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Narayanicollegeforprofessionalstudies2 131219231751-phpapp01
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Transcript of Narayanicollegeforprofessionalstudies2 131219231751-phpapp01
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.