07-03-2011, 08:28 AM
plz send me the pdf and ppt.
plz send me the pdf and ppt.
plz send me the pdf and ppt.
07-03-2011, 08:28 AM
plz send me the pdf and ppt.
plz send me the pdf and ppt.
08-03-2011, 11:48 AM
MONEY PAD FUTURE WALLET
ABSTRACT "Money in the 21st century will surely prove to be as different from the money of the current century as our money is from that of the previous century. Just as fiat money replaced specie-backed paper currencies, electronically initiated debits and credits will become the dominant payment modes, creating the potential for private money to compete with government-issued currencies." Just as every thing is getting under the shadow of "e" today we have paper currency being replaced by electronic money or e-cash. Hardly a day goes by without some mention in the financial press of new developments in "electronic money". In the emerging field of electronic commerce, novel buzzwords like smartcards, online banking, digital cash, and electronic checks are being used to discuss money. But how are these brand-new forms of payment secure? And most importantly, which of these emerging secure electronic money technologies will survive into the next century? These are some of the tough questions to answer but here's a solution, which provides a form of security to these modes of currency exchange using the "Biometrics Technology". The Money Pad introduced here uses the biometrics technology for Finger Print recognition. Money Pad is a form of credit card or smartcard, which we name so. Every time the user wants to access the Money Pad he has to make an impression of his fingers which will be scanned and matched with the one in the hard disk of data base server. If the finger print matches with the user's he will be allowed to access and use the Pad other wise the Money Pad is not accessible. Thus providing a form of security to the ever-lasting transaction currency of the future "e-cash". Money Pad - A form of credit card or smart card similar to floppy disk, which is introduced to provide, secure e-cash transactions.
12-04-2011, 05:03 PM
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19-04-2011, 09:56 AM
Money pad1.docx (Size: 180.88 KB / Downloads: 270) INTRODUCTION 1.1 OVERVIEW The 21st century will not be "cashless", as many now predict. However, it does seem clear that the currency of the 21st century will be "paperless". Paper currency and checks are gradually being supplanted by smartcards, digital cash and instant transfers of funds. The large paper bureaucracy of banks is quickly becoming redundant, burdensome, even antiquated. The evolution in digital money is happening so fast that banks cannot adopt quickly enough and will eventually collapse like top-heavy giants, blown over by the winds of financial change. The wallet of the future will hold less paper cash, coins and magnetic stripe cards. It will instead hold Money Pad containing digital cash and other financial information, updated by a PDA with a satellite communication link. As the new technologies develop new ways of making payment, one concern naturally arises. Will this technology protect each individual's right to privacy while providing the sound money needed for the economic health of communities? The answer is simple — it depends on how the new technology is used. There is nothing inherent in the technology that makes it less protective of privacy and individual rights. Advancement's like Biometrics Technology has made individual privacy even more secure. As developments in electronic money gather pace, protection of individual rights must be kept in focus. Because the record of most governments so far in these early stages of electronic commerce has been seen by many to be confrontational and not protective of individual rights, it is likely that the preservation of these rights is one reason that private currencies are likely to emerge on the Internet and to eventually play an important role in global commerce. In order to protect the rights and properties of each individual we thought of providing a security system, which every human being can understand and feel free to use. Human beings feel secure when they have their own security arrangements to protect their rights and as well as wealth. Biometrics Technology is used to develop an e-cash handling system, which is similar to well known credit cards and smart cards. The e-cash handling system is a device that facilitates secure currency transactions. We call it Money Pad which recognizes Finger Prints of the user and decides whether the user is an authorized person or not. Every time the user wants to access Money Pad he has to make an impression of his finger, which will be sensed and matched with the one in the hard disk. If the finger print matches with the user's he will be allowed to access and use the Pad otherwise the Money Pad is not accessible. 1.2 WHAT IS BIOMETRICS? Biometric technology is defined as automated methods of identifying or authenticating the identity of a living person based on unique physiological or behavioral characteristics. Biometrics can provide very secure and convenient authentication for an individual since they cannot be stolen or forgotten and are very difficult to forge. • A physiological characteristic is a relatively stable physical characteristic, such as an individual’s fingerprint, hand geometry, iris pattern, or blood vessel pattern on the back of the eye. This type of biometric measurement is usually unchanging and unalterable without significant duress to the individual. • A behavioral characteristic is more a reflection of an individual’s psychological makeup. A signature is the most common behavioral biometric used for identification. Because most behavioral characteristics vary over time, an identification system using these must allow updates to be enrolled CHAPTER 2 LITERATURE 2.1 PRESENT APPROACH Presently due to the usage of computers in almost all the fields the demand for the utilization of electronic money has increased. Payments made today in nearly all of the deposit currencies in the world’s banking system are handled electronically through a series of interbank computer networks. Credit cards and smart cards are widely used to enter into these interbank computer networks in order to perform transactions. These are the popular medium widely existing as a recent medium of currency in the e-cash scenario The mode of usage and the security provided by these currency mediums are as follows: 2.1.1 CREDIT CARD Credit cards are payment devices that allow the consumer to make purchases within certain guaranteed limits as defined by the issuer of the card. To use a credit card in most cases it is sufficient to present the merchant with the card number and the cardholder's name and expiration date of the card. These data can be conveniently transmitted over the Internet. Furthermore, credit cards process funds by electronic means. The user has to swap the card in the card reader machine then the machine asks for authentication information like password Later the user is allowed to perform the transaction. Disadvantages: Instant clearing of funds is not possible. User is always under the pressure of limits on purchase defined by the issuer of the card and also every transaction involves certain charges. Insecure transactions using fixed encryption. The card has to be renewed once it is expired. 