A SEMINAR ON

MONEY PAD- THE FUTURE WALLET

By
K.RAVALI(11C31A0462)

DEPARTMENT OF ELECTRONICS AND COMMUNICATION ENGINEERING

BALAJI INSTITUTE OF TECHNOLOGY & SCIENCE
LAKNEPALLY,NARSAMPET.
MONEY PAD- THE FUTURE
WALLET
 TABLE OF CONTENTS
 Abstract
 Key words

 Introduction

 Technical Details

 How To Use Money Pad?

 Why Use Money Pad?

 Fields Of Application

 Conclusion
 ABSTARCT
 Just as fiat money replaced specie-backed 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”
 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.

5. FLOAT – The transaction in terms of digi-cash, which takes zero-

sumgain, is called float

 
 INTRODUCTION
  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.
 There is nothing inherent in the technology that makes it less
protective of privacy and individual rights. Advancement’s
likeBiometrics Technology has made individual privacy even
more secure.
 The e-cash handling system is a device that facilitates secure
currency transactions. We call it as Money Pad which
recognises Finger Print’s of the user and decides weather the
user is a authorised person or not.
  Every time the user wants to access the Money Pad he has to
make an impression of his finger, which will
be sensed and matched with the one in the hard disk.
1.CREDIT CARD
Disadvantages-
1.  Instant clearing of funds is not possible .

2. Insecure transactions using fixed encryption.

3. The card has to be renewed once it is expired.

2. SMART CARD
Disadvantages:
1. Insecure transactions using fixed encryption.

2.  Risk of data loss due to chip failure.

 OPERATIONS OF MONEY
PAD

Process in request of money pad.

New user

Enter an e-book

Request for
money pad
Creates the details of the
new user and his finger
Create for new print record
account

Database server
Money pad is issued
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
Info.collected in passed
reader to the server for
verification
Database server

Unauthorised

Money pad
Cannot access cash is emailed to owner’s
E-book account
Authorised
3. NEW APPROACH
 

To over come the above 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”.
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
 Transaction Using Money Pad :
1. Place your finger on the touch sensor & then on the finger
print reader.
2. Enter bank code & account number to enter into e-bank
services.
3. If a finger print match occurs the reader
knows that he is a authorised user and allows for further
transactions.
 WHY USE MONEY PAD….?
 Instant cleaning of funds.
 Avoids insecure ways of carrying money.

 Provides strong security.

 Can be used by a common man.

 Avoids nuisance of renewing.

 FIELDS OF APPLICATIONS
 Applicable in e-banks  and in any kind of e-
transaction.
  Can be used to carry out remote transactions.

 Useful to carry Digital cash.

  Utilization of personal data in filling order

forms.
  Applicable in m-commerce transactions.
APPLICABLE IN DAILY LIFE:
 It is useful in shopping, identification, telephone
services and licenses . It is applicable in daily life.
 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

Thus requiring no device to carry money, just a man is

required to access digi-cash and proving “Man As
Money”. At last since Thumb Impression is going to
provide a strong base for security in the future we can
predict that “History Repeats”
 THANK YOU