This document discusses improvements to security for automated teller machines (ATMs). It proposes adding facial recognition technology to address security issues with stolen cards and PINs. A camera would capture a user's face and match it to the stored image associated with their bank account. Only if the PIN, live image, and stored image all match would the transaction be authorized. This enhanced verification process could help reduce fraud and protect both customers and financial institutions.
3. Automated Teller Machine
An automated teller machine (ATM) is
❏ Made money transactions easy for
customers to bank 24 hours of time.
❏ Device that provides the customers of a
financial transactions in a public space
without the need for a human clerk or bank
teller.
❏ Security requiring combination Physical
access card+Password(PIN)
4. ❏ With the advent of ATM through banking became a
lot easier it even became a lot vulnerable
❏ It invites fraudulent attempt through stolen cards,
badly-chosen or automatically-assigned PINs,and
other failures
❏ There is urgent need for improving security in
Banking region
5. ❏ By forcing the ATM to matching a live image of a
customer’s face with an image stored in bank
database that is associated with the bank account
number, the damage to be caused by stolen cards
and PINs are effectively neutralized
❏ Only when the PIN matches the account and the
live image and stored image match ,would a user
be considerably fully verified
6. Personal Identification Number
(PIN)
❏ PIN is one method used by banks
and phone companies to protect
your account from unauthorized
access
❏ PIN is a confidential code issued
to the cardholder to permit access
to that account
❏ But also the chances of misuse of
this PIN are manifold due to the
exponential growth of 'intelligent'
criminals day by day
7. Drawbacks of PIN
❏ The PIN does not prove the identification of the
cardholder
❏ People write PINs and disclose to others increasing the
risk of fraud; and PINs can be stolen by observation
❏ ATM systems today use no more than an access card
and PIN for identity verification access card
8. Drawbacks of PIN(Contd..)
❏ There is an urgent need for improving security in
banking region.
❏ So we need more security confirmation in ATMs
9. WHY PRESENT ATMs -> ATM with an eye
TWO REASONS :
❖ Environmental Concerns
❖ Security Concerns
10. ❏ In conventional ATMs – CARD is
needed
❏ CARD comes in an envelope which
contains 2 sheets of paper
❏ RBI report says – 25000 new
accounts are opened daily
❏ On yearly basis, a lot of paper is
required – leads to cutting of trees
ENVIRONMENTAL CONCERNS
11. ❏ MAGNETIC CARD (UNIQUE
NUMBER)
❏ PERSONAL
IDENTIFICATION NUMBER
Security Concern Of Present ATM
12. ❏ Pin Cracking
❏ The chances for misuse of
duplicate card
Security Concern Of Present Atm
14. HOW IT WORKS
A camera based in cash machine will
➔ Detect the pattern in second
➔ Compare it with one store in a central computer
➔ Or encode on to the cash card
A sensor system examines randomly
➔ The iris the colored part of the camera will be
checking is unique to every person
➔ As unique as a fingerprints
15. Where It Used
The development of such a system would
❏ Serve to protect consumers
❏ Financial institutions alike from fraud
❏ Other breaches of security
23. Working
By forcing the ATM
➔ match a live image of a
custom (associated with
the account number)
➔ when the data matches
(live image and stored
image)
➔ user be considered fully
verified
26. Disadvantages
❖ Costly
❖ The person should be present at the spot
❖ Small target
❖ Sometimes False acceptances and rejections
❖ Flash of camera should not become so bright
28. Conclusion
We Thus Develop An Atm Model That Is
❖ Highly Accurate
❖ Successful applications
❖ Easy process
❖ Increasing both privacy and identity security
29.
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