Biometric ATM

Abstract

In the banking sector, there is an immediate need to improve security. With the emergence of ATM, banking has become much simpler, but it has become much more vulnerable. Owing to the exponential increase of 'intelligent' criminals every day, the chances of misuse of this much-hyped 'insecure' baby product (ATM) are manifold. Today ATM systems use no more than an access card and PIN to verify identity. The condition is unacceptable because considerable breakthroughs have been made in the techniques of bio-metric authentication, including fingerprinting, face recognition and iris scan. This paper suggests the implementation of a framework incorporating bio-metric technology into the process of identity authentication used in ATMs. Such a system will be designed to protect both consumers and financial institutions from fraud and other security breaches. I. INTRODUCTION The growth of technology in India has put several forms of equipment into force which are aimed at more customer service. ATM (Automated Teller Machine) is one such system that makes money transactions simple for bank clients. The other side of this development is to raise the chance of the suspect to get his 'unauthentic' share. Protection is typically done by requiring the combination of a physical access card and a PIN or other password to enter a customer's account. This model encourages fraudulent attempts by stolen cards, poorly picked or randomly issued PINs, cards with little to no encryption systems, employees with access to unencrypted customer account information and other fault points. II. LITERATURE SURVEY The first ATMs were off-line machines, which means money was not immediately withdrawn from an account. The bank accounts were (at that time) not linked to the ATM through a computer network (The New York Times 1961). Thus, banks were very selective at first on who they gave ATM privileges to. Giving them only to holders of credit cards (credit cards used before the ATM cards) with clear bank (ATM Marketplace 2013). In modern ATMs, consumers authenticate themselves by using a plastic card with a magnetic stripe encoding the account number of the customer, and by entering a numeric pass code called a PIN (personal identification number), which can be modified with the computer in certain cases (BBC News 2010). Usually, if the number is entered incorrectly several times in a row, most ATMs would hold the card as a security precaution to deter an unauthorized user from using mere guesswork to work out the PIN (Telecommunications History 2008). A. Problem Statement Crime at ATM has become a wide-ranging notion problem that concerns not only customers but also bank operators and regularly rises the case of financial crime. Crime at ATM has become a wide-ranging notion problem that concerns not only customers but also bank operators and regularly rises the case of financial crime. Criminal customer steal card after illegally stealing the card 's criminal use of card details. The fraud involves Skimming card and Trapping money, as well as several other forms used in ATM fraud. Estimated ratio of ATM card related fraud is given in the table and Pie chart below.