Cardless Atm

Topics: Automated teller machine, Smart card, Personal identification number Pages: 11 (2555 words) Published: March 13, 2013
“You are the Cash card”

Over the past three decades, consumers have been largely depending on and trust the Automatic Teller Machine (ATM) to conveniently meet their banking needs. However, despite the numerous advantages of ATM system, ATM fraud has recently become more widespread. In this paper, we provide an overview of the possible fraudulent activities that may be perpetrated against ATMs and investigates recommended approaches to prevent these types of frauds. In particular we develop a prototype model for the utilization of biometrics equipped ATM to provide security solution against must of the well-known breaches. To ensure that such security approach will be accepted by the majority of users. And we hope that, this Paper will provide Secure Transactions. Keyword(s): ATM, ATM Fraud, Biometrics, Fingerprint Verification.

1. Introduction of ATM.
2. History of ATM.
3. ATM Architecture.
4. Workflow of ATM.
5. Hardware Requirements.
6. Software Requirements.
7. Algorithms used in ATM.
-Financial Networks.
8. Type of ATM Impostures.
9. Introduction of Biometrics.
10. Types of Biometrics.
11. Cardless ATM.
11.1 Design Stages.
11.2 Main menu.
11.3 Cardless ATM Workflow
-Data Storage
- Security
12. Difference between other
Cardless ATM Models.
13. Advantages
14. Disadvantages
15. Conclusion.
16. References.
Introduction of ATM:
Fig: ATM Machine
Automated Teller Machine is known as ATM. A station that allows customers to enter their own transactions using cash cards as identification. The ATM interacts with the customer to gather transaction information sends the transaction information to the central computer for validation and processing and dispenses cash to the customer. Simply it is a Machine used to provide facility of accessing their accounts for dispensing cash and to carry out other financial transactions without the need of actually visiting a bank branch. ATMs are known by various other names including ATM machine, automated banking machine, and various regional variants derived from trademarks on ATM systems held by particular banks. History of ATM:

Luther George Simjian has been credited with developing and building the first Automatic Teller Machine. An experimental Bankograph was installed in New York City in 1939 by the City Bank of New York but removed after 6 months due to the lack of customer acceptance. The Bankograph was an automated envelope deposit machine (accepting coins, cash and cheques) and it did not have cash dispensing features. The first of these that was put into use was by Barclays Bank in Enfield Town in North London on 27 June 1967. On September 2, 1969, Chemical Bank installed the first ATM in the U.S. at its branch in Rockville Centre, New York. The first ATMs were designed to dispense a fixed amount of cash when a user inserted a specially coded card. A Chemical Bank advertisement boasted "On Sept. 2 our bank will open at 9:00 and never close again." In 1995, the Smithsonian National Museum of American History recognized as the inventors of the networked ATM Docutel and Wetzel. The first modern ATMs came into use in December 1972 in the UK; the IBM2984 was designed at the request of Lloyds Bank. Today a lot of older people who accepted the older way of simply receiving the money from the teller rarely use the bank machines ATM Architecture

An ATM is typically made up of the following devices: ✓ CPU- to control the user interface and transaction devices. ✓ Magnetic and/or Chip card reader -to identify the customer. ✓ PIN Pad-(similar in...

References: 1. Net World Alliance, “Timeline: The ATM 's history”, 2003.
2. "ATMs to operate without a card" BBC News. June 12, 2012.
3. M. Bond and P. Zielinski, “Decimalization table attacks for PIN Cracking”, Technical report, Computer Laboratory, University of Cambridge, 2003.
4. B. Luca, S. Bistarelli, S. &A. Vaccarelli, “Biometrics authentication with smartcard”, IIT TR-08/2002, Retrieved October,9, 2009.
5. “Global ATM Market and Forecasts to 2013”, Retrieved May7, 2010.
Japan Web Japan, 2005-05-10.
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