MINI PROJECT REPORT

ON

“FINGERPRINT BASED ATM SYSTEM

AND IRIS SCANNER”

Towards partial fulfillment of

Master of Business Administration (MBA)
(Affiliated to MR. A P J Abdul Kalam Technical University, Lucknow)

Submitted By: Submitted To:

Gaurav Pandey Mr. D. K. Shukla
Roll No. 2200540700036 (Assistant Professor)
BBD ITM, Lucknow BBD ITM, Lucknow

SESSION 2022-2023
DEPARTMENT OF MANAGEMENT

Babu Banarasi Das

Institute of Technology & Management
Sector 1, Akhilesh Das nagar, Faizabad Road, Lucknow (U. P.), India
 DECLARATION

I hereby declare that the field work entitled of “FINGERPRINT BASED ATM

SYSTEM AND IRIS SCANNER” submitted to the university is a record of an

original work done by me under the guidance of Mr. D. K. Shukla (Assistant

Professor) (BBD ITM, Lucknow) and this Mini report is submitted in the partial

fulfillment of Master in Business Administration.

Date: Gaurav Pandey

Place: MBA 1st Semester
Roll No. 2200540700036
 ACKNOWLEDGEMENT

I would like to express my special thanks of gratitude to our H.O.D. Mr. Pooja

Bhatia who gave me the golden opportunity to do this wonderful opportunity to pen

down a innovative business plan and also helped me in doing a lot of Research and I

came to know about so many new things I am really thankful to her.

I am highly indebted to my Faculty guide MR. D. K. SHUKLA Ma’am for their

throughout guidance and constant supervision as well as for providing necessary

information regarding the project & also for their support in completing the project.

I would like to express my gratitude towards my parents & my college mates for their

kind co-operation and encouragement which help me in completion of this project.

However, it would not have been possible without the kind support and help of many

individuals and organizations. I would like to extend my sincere thanks to all of them

who have willingly helped me out with their abilities.

Gaurav Pandey
MBA 1st Semester
Roll No. 2200540700036
 PREFACE

I respect to the allotted project, I have inherited myself as an entrepreneur in this

organization but informally it is a sacred place for me as it’s my first practical

exposure to an organization to know and get aware to an organizational real practical

stressful environment. Although I am student of MBA It is a two year full time degree

courses. So far this training is scheduled for first semester syllabi of AKTU i.e. (Mini

Project) as a separate topic to be asked in detail in viva-voice conducted by external

Thus study will provided me a better opportunity to survive in cut throat competition

with a prosperous existence. I have tried my best to gain out of well framed

circumstances & with the help of experienced personnel who helped me out so for

become possible to them. As being a very confidential functioning many things are

there which can’t be known but on the basis of gathered information and certain hints,

the project has been formed. It may have something missing but I have tried to present

all things what I have received. Although this report has been got checked by different

personnel but after that if there is some shortcomings I expect it to be rectified. So the

whole study bifurcated in different parts. Certain observations & suggestions also

have been stated which if possible to be reviewed.

 TABLE OF CONTENT

Sr. No. Topic Page no.

1. Introduction 1-7

2. Objective of innovation 8

3. Need of innovation 9

4. Source of idea 10

5. Uses of the service functional areas of services 11

6. Competitors analysis SWOT analysis of service 13

7. Technical feasibility 14

8. Market analysis 15

9. Positioning of Business in Market 16

10. Costing and pricing of the service 17

11. Pricing Strategies for Business 18-20

12. Future Enhancement 21

13. Limitations 22-24

14. Conclusion 25

15. Bibilography 26
INTRODUCTION

1
 INTRODUCTION
In today’s modern world, autonomous systems play an important role in our day to

day life. As the social computerization and automation have Mrastically increased, it

can be seen evidently where the number of ATM centers increases rapidly. Most

civilians use ATM’s regularly. A good example can be a financial transaction, ease of

money exchange etc. So there exists an important factor called security. The crime

rates involved in financial organizations have increased tremendously. Over past few

years “90 % of crimes in ATM centers in the form of robbery”. This issue poses a

serious threat to both bank management and civilians. Therefore this study proposes a

solution to minimize the ATM robbery in real time by means of embedded systems

and GSM technology. The main motive of this design is to prevent ATM theft. Many

real time incidents around us has been the main motivation of this project.

