Technical Seminar Technical Seminar onon

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Palukuri AshokPalukuri Ashok11G21A058211G21A0582

contents:contents:

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

over money padover money pad• conclusionconclusion• ReferencesReferences

IntroductionIntroduction

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

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

Introduction…Introduction…

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

Why is called future wallet?Why is called future wallet?

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

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

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

Process of Issuing money pad:Process of Issuing money pad:

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

has to place his finger on the touch screen has to place his finger on the touch screen and then place it in a finger print readerand then place it in a finger print reader..

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

Transaction using money padTransaction using money pad

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

• It requires a secure internet access for It requires a secure internet access for connection.connection.

• It is just like a client server interaction.It is just like a client server interaction.• For the success of any transaction the users For the success of any transaction the users

details and finger print should match.details and finger print should match.

IS it secure?IS it secure?

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

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

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

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

Money pad AdvantagesMoney pad Advantages

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

• The money pad device is capable of carrying The money pad device is capable of carrying digi-cash and it is useful to perform any kind digi-cash and it is useful to perform any kind of e-banking or any kind of transaction.of e-banking or any kind of transaction.

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

• It is secure and reliable.It is secure and reliable.• It is applicable in any kind of ecommerce It is applicable in any kind of ecommerce

transactiontransaction

Advantages…Advantages…

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

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

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

• Saving of time.Saving of time.

Credit cards or smart card Credit cards or smart card Disadvantages over money padDisadvantages over money pad

• Cant access whenever we want.Cant access whenever we want.• User is always on pressure of limit amount User is always on pressure of limit amount

of transaction.of transaction.• The card has to be renewed once expired.The card has to be renewed once expired.• Every transaction may require certain Every transaction may require certain

charges.charges.• Replace hard-to-remember passwordsReplace hard-to-remember passwords ..

conclusionconclusion

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

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

ReferencesReferences

• http://www.seminarsonly.com/computer%20science/Money%20Pad,http://www.seminarsonly.com/computer%20science/Money%20Pad,%20The%20Future%20Wallet.php%20The%20Future%20Wallet.php

• http://seminarprojecttopics.blogspot.in/2012/08/money-pad-future-wallet.html

• http://www.collegelib.com/t-money-pad-future-wallet-seminar-topic-http://www.collegelib.com/t-money-pad-future-wallet-seminar-topic-abstract-report.htmlabstract-report.html

• http://www.engpaper.com/money-pad-the-future-wallet.htmhttp://www.engpaper.com/money-pad-the-future-wallet.htm

Any questions???Any questions???

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Thank-youThank-you