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2. CONTENTS Abstract Key words Introduction Technical Details How To Use Why To Use Application Conclusion 3. ABSTRACT Replaced paper currencies, electronically. Initiated debits and credits will become the dominantpayment 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. The Money Pad introduced here uses the biometrics technology for Finger Print recognition. Thus providing a form of security to the ever-lasting transaction currency of the future e-cash 4. KEYWORD MONEY PAD - A form of credit card or smart card similar to floppy disk, which is introduced to provide, secure e-cash transactions. DIGITAL MONEY OR e-CASH - they refer to any of the various methods that allow a person to purchase goods or services by transmitting a number from one Computer to another.BIOMETRICS TECHNOLOGY - Technology used to accurately identify and verify an individuals identity. FINGER PRINT READER A machine with read/write head capable of reading the information stored in the Money Pad. 5. INTRODUCTION The 21st century will be paperless paper currency and checksare gradually being substituted by smartcards, digital cash and instant transfers of funds. It will hold Money Padcontaining digital cash and other financial information, updated perhaps automatically by a PDA with a satellite communication link. Biometrics Technology has made individual privacy evenmore secure Money Pad recognises Finger Prints of the user and decides weather the user is a authorized or not. 6. PRESENT SYSTEM (A)DEBIT CARD (B)SMART CARD They are payment devices that allows the consumer to make purchases within guarantied limits as defined by the issuer of card. Holds up to 8000 bytes of information Disadvantages1- Instant clearing of funds is not possible . 2- User is always under the pressure of limits on purchase defined by the issuer of the card and also every transaction involves certain Charges 7. New Approach To over come the above drawbacks of credit cards and smart cards a medium of exchange to carry digital cash wherever man wants, which was named as Money Pad. 8. Operations of money pad: Design of the system:- 9. Transaction using money pad A user wants to use the money pad he has to place his finger on the touch sensorand then place it in a finger print reader. The reader will ask for bank code of the database. Then he can enter into his e-bank, After the reader will access the finger print. General info. Of users Finger print readerDatabase serverInfo.collected in passed to the server for verificationUnauthorisedMoney padAuthorisedE-bookCannot access cash is emailed to owners account 10. Technical implementation of money pad The money pad uses the Biometric Technology as the technique with which the security is provided. Biometric Technology are used to accurately identify and verify an individuals identity. It generally believed that the pattern on each finger unique. 11. HOW A SENSOR WORKS ? A sensor reads the ridge pattern on the finger surface. Analog reading in the digital from through an analogto digital converter. 12. How To Use Money Pad? New User : 1. Visit a nearby bank with e-banking facility. 2. Create an account with some balance. 3. Give necessary details along with finger prints. 4. User is given bank code & account number along withmoney pad The Money Pad consists of stored information like account no., bank code (from where he has purchase money pad ) and his finger print. 13. FIELDS OF APPLICATIONS Applicable in e-banks and in any kind of e-transaction. Useful to carry Digital cash. Utilization of personal data in filling order forms. Applicable in m-commerce transactions. 14. 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 risk3. 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.