2
 PROPOSED SYSTEM

We are using ATM’s in our country for all our banking activities. An automated teller

machine (ATM) is an electronic telecommunications device that enables customers of

financial institutions to perform financial transactions, such as cash withMrawals,

deposits, transfer funds or obtaining account information, at any time and without the

need for direct interaction with bank staff. In our proposed system we are introducing

finger print sensor in which when a user scan their finger,if that user is valid then the

door opens and name is displayed on the LCD monitor,after transaction activity the

door will close within 10 second. In case if there is any fraud activity happens inside

ATM then the buzzer and the LED light becomes on and message pass to bank and

nearest police station. Alsoin bank there is a theft detection system,in that system

before the bank closes an image of strong room is captured which will set as master

picture then the system continuously captures the image of the strong room before the

bank opens. If anyone of the image has any change otherthan master picture,then that

particular image will be stored in the database otherwise it will be deleted. When

there occurs any high mismatch between the pictures then an alert message will be

send to bank.

3
 IRIS SCANNER

Nowadays we are experiencing a radical increase in skimming in the Automated

Teller Machine (ATM) systems. So, actuation in advancement and security of the

ATM machines is required. An automated teller machine (ATM) is an electronic

telecommunications device that helps customers of banking departments in

transactions and transfer of money in their accounts. The customer enters their unique

personal identification number (PIN), i.e. stored in the chip of the card. Due to an

increase in the installation of ATM and the number of ATM cardholders, the number

of cases of fraudulence has also increased radically. The advancement in technology

has resulted in an increase in various skimming activities. So, developments are

incorporated in the existing systems to make it more secure, convenient and reliable.

The employed secured system must have high speed and must be durable. The

presented design is unique because of biometric scanners such as Iris scanner and the

two-way check with fingerprint scanner makes it more reliable. The iris scanner being

the primary security check lets the system access the further steps for transaction.

Fingerprint scanner embedded in the ATM card acts as the secondary security check

for the system. The transaction procedure is successful only if the input data by the

card holder matches with the database. It consumes less energy that makes it suitable

for use. The suggested modified system is pragmatic moreover economical when

correlating to the alternative existing classification and affirmation processes of

ATMs.

4
 ADVANTAGES

• It will take measure on radius of total eye from the center of the pupil in three

different ways, and it gives authorization from previously collected database

• It is used in any other security system using this type of authorization(ex. Wallets,

Home security, etc,.)

• The acquisition of human retina is not as simple as for other biometrics like

fingerprints, face, irisetc and the fundus cameras are also very expensive

5
 DISADVANTAGES
Apart from all the advantages, every technology has some disadvantages too, iris

recognition is no different.

The key limitations of iris recognition are the following:

1. Expensive: Iris scanners are relatively higher in cost compared to other biometric

modalities. As one of the leading and latest technologies of modern times, the cost of

iris devices is fairly high. Large companies, agencies, or Governments can afford

that price, but the general public can’t afford to pay that price. Some say that it costs

five times higher than fingerprint scanning which is more readily available to the

general public.

2. Distance: Iris is small in size and can’t be located within a few meters distance. A

person needs to be at a close distance from the iris scanning device to be enrolled in

the system properly. So, a proper setup is needed for initiating an iris recognition

process.

3. Movement: A person has to be steady in front of the device to be enrolled by iris

scanners. It means this device can’t be used like face recognition devices to scan

anybody, regardless of their movements. Sometimes it is quite difficult to be steady

enough to complete the scanning process on the first attempt.

4. Reflection: In some cases, it is hard to perform an iris scanning due to the presence

of reflections. It could happen in the case of eyelashes, lenses, and anything, in

general, that would cause a reflection. These aren’t very uncommon in our society so

people would face some difficulties during the iris scanning process.

5. Infrared light: The constant use of this system may cause harm to the iris because it

is constantly being scanned with infrared light.

6
6. Location: The placement of the iris is somewhat bizarre. It is situated behind a

curved, wet, reflecting surface.

7. Expense: A lot of memory is required for storing and later accessing the data.

8. Obscure: It is obscured by eyelashes, lenses, and reflections, which creates a

problem, more often than not.

9. Eyelids: Iris is partially blocked by eyelids which is difficult to control by

individuals due to frequent blinking.

10. Transformation: Iris may deform non-elastically as the pupil may change its size

due to medical or other conditions.

7
 OBJECTIVE OF THE INNOVATION

My primary objective as a Fingerprint Based ATM System is to deliver quality

services and awareness to the customers. I can fulfill this by ensuring those

customers’ requests on quality product.

I aim to provide customers better quality services at their local area.

