The document summarizes the use of biometrics for authentication at ATMs. It discusses how biometrics like fingerprint and facial recognition can be used instead of ID cards and passwords. Biometric authentication provides strong security and avoids costs associated with managing ATM cards. It allows flexible access for users while also reducing operational costs for banks through lower total cost of ownership of ATMs.
The document summarizes the use of biometrics for authentication at ATMs. It discusses how biometrics like fingerprint and facial recognition can be used instead of ID cards and passwords. Biometric authentication provides strong security and avoids costs associated with managing ATM cards. It allows flexible access for users while also reducing operational costs for banks through lower total cost of ownership of ATMs.
The document summarizes the use of biometrics for authentication at ATMs. It discusses how biometrics like fingerprint and facial recognition can be used instead of ID cards and passwords. Biometric authentication provides strong security and avoids costs associated with managing ATM cards. It allows flexible access for users while also reducing operational costs for banks through lower total cost of ownership of ATMs.
(Accredited by NBA, Approved by AICTE, Affiliated to JNTU, Hyderabad)
KANDLAKOYA (V), MEDCHAL ROAD, HYDERABAD-501401.
Department of Computer Science and Engineering
BIO-METRIC ATM
Abstract:
Biometrics refers to the automatic identification of a person based on his
physiological/behavioral characteristics. • Various types of biometric systems are being used for real time identification most popular are based on face recognition and finger print matching. • Most of the ATM in the past have been using ID cards to identify users but with the wide acceptance of Biometrics a new generation of Biometrics ATM are being deployed for wide range of applications worldwide. • Biometrics based authentication is a potential candidate to replace password-based authentication. Current Authentication Systems Online Authentication • User Name • Password • One Time Password Bank Authentication • Token-based identification systems - Identification Cards • Signature.Provides strong authentication • Can be used instead of a PIN • Hidden costs of ATM card management like card personalization, delivery, management, re-issuance, PIN generation, help-desk, and reissuance can be avoided • Ideal for Indian rural masses • It is accurate • Flexible account access allows clients to access their accounts at their convenience • Low operational cost of the ATMs will ultimately reduce Total cost of ownership (TCO).