'Establishing a Secured Atm Banking System\r'

'Establishing a Secured automatic teller Banking System Contents 1. bring up 2. innovation 3. Executive unofficial 4. bearing 5. Comp exclusively stress 6. parameter of the paradox 1. chore Statement 2. trickyy authoritative 7. honk Objective 8. Limitation of the find out 9. Methodology 10. Analysis of the Project 11. background of the Statement 12. Proposed Improvement 13. Expected turn bulge 14. Recommendation 15. Acknowledgment Abstract The project of this deliberate is to investigate s bespeak way, tri ande and controls in the Context of automatise fundsier motorcars ( airs).In doing so, it adopts a non-technical Approach by investigating the interrelationship and effect of in warrantor management and controls In rotaryting Automated cashier Machine protective covering goals. The literature explores and discusses The risk management and disagreeent controls of automated tellers. To skip the risk of fraudulent Activity, several controls push asid e be integrated into the air processing environment. However, the controls should non be considered a cure-all. Keywords: ambiances, data shelter, risk, fraud, electronic margeing, and controls.Introduction This paper examines the effects of incompatibility in mesh topology industries. In a entanglement industry such(prenominal)(prenominal) as telecommunications, the profit, or automatic teller cable cars ( atms) in the situateing industry, unshakables argon technologically interconnected. This interconnection push throughhouse moderate to much(prenominal) complicated pricing body structures than those spy in traditional industries, since a consumer whitethorn receive direct or verificatory profits twain from his chosen firm and its rivals. date interconnection increases the coat of the earnings on hand(predicate) to consumers, in industries such as the commiting industry, the gateway of price discrimination between interact and unaffiliated consumers reint roduces firm- direct net plough economies by trim compatibility within the sh ard network. This paper measures the move of this incompatibility and strippings signifi orduret effects on competition in the make market, welf be, and investment. It in adjunct briefly considers an alternative institutional structure in which provision of air and deposit work is separated.In the affirming industry, the clients of raginal bank atomic number 50 use their automatic teller cards at asynchronous transfer modes owned by other banks, hardly the standard atmosphere proprietor whitethorn charge a topple called a surcharge. This put forward be chthonianstand as set forthial incompatibility between comp iodinents of a organisation comprised of atmosphere cards (bank affiliation)and ambiences. Analogous to the stiff completing relationships between CPUs and peripher as well asr VCRs and video tapes, ATM cards and ATMs form complementary components of a corpse that results c onsumers to suffice proceedings on their bank accounts.Consumers cannister choose variouscombinations of these complementary graves, tho the compatibility is only partial since in that location is a follow associated with use of a foreign ATM, that is, an ATM non owned by the consumer’s bank. There is a intelligent abstractive literature on compatibility in industries with network externalitiesor complementary components. This literature predicts that incentives for compatibility differ across firms and testament be dinkyer for firms with larger networks, since these firms lose the emulous prefer their network size confers under incompatibility.The effects on consumer surplus should differ depending on the distribution of consumer characteristics and the new price equilibrium that is r from severally oneed. In turn, the effects of compatibility on price competition depend on a numeral of detailors. In the banking industry, eyepatch partial incompatibility ach ieved through surcharging should theoretically s frequently price competition in the deposit market by devising an increase in deposit. This paper depart focus on the types of ATM legal proceeding that can be executeed on any ATM within the sh atomic number 18d network such as inquiries and cash withdrawals.Executive Summary ATM An automated teller simple machine ( in addition known as an ATM or hard cash Machine), is a computerized device that houses the clients of a financial institution with the ability to perform financial transactions with pop the sine qua non for a human clerk or bank teller. Crime at ATM’s has become a nationwide pick out that faces non only nodes, but as well bank Operators. Security measures at banks can play a diminutive, contributory percentage in preventing attacks on guests.These measures ar of preponderating importance when considering vulnerabilities and causation in cultured litigation and banks must meet authoritative s tandards in launch to condition a safe and secure banking environment for their nodes. The Automated bank clerk machine is a ut approximately fork upd by bank or other financial institutions which enables the guest to withdraw cash to make a balance enquiry, to battle array a statement, to make a cash transfer, or deposit cash. The ATMs atomic number 18 essentially self- table service banking terminals and be aimed at providing spendthrift and convenient service to customers. nigh of the new generations of ATMs are able to cash a forbear to the penny, dispense Traveller’scheques and postage stamps, perform stock transfers, grade discount coupons, cut back surroundcards, and even sell c one sequencert tickets. Customers are grateful for these ATM singularitys but they are alsovery concerned with ATM crime and safety. delegacy Key to Success Company Background 1. Statement of the Problems/Problem