To promote LOCAL FOR VOCAL

8
 NEED OF INNOVATION
Identification and verification of a person today is a common thing; which may

include door-lock system, safe box and vehicle control or even at accessing bank

accounts via ATM, etc which is necessary for securing personal information. The

conventional methods like ID card verification or signature does not provide

perfection and reliability. The systems employed at these places must be fast enough

and robust too. Use of the ATM (Automatic Teller Machine) which provides

customers with the convenient banknote trading is facing a new challenge to carry on

the valid identity to the customer. Since, in conventional identification methods with

ATM, criminal cases are increasing making financial losses to customers.

9
 SOURCE OF IDEA

Human mind:- Human mind is the main source of innovations. In

business, innovation often results when ideas are applied by the company in order to

further satisfy the needs and expectations of the customer

• Unexpected Occurrences:- Consider, first, the easiest and simplest source of

innovation opportunity: the unexpected....

• Incongruities....

• Process Needs....

• Industry and Market Changes....

• Demographic Changes....

• Changes in Perception....

• New Knowledge.

• Innovation is based upon bright ideas. The human mind thinks of new things

that can better fulfill an existing need. In this process he thinks of filling his needs in

new ways and by devising new products and mechanisms. Demographics: Our

lifestyles can also be a source of innovation

10
 FEASIBILITY STUDY
Feasibility Analysis involves eight steps:

1. Form a project team and appoint a project leader.

2. Prepare a system flow chart.

3. Enumerate potential candidate systems.

4. Describe and identify characteristics of candidate systems.

5. Describe and evaluate performance and cost effectiveness of each candidate

systems.

6. Weight system performance and cost data.

7. Select the best candidate system.

8. Prepare and report final project directive and management.

The Aspects of feasibility includes:

1. Technical Feasibility study

2. Operational Feasibility study

3. Financial And Economic Feasibility study

4. Behavioral Feasibility

11
 ADVANTAGES

 IOT ATM is highly secured system.

 It provides a finger print sensor on the door.

 It only allows entry for the valid persons.

 The ATM machine is secured with vibration sensor.

 If there any malpractice occur on machine, full system become locked

 An alert message is passed to the bank

 Detect theft by image comparison process done by the software

12
 COMPETITORS ANALYSIS

1. Determine who your competitors are.

2. Determine what products your competitors offer.

3. Research your competitor’s sales tactics and results.

4. Take a look at your competitors' pricing, as well as any perks they offer.

5. Ensure you're meeting competitive shipping costs

There is no competition in the market

because it is a very new service which has
its own value and has no other alternatives

13
 TECHNICAL FEASIBILITY
The main objective of feasibility study is to test the technical, social and economic

feasibility of developing a system. Investing the existing system in the area under

investigation and generating ideas about the new system does this. Feasibility study

has been done to gather required information. Training, experience and common

sense are required for collection of the information. Data was gathered and checked

for completeness and accuracy. Analyzing the data involved identification of the

components of the system and their interrelationship and identified the strength and

weakness of the system.

14
 MARKET ANALYSIS

A market analysis is a quantitative and qualitative assessment of a market. It looks

into the size of the market both in volume and in value, the various customer

segments and buying patterns, the competition, and the economic environment in

terms of barriers to entry and regulation.

How to do a market analysis?

The objectives of the market analysis section of a business plan are to show to

investors that:

• you know your market

• the market is large enough to build a sustainable business In order to do that I

recommend the following plan:

Demographics and Segmentation Target Market

Market Need Competition Barriers to Entry Regulation

Segmentation helps marketers to be more efficient in terms of time, money and other

resources. Market segmentation allows companies to learn about their customers.

They gain a better understanding of customer's needs and wants and therefore can

tailor campaigns to customer segments most likely to purchase products.

One technique used to identify a target market is market segmentation. The five basic

forms of segmentation are demographic (population

Statistics), geographic (location), psychographic (personality or lifestyle), benefit

(product features), and volume (amount purchased).

15
 POSITIONING OF THE BUSINESS IN MARKET
Positioning is a marketing concept that outlines what a business should do to market
its product or service to its customers. In positioning, the marketing department
creates an image for the product based on its intended audience.

This is created through the use of promotion, price, place and product.

There are five main strategies upon which businesses can base their positioning.
• Positioning based on product characteristics....
• Positioning based on price....
• Positioning based on quality or luxury....
• Positioning based on product use or application....
Positioning based on competition. Types of positioning in marketing
• Pricing. Pricing is an essential factor that impacts the decisions of most
customers...
• Quality. Quality can help rebuff most pricing wars....
• Differentiation....
• Convenience....
• Customer service....
• User group....
• Create a strong competitive position....
• Improve sales.

