MONEY PAD

SEMINAR PRESENTED
by

PRAJOTH P PAI (4VM08IS027)

Under the guidance of Mr. Khalid Nazim S A Hod and lecturer Dept. of IS&E VVIET MYSORE-10

INTRODUCTION

As we all live in 21st Century , we are used to make currency which are paperless. Paper currency and cheques are gradually being replaced by smart cards, credit cards, digital cash and etc The wallet of future will hold less paper cash, coins and magnetic stripe cards. Instead they will have MONEY PAD which has digital cash and other information.

One will be happy only if he has the security of his money on his own hands. Having this concept in mind , Money pad is designed. Money pad uses bio-metric technology like in credit card and smart card. Money pad uses finger-print recognition of the user and decides whether the user is and authorized person or not.

WHAT IS DIGI-CASH OR DIGITAL CASH??

These terms are also used interchangeably, and 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. The numbers are issued by a bank and represent sums of real money. Digital cash is anonymous and reusable.

What is BIO-METRICS ??

Bio-metric technology is defined as automated methods of identifying or authenticating the identity of a living person based on unique physiological or behavioral characteristics.
They provide very secure and convenient authentication as they cannot be stolen or forgotten and very very difficult to forge. Fingerprint ,iris pattern and etc

LITERATURE SURVEY
Present system

Credit cards Smart cards Electronic purses and debit cards Electronic cheques

NEW APPROACH : MONEY PAD

Money pad is a futuristic wallet that operates jus like a credit card or a smart card.

Money pad aims to provide secure means of currency exchange. In order to use this money pad it is necessary to have at least one e-bank in every city.

METHODS & APPROACHES

Operations and transactions

New User requesting for MONEY PAD

Checking of AUTHENTICATION

ADVANTAGES

Instant clearing of funds

Avoids the insecure way of carrying money Provides strong security

Avoids nuisance of renewing

DISADVANTAGES

Immense pressure

Insecure transaction
Card expiration

APPLICATIONS

APPLICABLE IN E-BANKS AND IN ANY KIND OF E TRANSACTIONS.

USEFUL TO CARRY DIGITAL CASH. UTILIZATION OF PERSONAL DATA IN FILLING ORDER FORMS. APPLICABLE IN DAILY LIFE

CONCLUSION & FUTURE SCOPE

Since money pad satisfies Instant clearing of funds Elimination of payment risk secure transactions There is no doubt that in near future it will be widely recommended for use

BIBLIOGRAPHY
www.goldmoney.com/futuremoney.html www.nightcats.com/sales/free.html www.jurpc.de/aufsatz/20010016.html www.go.com www.google.com www.seminarsonly.com