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Electronic Micro Banking System for Remote and Rural Areas Using Arm Processor

Author(s):

Deepa. T , KALAIGNAR KARUNANIDHI INSTITUTE OF TECHNOLOGY; G.Sathishkumar, KALAIGNAR KARUNANIDHI INSTITUTE OF TECHNOLOGY

Keywords:

Global Positioning System, Global System for Mobile Communication, Smart SD memory card, Smart Card Reader, Fingerprint authentication, Panic Button, Touchscreen Controller, LPC 1764 controller and ARM Cortex M3 processor

Abstract

Today, banks have realized that their next huge customer base is not in the urban setting but in the often-neglected rural areas. Infrastructure of rural areas is not as rich as urban counterparts. Reaching the people in rural areas is not so easy compared to urban areas. To create a secured handheld doorstep banking system, it is a mobile banking system which is used to provide much secured and easy of banking service for the people from rural areas and remote villages. The transaction simply cannot be done by inserting card and PIN number, it also requires fingerprint identification and OTP for every transaction to improve more secure. Once this kind of systems is launched by banks, the customer can have easy banking services with the bank where the customer is member. This system is used as banking machine with connected to banking server which is carried by the banking person who is authorized by the respective bank. Also the money transferring can be done by the same banking person.

Other Details

Paper ID: IJSRDV3I2781
Published in: Volume : 3, Issue : 2
Publication Date: 01/05/2015
Page(s): 1056-1060

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