1. A seminar report on Money-PadBy Leelakh Sachdev 2. MONEY PAD The Future Wallet 3.

INTRODUCTIONThe 21 st century will be paperless paper currency and checks are gradually being substituted by smartcards, digital cash and instant transfers o f funds.The wallet of the future will hold less paper cash, coins and magnetic s tripe cards. It will hold instead Money pad containing Digital cash and other fi nancial information, updated perhaps Automatically by a PDA With a satellite com munication link. 4. Credit cards disadvantages Instant clearing of funds is not possible . User is always under the pressure of limits on purchase defined by the issuer of the car d and also every transaction involves certain Charges. Insecure transactions usin g fixed encryption. The card has to be renewed once it is expired. 5. Smart cardsdisadvantages Insecure transactions using fixedencryption. Risk of d ata loss due to chip failure. 6. Operations of money pad Process in request of money pad. New user Enter an ebook Request for money pad Creates the details of the new user and his finger Cr eate for print recordnew accountMoney pad is Database server issued 7. 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 r eader will ask for bank code of the database. Then he can enter into his e-bank, After the reader will accessGeneral info.finger print. the Of users Info.collec ted in passed to Finger print the server for verification reader Database server Unauthorised Money pad Cannot access cash is emailed to E- owner s account Author ised book 8. Technical implementation of money padThe money pad uses the Biometric Technol ogy as the technique with which the security is provided. Biometric Technology a re used to accurately identify and verify an individuals identity.The accuracy o f 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. 9. Applications of money pad Applicable in e-banks and in any kind of e-transacti ons. The money pad device is capable of carrying digi-cash and it is useful to pe rform any kind of e-banking or any kind of e-transaction. To perform remote trans action like e-payments, digi-cash transfer etc.,Useful to carry Digital cash.. Th e Money pad provides a secure means to carry digi-cash. It is applicable to any k inds of ecommerce transactions. 10. Applicable in daily life. It is useful in shopping, identification, telephone services and licenses . It is applicable in daily life. 11. Conclusions The following three requirements are necessary;1. Instant clearin g of funds2. Elimination of payment risk3. Secure transactions using strong encr yption In future when internet is going to capture the world there is no requirem ent of any card or pad just a small device which can recognize the finger print can be attached at any place throughout the world. 12. Thank you Any Queries