ABSTRACT
Automated Teller Machine (ATM) is an electronic banking outlet that allows bank customers to complete a banking transaction without the aid of any bank official or teller. The ATM system, although widely used due to the convenience it affords users and its efficient operation, is still plagued by insecurity issues such as card cloning, card damaging, card expiring, card skimming, card theft and accessing of customer account by third parties. Most of these issues can be narrowed down to the fact that the PIN (Personal Identification number) authentication is no longer a safe enough security measure for the ATM system. Thus, the project aims to justify the need for a more secure ATM system and to design a system with improved security than the present ATM system i.e. A biometrically authenticated ATM system.
To achieve our aims, we firstly, justify the need for a new system(to replace the present one) and we also design a miniature system model to mimic the way an actual ATM system that uses biometrics(for this project, fingerprint authentication) as its authentication model would function: justifying the need for a new system, we review and analyze various survey publications that relate to the ATM system, fraudulent activities associated with the ATM, PIN security and biometrics authentication. We also design a miniature system model that would mimic the functionality of an ATM system with biometrics authentication as its security measure.
Results from our survey would show that fraudulent activities involving the ATM is on the rise and that the ATM system isn’t as secured as best as possible; survey would also show that the idea of using biometrics authentication in lieu of PIN, as the ATM’s authentication measure is both a welcome and recommended one; and users would be receptive of the idea of a new ATM system, that would have biometrics authentication (fingerprint especially), as its security measure instead of PIN. Results of test performed on our miniature model proved successful, as our miniature design modelled the way a biometrically authenticated system if built, would function.
Keywords: Automated Teller Machine, Biometric Authentication/Biometrics, Fingerprint
