Authenticated Access of ATM Cards

Abstract

Due to the rise and rapid growth of E commerce the use ATM cards has drastically increased which caused an explosion in the ATM card frauds. In real life fraudulent transaction are scattered with genuine transactions Hence simple pattern matching techniques, for instance Personal Identification Number(PIN) are not enough to detect these frauds accurately. Implementation of efficient fraud detection system has become imperative to reduce people loss. Our project aims to prevent the use of ATM cards without the authorization of owner or card holder. At present the card can be accessed if the PIN is known. The amount withdrawn or transferred is notified by the card holder only after complete transaction .Hence the process can't be retrieved. But the project intimates the card owner before the transaction begins even if the PIN is known. This is limited only to card transaction and not to online mode. Hence the verification can be extended to online process.