Introduction to money pad:
The credit cards and the smart cards are frequently used transaction devices which are used by the costumers to make payments by using his personal credit card. The credit cards can be used by electronic means and the card is used till the expiration date by following the rules of the bank.
Money pad uses a biometric technology method for accessing the pad and is made of a touch pad and magnetic disk peripherals. In this paper we will see how the money pad is designed and how they are accessed for making the banking transactions.
Brief on money pad:
The money pad is used by the user by giving his finger print impression on the scanner and it records the thumb impressions. A magnetic disk is used for storing the thumb impression details and it contains the bank code details etc.
Here the user has to place he thumb impression on the scanner and it checks the details from the base server and if it is correct then he is allowed to type his account number and the password and after the successful completion he is allowed to make the further transactions. The accuracy of the money pad is calculated based on the false acception rate and rejection rate.
The money pad uses the most secure encryption and decryption methods for making the online transactions. The money pad allows the instant clearing of the funds and it acts like a digital cash. This avoids the nuisance of the renewal and can be used in m commerce and carry out remote transactions in an easier way.
Index of the Money Pad a Future Wallet Seminar Report below:
- What is Biometrics?
- Electronic Purses and Debit Cards
- Transaction using Money Pad
- Why use Money pad?
- Design of the Money Pad a Future Wallet system
- Money Pad a Future Wallet Technical Implementation
- Fields Of Money Pad a Future Wallet Application