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Biometric Authentication Of An Automated Teller Machine Using Finger Print And Password
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1.4 Significance of the Study
In
present age, security has become an essential and fundamental tool of
every organization. If we talk about money it comes with great
importance. In the banking system, it is also a very confidential issue.
The principle motivation behind ATM machine is to safeguard cash and
ensure easy and fast accessibility to cash. But as of late a few
security issues have emerge concerning the ATM. The significance of this
project is the huge benefit it is going to be to the bank worker, the
bank management and the customer at large. For the bank management it
will reduce the huge amount of cash lost to ATM fraud every year. The
time spent by bank workers to resolve cases of ATM fraud too will be
reduced thus affording them time for more pressing issues. Most bank
provide the single (PIN) password authentication to their customers for
ATM transactions but now a days it is no longer enough to guide the
data and proof the identity of the customer. It is so easy for
fraudsters to obtain the PIN and perform fraudulent operation on ATM. To
guide against this type of frauds bank can utilize dual user
verification system so that banking operations becomes more secure.
Furthermore, there is a sense of mistrust with PINs and Bank customers
may feel that it is unsafe because they are worried that in the event
that they lose their card that someone may find it and some way or the
other is able to determine their PIN and steal their money from the ATM.
In other to eliminate this threat, this project will focus on a
consolidated strategy i.e. costumers insert their card & PIN, if
costumers insert valid PIN then access is grant to another security
approved process i.e. biometric fingerprint. Utilizing legitimate PIN
& biometric fingerprint costumer can perform ATM transaction process
i.e. deposits, transfers, balance enquiries, mini statement, Fast cash
& withdrawal etc. By using fingerprint recognition combined with the
old PIN method, customers are more comfortable with the idea of saving
their money with the bank because they understand that if they lose
their ATM card, no one can replicate their fingerprint and take their
money. In banking system Biometrics holds the guarantee of quick, easy
to utilize, precise, reliable, and less expensive authentication.
1.5 Scope of the Study
The
scope of this project describe the simulation of an automated teller
machine with the capability of the combination of both biometric
(fingerprint) and password (PIN) based authentication with a view to
provide a more secure Online banking transaction on ATM: Only banking
system is captured. The biometric authentication system will consists of
five main components. These are: sensor, feature extractor,
fingerprint/template database, and matcher and decision module.
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