money pad

1. VAAGESWARI COLLEGE OF ENGINEERING
Seminar Presentation on
MONEY PAD-THE FUTURE WALLET
Presented by
R.ROSHINI

2.  Introduction
 Present System
 Architecture
 Technical Details
 Transaction using Money Pad
 Need of Money Pad
 Applications
 Advantages & Disadvantages
 Conclusion

3.  Money Pad is a e-cash handling system that recognises Finger
Print’s of the user and decides weather the user is a authorised
person or not.

4.  Credit Cards
 Debit Cards

5.  Instant clearing of funds is not possible.
 Limitations on the purchase by the issuer of card.
 Transaction involves certain charges.
 Card has to be renewed once it is expired.

7.  Money pad uses the Biometric Technology for money
transactions.
 Biometric technology is defined as automated methods of
identifying or authenticating the identity of a living person
based on unique physiological or behavioural characteristics.

8. 1. Capture
2. Extraction
3. Comparison
4. Matching

10.  For Instant clearing of funds
 To Avoids the insecure way of carrying money
 To Provides strong security
 To Avoids the nuisance of renewing

11.  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 m-commerce transaction.
 Applicable in daily life.

12.  If any problem arrives the transmission means forward it to
the Money Pad Management unit.
 Then money pad management unit supplies temporary data.
 The temporary data writes this to a memory of one of the
temporary Money Pad devices stored in the medium storage
means.

13.  Highly secure
 No need to carry physical wallet or cards.
 Eliminates problem
 Replace passwords
 Instant clearings of funds

14.  Extra sensor is required
 There should at least one e-bank in city

15. The following three requirements are necessary
o Instant clearing of funds
o Elimination of payment risk
o Secure transactions using strong encryption
Since the Money Pad aims to satisfy the above conditions, there is
no doubt that in future it will be widely recommended for use.

16. Computers Today Magazine- October 2001 issue.
PC Quest Magazine– October 2001 issue.
Websites:
www.goldmoney.comfuturemoney.html
www.scribd.commoneypad.html