Best VIP Call Girls Morni Hills Just Click Me 6367492432
Moneypad- The future wallet
1. Government Polytechnic Pune
(An Autonomous Institute of Government of Maharashtra)
8149163269
MONEY PAD BY SHUBHAM
KOLAPKAR
2. Contents
Introduction
Present System
Architecture
Technical Details
Transaction using Money Pad
Applications
Advantages & Disadvantages
Conclusion
MONEY PAD BY SHUBHAM KOLAPKAR
3. 1.Introduction
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.
MONEY PAD BY SHUBHAM KOLAPKAR
4. 2.Present System
Credit Cards
Smart Cards
MONEY PAD BY SHUBHAM KOLAPKAR
5. • Disadvantages of Credit card & Smart Card
Risk of data loss due to chip failure.
Insecure transaction using fixed encryption.
Limitations on the purchase by the issuer of card.
Transaction involves certain charges.
Card has to be renewed once it is expired.
MONEY PAD BY SHUBHAM KOLAPKAR
8. 4.Technical Details
Money pad uses the Biometric Technology for recognizing
finger print of the user.
Biometric technology is defined as automated methods of
identifying or authenticating the identity of a living person
based on unique physiological or behavioural characteristics.
MONEY PAD BY SHUBHAM KOLAPKAR
9. Biometric identifiers are categorized as:-
Physiological Characteristics
Behavioral Characteristics
MONEY PAD BY SHUBHAM KOLAPKAR
10. • How It Works
1. Capture
2. Extraction
3. Comparison
4. Matching
MONEY PAD BY SHUBHAM KOLAPKAR
13. • In Case of Accident
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.
MONEY PAD BY SHUBHAM KOLAPKAR
14. 6.Applications
Applicable in e-banks.
Applicable in any kind of online transaction.
Useful to carry Digital cash.
Useful for digital cash transfer.
Applicable in daily life.
MONEY PAD BY SHUBHAM KOLAPKAR
15. 7.Advantages
Highly secure
No need to carry physical wallet
Replace passwords
Instant clearings of funds
MONEY PAD BY SHUBHAM KOLAPKAR
16. • Disadvantages
There should at least one e-bank in city
Unable to use for hard workers & old age person
MONEY PAD BY SHUBHAM KOLAPKAR
17. 8.Conclusion
The following three requirements are necessary
i. Instant clearing of funds
ii. Elimination of payment risk
iii. 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.
MONEY PAD BY SHUBHAM KOLAPKAR