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"Money in the twenty-first century will surely prove to be as different from the money of the present century as our money is from that of the previous century. Just as fiat money replaced species-backed paper currencies, electronic debits and credits will be converted In the dominant modes of payment, creating the potential for private money to compete with government-issued coins. "Just as every thing is getting under the shadow of" e "today we have paper money that is replaced by electronic money or e -cash.Hardly one day It happens without some mention in the financial press of new developments in "electronic money". In the emerging field of e-commerce, new buzzwords like smart cards, online banking, digital cash and electronic checks are used to discuss money. These are some of the difficult questions to answer, but here is a solution, which provides a way of securing these modes of currency exchange using biometric technology. The Money Pad introduced here uses biometric technology for fingerprint recognition. Money Pad is a form of credit card or smart card, which we call it.

Each time the user wants to access the Money Pad you have to make an impression of your fingers that will be scanned and paired with the hard disk of the database server. If the fingerprint matches that of the user, you will be allowed to access and use the Pad otherwise the Money Pad is not accessible. Thus, provide a form of security to the transaction currency of the future of the future "e-cash." Money Pad - A form of credit card or smart card similar to the diskette, which is introduced to provide, transactions and -Secure cash.

Despite the increased flexibility, relationship based cards are based on credit and settlement occurs at the end of the billing cycle. There is still a need for a financial instrument to replace cash. To meet this need, banks, credit card companies and even government institutions are rushing to introduce "electronic purses", portfolio-sized smart cards embedded with programmable microchips that store sums of money for people to use instead of Money for everything, To make photocopies, to pay the rates of the meter.

The electronic wallet works as follows.

After the wallet is loaded with cash, at an ATM or by using a special inexpensive phone, it can be used to pay, for example, sweets in a vending machine equipped with a card reader. The vending machine just needs to verify that a card is authentic and there is enough money available for a candy bar. In a second, the value of the purchase is deducted from the banker on the card and added to an e-box in the vending machine.

The remaining balance on the card is displayed on the vending machine or can be checked at an ATM or with a balance reading device. Electronic tickets virtually eliminates the search for changes or small bills in a busy shop or toll-hour, and waiting for a purchase of credit card to be approved. This allows customers to pay for travel and calls with a prepaid card that "remembers" every transaction.

And when the balance of an electronic bag is exhausted, the bag can be recharged with more money. As for the seller, receipts can be collected periodically in person - or, more likely, over the phone and transferred to a bank account. While technology has been available for a decade, the cards have been relatively expensive, from $ 5 to $ 10. Today cards cost $ 1, and special phones that consumers could install at home to recharge the cards themselves Projects that cost as little as $ 50. A simple card reader would cost a merchant less than $ 200.

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