2.1.2 SMARTCARDS A smartcard resembles a credit card except that it has a microchip embedded within it, which allows the smartcard to store information and sometimes to even perform simple calculations. Common smartcard chips typically holds about 8,000 bytes (characters) of information, which enables the smartcard to perform a variety of functions such as identification, storing bank account information and holding digital cash. Payment information in the form of currency value is stored on this chip and can be retrieved with specially designed card readers Disadvantages: Insecure transactions using fixed encryption. Risk of data loss due to chip failure. 2.1.3 ELECTRONIC PURSES AND DEBIT CARDS Despite the increasing flexibility, relationship-based cards are credit based and settlement occurs at the end of the billing cycle. There remains a need for a financial instrument to replace cash. To meet this need banks, credit card companies, and even government institutions are racing to introduce "electronic purses," that are wallet-sized smart cards embedded with programmable microchips that store sums of money for people to use instead of cash for everything from buying food, to making photocopies, to paying subway fares. After the purse is loaded with money, at an ATM or through the use of an inexpensive special telephone, it can be used to pay for say, candy in a vending machine equipped with a card reader. The vending machine has to verify the authenticity of the card and check if enough money is available for a chocolate bar. Then the value of the purchase is deducted from the banker on the card and added to an e-cash box in the vending machine. The remaining balance on the card is displayed by the vending machine or can be checked at an ATM or with a balance-reading device. Electronic purses would virtually eliminate fumbling for change or small bills in a busy store or rush-hour toll booth, waiting for a credit card purchase to be approved. This allows customers to pay for rides and calls with a prepaid card that "remembers" each transaction. And when the balance on an electronic purse is depleted, the purse can be recharged with more money. As for the vendor, the receipts can be collected periodically in person—or, more likely, by telephone and transferred to a bank account. While the technology has been available for a decade, the cards have been relatively expensive, from $5 to $10. Today the cards cost $1, and special telephones that consumers could install at home to recharge the cards are projected to cost as little as $50. A simple card reader would cost a merchant less than $200. Advantages For banks, the advantage is reduction in handling of cash and checks which have to be transported securely and are labor intensive to handle. Electronic purses are also seen as means to protect the bank and the card holder relationship which is perceived to be important in today’s’ competitive world For the retailer, the advantage is the reduction in handling of currency and check. This includes reducing the delay in money being credited to the retailer’s account. Another advantage is the reduction in the risk of theft Disadvantages Real problem arises if the purse operator goes bankrupt. This is because the card user has exchanged real money, whose value is guaranteed by the state within certain limits, for electronic money in a smart card. If the purse operator goes bankrupt, the electronic money can suddenly become worthless, and the user will have lost his or her money Another significant drawback for the user is what the card holder can do if the purse no longer works. If the purse is anonymous, then not even the purse system operator can determine the amount of money that was loaded into the purse
20-05-2011, 01:51 PM
i want ppt about money pad
04-06-2011, 12:49 PM
hey i wanna make this my project..so kindly assist me...
16-08-2011, 04:08 PM
money pad.ppt (Size: 855 KB / Downloads: 138) Money Pad, The Future Wallet Keywords Introduction Biometrics. Security. Finger Print recognition. Forms. Accessing. Authorization. E-cash. E-cheque. Credit and Debit Card Definition` Providing details. Transactions over Internet. Processing. Smartcards Electronic Purses Flexibility. Relation ship based cards. Financial instrument. Wallet-sized smart cards useful in Buying food, To making photocopies, To paying subway fares. Money Pad Floppy disk. Consists of peripherals like: A touch sensor and Magnetic disk as its peripherals. Details of the owner. Transactions. Why use Money pad? Instant clearing of funds Avoids the insecure way of carrying money Provides strong security Can be meet by a common man Avoids the nuisance of renewing Design of the system Fields Of Application Applicable in e-banks and in any kind of e-transactions Can be used to carry out remote transactions Useful to carry Digital cash Utilization of personal data in filling order forms Applicable in m-commerce transactions Applicable in daily life Conclusion For a digital currency system to attain widespread recognition and use the following three requirements are necessary: 1. Instant clearing of funds 2. Elimination of payment risk 3. Secure transactions using strong encryption Since the Money Pad aims to satisfy the above conditions there is no doubt that in near future it will be widely recommended for use .
21-09-2011, 11:01 PM
i need a detailed explanation about its working and some seminar reports regarding money pad... can anyone help me please
22-09-2011, 09:19 AM
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21-10-2011, 01:14 PM
pls send me the full report on this topic
21-10-2011, 06:17 PM
hi
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23-12-2011, 10:48 AM
24-12-2011, 09:27 AM
hi
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23-01-2012, 11:07 AM
hi
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23-01-2012, 01:10 PM
hi
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