There is an urgent need for improving security in banking region. With the advent of ATM though banking became a lot easier it even became a lot vulnerable. The chances of misuse of this much hyped ‘insecure’ baby product (ATM) are manifold due to the exponential growth of ‘intelligent’ criminals day by day. ATM systems today use no more than an access card and PIN for identity verification. This situation is unfortunate since tremendous progress has been made in biometric identification techniques, including finger printing, retina scanning, and facial recognition. This paper proposes the development of a system that integrates facial recognition technology into the identity verification process used in ATMs. The development of such a system would serve to protect consumers and financial institutions alike from fraud and other breaches of security.
The rise of technology in India has brought into force many types of equipment that aim at more customer satisfaction. ATM is one such machine which made money transactions easy for customers to bank. The other side of this improvement is the enhancement of the culprit’s probability to get his ‘unauthentic’ share. Traditionally, security is handled by requiring the combination of a physical access card and a PIN or other password in order to access a customer’s account. This model invites fraudulent attempts through stolen cards, badly-chosen or automatically assigned PINs, cards with little or no encryption schemes, employees with access to non-encrypted customer account information and other points of failure
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