Secure Card-less ATM Transactions
Khushboo Yadav, Suhani Mattas, Lipika Saini, Poonam Jindal
Abstract
With the constant developments in technology we have certainly advanced a lot in terms of digital payments. The increasing use of debit and credit cards in different fields has reduced manual efforts to a large extent thereby making payments at and for various tasks way too convenient. This ease comes with the associated risks as technological advancement and cyber- crime go hand-in-hand. In recent years, cash withdrawal through ATM cards has seen an increase in the number of card related frauds; card cloning, shoulder surfing, fake keyboard, skimming etc. being a few of them. To combat these problems, we propose a Secure Cardless Transaction System- a method which would eliminate the usage of ATM PIN and physical cards altogether and hence provide a secure environment for cash withdrawal. The concept of User-Generated One Time Password (OTP) has been introduced in this project. With all these modification in existing systems, the robustness of the machines will increase.