THE FUTURE WALLETMONEY PAD-THE FUTURE WALLET

2. Table Of Contents
Abstract
Key words
Introduction
Technical Details
How To Use
Why To Use
Application
Conclusion

3. ABSTRACT
Replaced paper currencies, electronically.
Initiated debits and credits will become the dominant
payment modes, creating the potential for private money to
compete with government-issued currencies.
 Just as every thing is getting under the shadow of “e”
today we have paper currency being replaced by electronic
money or e-cash.

4. Continue…
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”

5. KEY WORDS
1. MONEY PAD - A form of credit card or smart card similar to floppy disk, which is
introduced to provide, secure e-cash transactions.
2. DIGITAL MONEY OR e-CASH - they refer to any of the various methods that
allow a person to purchase goods or services by transmitting a number from one
Computer to another.
3. BIOMETRICS TECHNOLOGY - Technology used to accurately identify and
verify an individual’s identity.
4. FINGER PRINT READER – A machine with read/write head capable of reading
the information stored in the Money Pad.

6. INTRODUCTION
 The wallet of the future will hold
 less paper cash
 coins
 magnetic stripe cards.
It will hold Money Pad containing digital cash and other financial
information, updated — perhaps automatically — by a PDA with a satellite
communication link.

7. Biometrics Technology has made individual privacy
even more secure.
Money Pad recognises Finger Print’s of the user and
decides weather the user is a authorized or not.

8. Basic Of The Present System

9. Present Systems:-
Credit cards
Smart Cards

10. 1.Credit Card
They are payment devices that allows the consumer to make purchases within
guarantied limits as defined by the issuer of card.
Disadvantages-
1. Instant clearing of funds is not possible .
2.User is always under the pressure of limits on purchase
defined by the issuer of the card and also every transaction
involves certain Charges.
3.Insecure transactions using fixed encryption.
4.The card has to be renewed once it is expired.

11. 2. Smart Card
Holds upto 8000 bytes of information
Disadvantages:
1. Insecure transactions using fixed encryption.
2. Risk of data loss due to chip failure.

12. 3. New Approach
To over come the above drawbacks of credit cards and smart cards
a medium of exchange to carry digital cash wherever man wants, which was
named as “Money Pad”.

13. Operations of money pad:-
Design of the system:-

14. Transaction 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.
Finger print
reader
Money pad
Database server
E-book
Cannot access cash is emailed to owner’s
account
General info. Of users
Info.collected in passed to
the server for verification
Authorised
Unauthorised

15. Technical 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.
 False Rejection Rate – where a legitimate match is denied access.

16. How To Use Money Pad?
New User :
1. Visit a nearby bank with e-banking facility.
2. Create an account with some balance.
3. Give necessary details along with finger prints.
4. User is given bank code & account number along with money
pad
NOTE: The Money Pad consists of stored
information like account number, bank code (from where he
has purchased this money pad)
and his fingerprint.

17. WHY USE MONEY PAD?
Instant cleaning of funds.
Avoids insecure ways of carrying money.
Provides strong security.
Can be used by a common man.

18. FIELDS OF APPLICATIONS
Applicable in e-banks and in any kind of e-transaction.
Useful to carry Digital cash.
 Utilization of personal data in filling order forms.
 Applicable in m-commerce transactions.

19. 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.