MONEY PAD

The Future Wallet

JEEVAGAN.V.NDEPARTMENT OF COMPUTER SCIENCE & APPLICATIONS11MCA007FOR DATA MINING SEMINAR COMPONENT

Submitted to:Mrs. Sakthi Priya,MIS

OVERVIEW Introduction Disadvantages Why Money Pad?? How to use it?? Technical Implementations Fields of Applications Conclusion

JEEVAGAN NAGARAJAN 2

Introduction.. 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” The money pad is used by the user by giving his finger print impression on the

scanner and it records the thumb impressions.


..Disadvantages..


Credit Card System.. “Pocket Money” or “Pocket Card” Instant clearing of funds in not possible Pressure Renewal Fixed Encryption Fraud ‘Little Drops Makes an Ocean’


Smart Card System.. Easily Lost Security Slow Adoption Possible Risk of Identity Theft


Where can u get?? Visit a nearby bank with e-banking facility Create an account with some balance(?!) Give necessary details along with fingerprints User is given bank code & account number along with money pad


How To Use It?? Place your finger on the touch sensor & then on the finger print reader Enter bank code & account number to enter into e-bank services If a finger print match occurs the reader

knows that he is a authorised user and allows for further transactions What if the user is unauthorised??

Then the reader comes to know that the user is unauthorised and a provision can be made so that the digicash present in the Money Pad is e-mailed back to the authorised accountholder using the user details present in the Money Pad


Transaction using Money Pad..


Finger print reader

Money pad

Database server

E-book

Cannot access cash is emailed to owner’s account

General info. Of users

Info.collected in passed to the server for

verification

Authorised

Technical Implementation.. It uses Biometric Technology, where the security is provided 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.


Fields of Applications..

Applicable in e-banks and in any kind of e-transactions. The money pad device is capable of carrying digi-cash and it is

useful to perform any kind of e-banking or any kind of e-transaction.

To perform remote transaction like e-payments, digi-cash transfer etc., Useful to carry Digital cash.

The Money pad provides a secure means to carry digi-cash. It is applicable to any kinds of ecommerce transactions.


Conclusion.. Instant clearing of funds Elimination of payment risk Secure transactions using strong encryption

In future when internet is going to capture the world there is no requirement of any card or pad just a small device which can recognize the finger print can be attached at any place throughout the world


Thanks 2 one & all…
