Cardless Cash Access Using Biometric ATM Security System

Cardless cash Biometric ATM System enables cash withdrawal at an ATM without using the existing magnetic swipe cards which makes it possible to quickly authorize a person to withdraw money. Biometric Automatic Teller Machine (BioATMs) seems to be an effective way of preventing card usage and is also a channel to expand our reach to rural and illiterate masses. These BioATMs can talk to the people in their native languages and provides high security in authentication which prevents service users from unauthorized access. In this model, the user is required to authenticate himself with a two phase security solution by first providing an individual's biometric identification (Thumb/Fingerprint/Iris etc.), followed by Personal Identification Number (PIN), and select the bank branch from the displayed list if applicable. This system also provides an alternative approach to access cash via an OTP (One Time Password) generation on user's cellphone in case of loss of PIN. It saves time, cost and efforts compared with existing card based ATMs thereby eliminating environmental problem of disposing plastic waste. It also reduces the user's dependency on bank officials in sending money to distant relatives at home and abroad.