16
 COSTING AND PRICING OF THE SERVICE
Many service-based businesses struggle to come up with a fair and profitable pricing

strategy. Unlike product pricing, you can’t exactly quantify all the costs that go into

providing a service. The expenses that go into providing a service are more subjective

than the expenses that go into making a product. How much you charge customers

doesn’t always directly correlate with the amount you pay to perform services.

In service industries, finding a target profit margin is not as simple. You don’t have an

original price to reference. Instead, your pricing formula for services should account

for the intangible aspects of running your business, such as time and value.

In short, pricing services is tricky business.

As a service-based business, it’s difficult to price services because we need a model

that is scalable yet flexible enough to solve our customers’ problems. Offering a

scalable, one-size-fits-all price can turn potential customers off because their needs

are typically not like those of your countless other customers. At the same time,

offering 100% custom pricing can limit growth because of the time required to quote

every facet of your services.”

Your 6-step guide

Because there is not a set-in-stone method for pricing services, you have some

flexibility. Use the following six steps to learn how to price a service:

1. Calculate your costs

2. Look at the market

3. Know your customers

4. Consider time invested

5. Come up with a fair profit margin

6. Charge an hourly or per-project rate

17
 PRICING STRATEGIES FOR BUSINESSES

There are many different pricing strategies to choose from. Here are 11:

1. Market penetration strategy: Set prices low to grow market share. Then

increase your rates over time as your customer base grows. Admittedly, this isn’t a

common pricing strategy for service businesses, but it can help you grow your

customer base quickly. The big problem with this approach is that some customers

may associate the lower price with an inferior level of service. You will also have to

work a lot harder to coveryour costs

2. Price skimming: The opposite of a market penetration strategy. Here you set a

high price and lower it over time. Again, this isn’t your typical pricing strategy for a

service business. But it may work if you have something special to offer. The pros are

that you’ll maximize your profits upfront and grow a more sustainable business. The

big Mrawback, however, is that if you can’t justify the price, you’ll struggle to get

your business off the ground.

3. Premium pricing: Charge higher prices because you have something that

makes you unique. For example, do you offer a warranty or service guarantee that

your competitors do not? Do you use exclusive tools or technology that make your

business easier to work with and deliver results that standout?

4. Economy pricing: Set low prices because overheads are low. Your costs may

be low for several reasons. Perhaps you use software to org anize and manage your

business instead of hiring an assistant. Or maybe you have a special arrangement with

one of your suppliers which allows you to get inexpensive supplies.

5. Cost-plus pricing: Calculate the cost to deliver your services and add a margin

for a profit. For example, if you know your time and materials cost $200, and you

want to make a 20% profit margin, simply charge $240. This is a straightforward

18
pricing strategy, but it can cost you money because you may end up setting a lower

price than what customers are actually willing today.

6. Psychological pricing: Prices based on the psychological impact they have.

For example, it’s believed that odd prices like $19.97 are more attractive than round

numbers like$20.00.

7. Competitive pricing: Charge according to what the competition charges. While

competitors can give you a good idea of where to start, remember that your business

is unique. Just because someone is charging a specific price doesn’t mean you should

match or undercut them.

8. Bundled pricing: Also known as packaged pricing, this strategy involves

bundling various services together and charging one price. Bundled services are

usually cheaper than if customers were to purchase each service individually. If done

correctly, this technique is a great way to upsell more services and boost your profits

—as Dave Moerman of Revive Washing notes:

“Our house washing package is our most requested and most profitable service. This

is a full soft wash of siding, windows, and gutters).

Homeowners like this package because it takes care of all services with one detailed

visit…For our crew to be profitable, we have to do a certain amount of revenue per

day. Small jobs are okay to slot in, but we like to have a good-size house wash for

each crew for each day. From a profitability perspective, it’s much better.”

9. Tiered pricing: Offer clients the option of choosing between different levels of

service or packages. In window cleaning, for example, you can offer a basic package

for $99 (outside cleaning only), a standard package for $149 (inside and outside), or a

deluxe package for $199 (inside, outside, tracks and sills). Each package offers

19
incrementally more value, and the difference in price gives the consumer a chance to

consider what they are willing tospend.

10. Value-based pricing: Charge a flat fee based on the value (benefits) your

service provides. Value, for example, could mean saving the customer time or giving

them peace of mind. Before quoting a client, make sure you’re clear on the benefits

your service provides and, in turn, what they’re actually paying for.

For example, parents who use house cleaning services are not really paying for the

service itself, but the time it frees up so they can spend with their chilMren. Charging

for your services based on value lets you charge a premium and protects you from the

all-too-common price haggling that occurs with some customers.

