Government Polytechnic Pune(An Autonomous Institute of Government of Maharashtra)

Presenting

MONEY PADPresented By

Shubham Kolapkar

8149163269MONEY PAD BY SHUBHAM

KOLAPKAR

MONEY PAD BY SHUBHAM KOLAPKAR

Contents Introduction Present System Architecture Technical Details Transaction using Money Pad Applications Advantages & Disadvantages Conclusion

MONEY PAD BY SHUBHAM KOLAPKAR

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

2.Present System

Credit Cards

Smart Cards

MONEY PAD BY SHUBHAM KOLAPKAR

• 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

3.Architecture

MONEY PAD BY SHUBHAM KOLAPKAR

• Structure of Money Pad

MONEY PAD BY SHUBHAM KOLAPKAR

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

Biometric identifiers are categorized as:-

Physiological Characteristics

Behavioral Characteristics

MONEY PAD BY SHUBHAM KOLAPKAR

• How It Works

1. Capture

2. Extraction

3. Comparison

4. Matching

MONEY PAD BY SHUBHAM KOLAPKAR

Money Pad Reader

MONEY PAD BY SHUBHAM KOLAPKAR

5.Transaction Using Money Pad

MONEY PAD BY SHUBHAM KOLAPKAR

• 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

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

7.Advantages Highly secure

No need to carry physical wallet

Replace passwords

Instant clearings of funds

MONEY PAD BY SHUBHAM KOLAPKAR

• Disadvantages

There should at least one e-bank in city

Unable to use for hard workers & old age person

MONEY PAD BY SHUBHAM KOLAPKAR

8.Conclusion The following three requirements are necessary i. Instant clearing of fundsii. Elimination of payment riskiii. 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

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MONEY PAD BY SHUBHAM KOLAPKAR

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