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Narayani college for professional studies

Presentation on- Money pad the
future wallet
Presented by- Sabin Tripathi
Faculty-bsc.it, 2nd semester
contents:
•
•
•
•
•
•

Introduction
Why is it called future wallet?
Transaction using money pad
Is it secure?
Money pad Advantages
Credit card or smart card disadvantage
over money pad
• conclusion
• References
Introduction
• The 21st century will be paperless paper

•

currency and checks are gradually being
substituded by smartcards, digital cash and
instant transfers of funds.
The wallet of future will hold less paper cash,
coins and debit or credit cards with the help
of device like PDA with a satelite
communication link.
Introduction…
• Money pad is a futuristic wallet that operates

like a credit card or smart card, automatically
verifying the users identity before issuing the
cash.
Why is called future wallet?
• This wallet will eventually replace the wallet
•
•

which we use today in future.
people wont carry coins cheque or money in
their bags instead they will use this in future.
All our task are now related to internet like ecommunication ,e-banking ,e-library ,e-class
so our wallet also will be replaced with ewallet in future.
Transaction using money pad

• If a user wants to use a money pad then he
•

has to place his finger on the touch screen
and then place it in a finger print reader.
Then reader will ask for the security code if it
matches he can enter inside e-bank.
Transaction using money pad
• For any transaction it ask for the service from
•
•
•

the main database where the user
information is located.
It requires a secure internet access for
connection.
It is just like a client server interaction.
For the success of any transaction the users
details and finger print should match.
IS it secure?
• Yes, money pad is secure way of transaction
•
•

•

as it uses biometrics technology or finger
print recognization.
Biometric technology are used to accurately
identify and verify an individuals identity.
Eliminate problems caused by lost IDs or
forgotten passwords by using physiological
attributes. For e.g. Prevent unauthorised use
of lost, stolen or "borrowed" ID cards.
Being an e-cash if it is lost the next person
cant get any kind of advantages from it .
Money pad Advantages
• Applicable in e-banks and in any kind of
•
•
•
•

transaction.
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 transaction.
To perform remote transaction like epayments, digi-cash transfer etc..useful to
carry digi cash
It is secure and reliable.
It is applicable in any kind of ecommerce
transaction
Advantages…
• It is useful in shopping ,telephone or
•
•
•

electricity payment.it is very useful in daily
life.
No need to worry for the transaction of
money like where is atm machine or not.
Taking the money ourself is always risk task
so for this solution.
Saving of time.
Credit cards or smart card
Disadvantages over money pad
• Cant access whenever we want.
• User is always on pressure of limit amount of
•
•
•

transaction.
The card has to be renewed once expired.
Every transaction may require certain
charges.
Replace hard-to-remember passwords.
conclusions
• In future when internet is going to capture the
•

world there is no requirement of any cards.
Just a small device which can recognize the
finger print can be attached at any place
throughtout the world.
References
www.askguru.com
www.projects.com
Any questions???
Thank-you

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money pad the future wallet

  • 1. Narayani college for professional studies Presentation on- Money pad the future wallet Presented by- Sabin Tripathi Faculty-bsc.it, 2nd semester
  • 2. contents: • • • • • • Introduction Why is it called future wallet? Transaction using money pad Is it secure? Money pad Advantages Credit card or smart card disadvantage over money pad • conclusion • References
  • 3. Introduction • The 21st century will be paperless paper • currency and checks are gradually being substituded by smartcards, digital cash and instant transfers of funds. The wallet of future will hold less paper cash, coins and debit or credit cards with the help of device like PDA with a satelite communication link.
  • 4. Introduction… • Money pad is a futuristic wallet that operates like a credit card or smart card, automatically verifying the users identity before issuing the cash.
  • 5. Why is called future wallet? • This wallet will eventually replace the wallet • • which we use today in future. people wont carry coins cheque or money in their bags instead they will use this in future. All our task are now related to internet like ecommunication ,e-banking ,e-library ,e-class so our wallet also will be replaced with ewallet in future.
  • 6. Transaction using money pad • If a user wants to use a money pad then he • has to place his finger on the touch screen and then place it in a finger print reader. Then reader will ask for the security code if it matches he can enter inside e-bank.
  • 7. Transaction using money pad • For any transaction it ask for the service from • • • the main database where the user information is located. It requires a secure internet access for connection. It is just like a client server interaction. For the success of any transaction the users details and finger print should match.
  • 8. IS it secure? • Yes, money pad is secure way of transaction • • • as it uses biometrics technology or finger print recognization. Biometric technology are used to accurately identify and verify an individuals identity. Eliminate problems caused by lost IDs or forgotten passwords by using physiological attributes. For e.g. Prevent unauthorised use of lost, stolen or "borrowed" ID cards. Being an e-cash if it is lost the next person cant get any kind of advantages from it .
  • 9. Money pad Advantages • Applicable in e-banks and in any kind of • • • • transaction. 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 transaction. To perform remote transaction like epayments, digi-cash transfer etc..useful to carry digi cash It is secure and reliable. It is applicable in any kind of ecommerce transaction
  • 10. Advantages… • It is useful in shopping ,telephone or • • • electricity payment.it is very useful in daily life. No need to worry for the transaction of money like where is atm machine or not. Taking the money ourself is always risk task so for this solution. Saving of time.
  • 11. Credit cards or smart card Disadvantages over money pad • Cant access whenever we want. • User is always on pressure of limit amount of • • • transaction. The card has to be renewed once expired. Every transaction may require certain charges. Replace hard-to-remember passwords.
  • 12. conclusions • In future when internet is going to capture the • world there is no requirement of any cards. Just a small device which can recognize the finger print can be attached at any place throughtout the world.