Narayani college for professional studies

Presentation on- Money pad the future wallet

Presented by- Sabin TripathiFaculty-bsc.it, 2nd semester

contents:

• Introduction• Why is it called future wallet?• Transaction using money pad• Is it secure?• Money pad Advantages• Credit card or smart card disadvantage

over money pad• conclusion• References

Introduction

• The 21st century will be paperless paper currency and checks are gradually being substituded by smartcards, digital cash and instant transfers of funds.

• The wallet of future will hold less paper cash, coins and debit or credit cards with the help of device like PDA with a satelite communication link.

Introduction…

• Money pad is a futuristic wallet that operates like a credit card or smart card, automatically verifying the users identity before issuing the cash.

Why is called future wallet?

• This wallet will eventually replace the wallet which we use today in future.

• people wont carry coins cheque or money in their bags instead they will use this in future.

• All our task are now related to internet like e-communication ,e-banking ,e-library ,e-class so our wallet also will be replaced with e-wallet in future.

Transaction using money pad• If a user wants to use a money pad then he

has to place his finger on the touch screen

and then place it in a finger print reader.

• Then reader will ask for the security code if it matches he can enter inside e-bank.

Transaction using money pad

• For any transaction it ask for the service from the main database where the user information is located.

• It requires a secure internet access for connection.

• It is just like a client server interaction.

• For the success of any transaction the users details and finger print should match.

IS it secure?

• Yes, money pad is secure way of transaction as it uses biometrics technology or finger print recognization.

• Biometric technology are used to accurately identify and verify an individuals identity.

• Eliminate problems caused by lost IDs or forgotten passwords by using physiological attributes. For e.g. Prevent unauthorised use of lost, stolen or "borrowed" ID cards.

• Being an e-cash if it is lost the next person cant get any kind of advantages from it .

Money pad Advantages

• Applicable in e-banks and in any kind of transaction.

• 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 transaction.

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

• It is secure and reliable.

• It is applicable in any kind of ecommerce transaction

Advantages…

• It is useful in shopping ,telephone or electricity payment.it is very useful in daily life.

• No need to worry for the transaction of money like where is atm machine or not.

• Taking the money ourself is always risk task so for this solution.

• Saving of time.

Credit cards or smart card Disadvantages over money pad

• Cant access whenever we want.

• User is always on pressure of limit amount of transaction.

• The card has to be renewed once expired.

• Every transaction may require certain charges.

• Replace hard-to-remember passwords.

conclusions

• In future when internet is going to capture the world there is no requirement of any cards.

• Just a small device which can recognize the finger print can be attached at any place throughtout the world.

References

www.askguru.com

www.projects.com

Any questions???

Thank-you