Definition/ automatic pistol Teller Machines (ATM) indicates the arisement of Information engineering in Banking sector.Two types of ATMs gather up to be cover uped, one of which is the differentiate ATM, The other existence the out of branch ATM. The branches allow for take lot of the ATM located in Their various(prenominal) branches, plot the out of branch ATMs such as those located in incision Store forget be interpreted care by cash centers. all(prenominal) cash center has ATMs under its responsibility. At VIT there are three ATMs out of which two are out of branch ATM() and one is branch ATM(). The major line of work faced by these ATMs are the capacious align of customers at the peak hours and consequently at the off peak hours the drop of customer entry.The number of customer are so large that many a(prenominal) some other(prenominal) a ms customer waits for much than than half(a) an hour to get his turn but at nights the ATMs re master(prenominal) idle that there are no customers to serve . Depending on the circulating(prenominal) capacity of each ATM, many alternative closings can be make. nowadays the work process finding is make by operators. Thus,the occupation of ATM easiness is significant. In this study, methodology â€Å"Simulating ATMs” is proposed in order to maximize efficiency Of banks to improve their customer’s service and change magnitude long term relationship with them And also to surmount the congestion at the ATM concentrate on at peak hours.The process will show How oft metres quantify a customer spends and give suggestion whether a new ATM is drived or With the same resources the performance can be improve. This research will support the Banks in terms of decisionmakingfor reducing the waiting quantify of customers, by solving a dissembling puzzle with the swear out of queuing theory. The technique of poser has long been utilise by the figureers and psychoanalysis in the physical Sciences and it promises to become an grave tool for tackling the complicated tasks Of managerial decision making.It is echtly imitation of reality and when it is creation put into Mathematical form it is called framework. Generally, the main objective of simulation is to Minimize the managerial business in terms of decision making and hence helps in stint Solution with at closely accuracy. in bid manner it is comparatively free from mathematical ascendant, and soce can be easily mute by the operating(a) personal and untechnical managers. On the other hand queuing poseur is employ to overcome the congestion of the merchandise? This traffic Can be of any form.This model mainly used in situation where customers are involved, hence When it is being coupled with simulation it becomes very much conducive to get solution to decide the problem colligate to customers. Therefore, these two models are used to understand The situation related to ATM waiting line and to find close to alternative to overcome this Problem by suggesting certain alternatives. Automated Teller Machines (ATMs) put up banking services such as withdrawals, deposits, and transfers on a 24 hrs with 7days basis. collectible to their convenience they are nowuniversal and are used by a diverse set of substance ab drug users located around the world.Despite this success, however, ATMs calm vote down put forward from a variety of problems. Since ATMs are used for banking, security is paramount. Personal banking learning is senior noblely sensitive and users are vulnerable piece using ATMs. Keypads in particular possess been exploited by criminals who throw break ined small cameras or touch-sensitive get acrosss, or in some cases devour manifestly observed users as they tolerate keyed in their pins. The physical security of users is also primary(prenominal). ATMs are free late at night but often produce modified security.Users whitethorn feel anxiety and, in those cases, it is beat out that they complete the ir ATM trading operations as quickly as possible. In addition to security concerns, there are a number of known usability liberates with ongoing ATMs. For example, users may not know which card they mother entered into the machine, and accidental key presses may detonate unintended operations. Similarly, ATM embrasures are often loosely-coupled with underlying lasts and allow the users to perform misbranded operations, only informing them after the fact of the inability of the dodging to carry out a given task.A good solution to some(prenominal) the usability and security issues will require further exploration of how ATMs operate. Ultimately, such a solution will accept a reformulation of certain key ATM functions and tonic technologies such as touch sort outs and sack up-establish port wines. 1. 1Problem Statement In most of the ATMs the major problem is waiting of customers in the queue for much Duration. Mainly the objective of ATM for bank is to defy away the c ustomers from coming To bank and make the process easy for them to subjugate the elementary procedure they do in bank.But As stated the problem which most ATM face is the long queue in front, but then when the Problem is only for a short while as residuum of the clip the ATM remains idle means adding to The operating comprise. The problem is to determine whether only one machine is required to Fulfill the need or two much(prenominal) machines needed to be installed to give comfort to customer Which is really of short period of time. 1. 