Highly Secure Multiple Account Bank Affinity Card-A Successor for ATM Card

Abstract

Present day, ATM system provides the facility to access any ATM card in any ATM system to a user. The problem with the present ATM system is that if an user has more than one account, he has to carry all the ATM cards associated in his account to access multiple bank accounts and also has to remember multiple passwords. In this paper we are introducing an application for banking purpose particularly for ATM card. Here we are integrating multiple bank accounts into a single ATM card. In this cryptographic era, passwords represent the weakest link in the computer security chain. So, we are introducing fingerprint based authentication and face recognition which provides high security. SMS based OTP(One Time Password) is also used to prevent fraud and to avoid PIN (Personal Identification Number) which provides higher security. In addition to user friendly and reliable banking procedure, the proposed method also reduces the cost of interbanking transactions as interbanking different bank data bases is a resource consuming thing.