11. Hourly-based pricing: Estimate how long a job will take and multiply it by

your hourly rate. Although this pricing strategy may be suitable when starting a

business, do use it with caution as it has its downfalls:

You aren’t rewarded for becoming better and faster at what you do

Clients may feel you’re purposefully taking your time on a job so you can earn more

The focus is on the cost of the service rather than the value, which opens you up to

price haggling

20
 FUTURE ENHANCEMENT

This is the embedded plus DIP based so we can make our own algorithm in micro

controller for more security concern. We can use these high level security transfer

system for banking, military and online shopping. We can use the powerful antennas

for longer communication.

21
 LIMITATIONS
The following are some of the factors which put a limit on the growth of a business:

1. Shortage of Labour or Capital:

If increased supplies of trained labour are not available, the growth of a business will

be automatically checked.

In the same way, if fresh capital cannot be raised, expansion stops. But these are not

insurmountable obstacles.

2. Nature of the market: If demand is limited or fluctuating, it will be imprudent

to increase the size of the business. The nature of demand is the most

importantlimitingfactor.Italmostsettlesthematter.Ifindividualtasteshavetobe satisfied,

large-scale production is ruled out.

3. Managerial Capacity: Another serious limitation comes from the capacity of

the manager. A point is reached in the expansion of a business beyond which it is not

possible for the manager to control it efficiently. There is a limit to what a man can

successfully manage. Beyond that point, supervision will become lax, materials will be

wasted and machinery mishandled. Cost will over take profits, and, in the end, the

profits may vanish. The limit is reached when the marginal revenue is equal to the

marginal cost.

4. Nature of the Industry: In some industries, large-scale production is out of the

question. They require close personal supervision, e.g., jewellery-making and tailoring.

Or, there are industries where there is not much scope for the use of

machineryanddivisionoflabour, e.g., agriculture, fruit and vegetable gardening,etc.

Bulky articles like bricks can only be made on a small scale, for it will not pay to carry

them over long distances

22
5. Operation of the Law of Diminishing Returns: It happens sometimes that the

expansion of an industry leads to increasing costs and the returns are less than

proportionate. It will not be wise in such cases to expand the business.

23
 LIMITATIONS OF EXISTING SYSTEM

If problem with credit card you cannot withMraw your money.

 If someone watches or hacks an ATM machine your details may be taken if you

forget your PIN number you cannot use the card. Cannot be provided in rural areas:

In a country like India, where banks are having large number of rural and non-

computerized branches, ATM services cannot be provided. Limitation of cash

withMrawals: Again there is a limitation of cash withMrawals from ATM. For

example, many banks do not permit withMrawal of more than 25,000 at a time. Cash

deposit facility is not safe: Similarly cash deposit facility is restricted and not safe as

Mropping of envelope and ATM is not advisable. Possibility of misusing ATM card:

ATM card, if misplaced, lost or stolen, may be misused. There are number of such

reported incidences now a day. Loss of personal touch with the Banks: Last but not

the least; customers lose personal touch with their bankers.

24
 CONCLUSION

As we all know, these days most of the ATM has been attacked by the robberies. Also

gradual increases the theft of ATM after the year by year. This paper demonstrates

how an automation of “ATM THEFT” prevention from robbery. In today’s modern

world, autonomous systems play an important role in our day to day life. As the social

computerization and automation have Mrastically increased, it can be seen evidently

where the number of ATM centers increases rapidly. Most civilians use ATM’s

regularly. A good example can be a financial transaction, ease of money exchange etc.

So there exists an important factor called security. The crime rates involved in

financial organizations have increased tremendously. Over past few years – “90 % of

crimes in ATM centers in the form of robbery”. This issue poses a serious threat to

both bank management and civilians. Therefore this study proposes a solution to

minimize the ATM robbery in real time by means of embedded systems and GSM

technology. The main motive of this design is to prevent ATM theft. Many real time

incidents around us has been the main motivation of this project.

25
 BIBLIOGRAPHY

1.Steven Holzner,”php complete reference”,First Edition 2007.

2.Timconverse,joyce park.”PHP and MYSQL Bible”,First Edition 2004.

3.Neilsmyth/paylod media”, PHP Essentials”, First Edition 2009.

4.Roggers.pressman.”software engineering”,First Edition 1982.

5.Simon,Collision,”css Mastery”, First Edition 2009. Websites http://www.php.net

http://www.sql.com http://www.w3schools.com http://developer.mozilla.org\

26