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One Touch Transaction for Multi-Banking System Using Biometric and Unique-Id Identification

Author(s):

Naresh Thoutam , Sandip institute of technology and research center ,Nashik; Ashish Chousalkar, Sandip institute of technology and research center,Nashik; Sayali Kokane, Sandip institute of technology and research center,Nashik; Pralhad Gaikwad, Sandip institute of technology and research center, Nashik; Vaishnavi Pawar, Sandip institute of technology and research center, Nashik

Keywords:

ATM (Automated Teller Machine), PIN (Personal Identification Number), Multi-banking, Security, Biometric authentication, UID (Unique-ID Identification)

Abstract

Each and every individuals has many bank accounts in different banks, people’s need to carry multiple ATM cards for transaction, there may be different PINs for each and every account. In traditional system, ATM customer recognition systems is only depends on bank cards, security pin number, and such identity verification methods which are used to measures are not perfect and functions are too single and at time there are incidents where we forget security PIN number, lose of cards, cards get stolen, PIN numbers get stolen. To overcome these situation in traditional ATM system, introducing a new ATM terminal customer recognition system, “One Touch Transaction for Multi-banking System Using Biometric and Unique-ID Identification”. Biometric based fingerprint authentication technique is one of the most secure systems, unauthorized accesses will be restricted, as this makes fingerprint a unique identification for everyone. Also this system assures a secure GSM (OTP-One time Password) based transaction. And also the proposed system has no risk overhead in managing multiple account transactions and achieves high security as compare to the traditional ATM system.

Other Details

Paper ID: IJSRDV7I120436
Published in: Volume : 7, Issue : 12
Publication Date: 01/03/2020
Page(s): 556-558

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