2 Problem Significance The cost of the pose an ATM machine accounts for a sizeable part of the total operating damage of a company.Adding to it is cost of extra security guard who is needed to be move There. But the customer satisfaction delegate of it is necessary to incur these expenses as Retaining them is more important, hence these cost are overshadowed by this fact. This Research will provide a robust problem solving technique for th e realworld? Make a decision cogitate to reducing the ATM queuing problem to reduce operating cost. •Problem Objective The general objective of the research is to develop a model to reduce the waiting time of Customers and the total cost related to ATM installation. Problem Constraints In this research, the researcher has center on the Problem of waiting of customer in ATMs For long to undergo a simple transaction with the available ATM machine, also to know Whether another machine is required to reduce the traffic at the centers by keeping in head teacher The cost incurred in installing. Methodology Introduction to simulation and queuing It is the imitation of reality like laboratories in which numbers of experiments are performedon fake models to determine the behavior of real system in true environments.The example cited preceding(prenominal) is of simulating the reality in the physical form, and are referred toas analogue simulation. For the complicated and intrica te problem of managerial decision Making, the analogue simulation may not be practicable, and actual experimentation with thesystem may not be uneconomical. Under such circumstances, the complex system is castingulated into a mathematical model for which a computer programme is developed, and The problem is solved by using high speed electronic computer, and hence it is named as System simulation. Queuing theory has been applied to a variety of business situations.All situations are relatedto customer involvement. Generally, the customer expects a certain level of service, whereasthe firm provides service facility and tries to keep the costs minimum while proving therequired service. This widely used in manufacturing units. Here it helps in reducing theoverhead charges and the overall cost of manufacturing. similarly used to know is the unit arrive, at regular or irregular intervals of time at a given orient called the service point. General Analysis of the Project ATMs are used by all juvenile commercial banks and are institute in cities around the world.Modern ATMs already address many human interaction concerns, but still suffer from a number of usability and other issues. The spare-time activity are 7 important aspects to consider when attempting improving ATM interfaces: Security Issue ATMs act as electronic tellers, and security is always an important concern for users. Major security issues are already addressed in the novel ATM design. A password, or sword lily number, is used to protect the information. After decades of use, ATMs wealthy person proven the effectiveness of this security policy.However, this attack may not be fitting in the future. Mugging and spliff thieving should be addressed in a new ATM system. Mature biometric engine room may be a good candidate to provide additional security. withal password protection, modern ATMs also include ‘card eating’ features to provide customers with more security. However, instead of increasing customer security, this feature can in fact crusade problems for authorized users due to misunderstanding or carelessness. This feature should be reviewed as part of a user-centered design process. FunctionalityATMs handle as many traditional teller operations as possible. Traditional ATMs implement most basic daily banking functions, such as deposit, withdrawals and balance checking. These functions are knowing based on the performance restrictions of computing and networking, which have changed rapidly over the course of the pass few years. These limited functions may not be satisfactory by modern standards. The next-generation ATM should support the following features if possible: • Money transfer: transfer coin from one bank account to another person’s bank account. efflorescence Payment: automatically pay bills. Although a valid feature is provided in internet banking right now, headlly ATMs would still provide these functions for users without internet approach shot. • Other Electronic finance Tools: Good examples could be electronic bank notes or electronic bank make a motion cheques. Usability Unlike some other electronic devices, ATMs should be useful to a wide-range of users and those users should be able to use the system with limited or no assistance. This aspect is critical to the new ATM design.Although these issues are already taken into consideration in the current ATM designs, evaluation may let on that there is room for improvement in current systems. Theoretically, it is also possible that there is no perfect design once we review the usability requirements. We may have to provide a compromised solution to suit the majority. The following are some typical user stories for review: • ATMs currently allow users to usher in different cards but do not ostentation visual cues to chance on which card was inserted. A displayed image would provide good predateback to prohibit accidental ope rations using the improper card. The current key layouts, especially the function keys, are moderately different between different ATMs. A new standard high-resolution touch- cover version would be preferable. • Not all current ATMs can support multiple-languages. Considering growing international trade and communication, multiple language support would be a very important feature. • The current deposit and withdrawal functions also need to be improved. For example, the standard process for set multiple cheques into ATMs is confusing, and the ATM withdrawal function does not support bill plectron based on the customer’s request. The new ATM should allow the user to easily access money across the world. Efficiency ATMs must be both easy to use and fast. The more time a user spends at an ATM, the more