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G.Anvesh Reddy 10M31A0428

Table Of Contents
Key words Introduction Technical Details How To Use Why To Use Application Conclusion

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.

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


MONEY PAD - A form of credit card or smart card similar to floppy disk, which is introduced to provide, secure e-cash transactions.


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.


BIOMETRICS TECHNOLOGY - Technology used to accurately identify and verify an individuals identity. FINGER PRINT READER A machine with read/write head capable of reading the information stored in the Money Pad.


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.

Biometrics Technology has made individual privacy

even more secure.

Money Pad recognises Finger Prints of the user and

decides weather the user is a authorized or not.

Basic Of The Present System

Present Systems:Credit cards

Smart Cards

1.Credit Card
They are payment devices that allows the consumer to make purchases within guarantied limits as defined by the issuer of card.

Disadvantages1. 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.

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.

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.

Operations of money pad: Design of the system:-

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. General info. Of users
Finger print reader Database server
Info.collected in passed to the server for verification


Money pad



Cannot access cash is emailed to owners account

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.

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.


Instant cleaning of funds. Avoids insecure ways of carrying money. Provides strong security. Can be used by a common man.

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.

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.