1. A seminar report on money-pad Maharana pratap college of technologyS u b m it t e d S u b m it t e d to : b y: L e c t. L e e la k h Ma dhu S a c hd e va S h a rma 0903c s091 2.

MONEY PAD The Future Wallet 3. INTRODUCTIONThe 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 st ripe cards. It will hold instead Money pad containing Digital cash and other fin ancial information, updated perhaps Automatically by a PDA With a satellite comm unication link. 4. C r e d it c a r d s d is a d v a n t a g e s Instant clearing of funds is not possible . User is always under the pressure of limits on purchase defined by th e issuer of the card and also every transaction involves certain Charges. Insecur e transactions using fixed encryption. The card has to be renewed once it is expi red. 5. S ma rt c a rdsd is a d v a n t a g e s Insecure transactions using fixedencr yption. Risk of data loss due to chip failure. 6. O p e r a t io n s o f m o n e y p a d Process in request of money pad. New u ser Enter an e-book Request for money pad Creates the details of the new user an d his fingerCreate for new print record accountMoney pad is Database server issu ed 7. Tr a n s a c t i o n u s i n g m o n e y 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 pr int 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.G e n e r a l i n f o . O f us e rs In f o . c o lle c t e d in Finger print p a s s e d to the reader s e r ve r fo r v e r if ic a t io n Database server U n a u t h o r is e d Money pad Cannot access cash is emailed to owners E-book account A u t h o r i s ed 8. Te c h n i c a l i m p l e m e n t a t i o n of mone y pa dThe 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 i dentity.The accuracy of any biometric system is measured in two ways : False Acce ptable Rate where an imposter is accepted as a match. False Rejection Rate where a legitimate match is denied access.