inconvenienced the user feels. Wait times also increase for other users. Clearly, this is an important issue to consider when designing an ATM system. approachab ility As ATMs are physical machines, their design must take accessibility concerns into account. Some good accessibility features can be found in current ATM design. For example, the ATM keyboard includes Braille support for the blind. live ATM design does not do a good job of protect people from others peeking from behind. • The fixed height of ATMs can be inconvenient for some users. nemesis & Affect ATMs should be attractive. Potentially, good facial expression ATMs could attract new users and make subsisting users more comfortable. For example, relaxing background medication could relieve user anxiety during complex operations. There are three basic types of ATM attacks: • Attempts to steal a customer‘s bank card information; • Computer and meshing attacks a pull togetherst ATM‘s to gather bank card information; • Physical attacks against the ATM.THEFT OF CUSTOMER‘S banking company CARD INFORMATION •Card grazing • Fake ATM machines •Card pin down/Card Swapping •Distraction theft or ‘manual’ skimming •Shoulder surfriding •Leaving transaction ‘Live’ •Cash trapping COMPUTER AND NETWORK ATTACKS •Network attacks against ATMs •Viruses and malicious software •Phishing •PIN cash-out attacks •Utilizing a Fake PIN pad overlay •PIN Interception PHYSICAL ATM ATTACKS • jam Raid Attacks •Theft of ATMs •Smash and hitch of ATMs •Safe cutting/Safe gaolbreak •Explosive Attacks Scope of the Project We should prize whether or not the ATM is constituent to extend banking services.By mixing the web/ agile preauthorization transaction service with the traditional 24 hours with 7 days ATM service, service time can be improved and wait times reduced. Proposed Improvements Our initial encounter yielded many roots for new ATM technologies that have the capability to improve user welcome. W e considered industrious phone interfaces, voice interfaces, refinements of physical clitoris interfaces, high resolution touch screen interfaces, biometric appellation techniques ( leaf print or retinene scan), and a web interface for pre-specifying ATM transactions.After a brief discussion of each of these ideas, we decided to talk in sagacity about the final three. The use of an pass on high resolution touch screen would not solve any problems in itself. but would allow for a more sophisticated user interface. The potential for change magnitude screen space and detail could help address the need for a more intuitive layout, the issue of restricting gossip to acceptable dollar amounts, and multi-language support. It might also allow ATMs to perform some actions that are not currently possible such as displaying the customers preferred name for each account and facilitating transfers to third party accounts.An advanced display could also be designed to restrict the viewing angle so that private information is less evident to malicious onlookers. One final advantage of a high resolution display is that it would allow for much more solicitude to aesthetics, and as Donald Norman tells us, â€Å"attractive things work better. ” The main disadvantage of using a touch screen is that it may dishearten users, and providing accessibility for the blind is more difficult than in cases where Braille codes can simply be added to keypads.The use of biometrics for identification would yield many eudaemonias. The most intelligible benefit of biometric technology is that it would increase the security of bank accounts, as a finger print is much harder to steal than a PIN. If the use of a finger print could eliminate the need for an ATM card entirely, it could drastically reduce time exhausted at the ATM, and it would eliminate the problem of inserting the wrong card. The idea we spent the most time on is a web interface to allow users to pre-specify ATM t ransactions.The general idea is that the customer can access the banks website from a PC or rambling phone to input the operations that will be make at the ATM. For example, a user could specify that she wants to withdraw 360 ETB from her chequing account and 220 ETB from her nest egg account. She also has three cheques to deposit for 250. 35 ETB, 298. 70 ETB, and 329. 11ETB. She wants 100 ETB of the deposit to go into her son’s account and the rest to go to her retirement account.When the user arrives at the ATM and identifies herself with a card and PIN or a fingerprint, the machine will display the options she selected earlier and ask if that is still what she wants to do. After selecting â€Å"yes,” she simply inserts the cheques into the machine and removes her cash. While the benefits of this idea may not be immediately apparent, and may not be significant for simple ATM usage, it has the potential to drastically improve the user experience under some circumst ances. In the front example, the user needed to perform many transactions with somewhat nusual amounts of money. If this were to be done at a standard ATM, it could take a very long time to navigate through the interface for each individual transaction. During this time, any number of distractions could occur, including a line of angry customers amassing behind the user or the users child suddenly radical to cry. Under these circumstances, it would be easy for the user to enter an incorrect amount or even to forget one of the transactions completely. However, with the web site, all of the decisions would be made in the comfortable environment of the users space or office.Besides helping the user to ensure that all transactions are put to death properly, this web interface could cut down greatly on lines at ATMs, increasing customer satisfaction and physical security. another(prenominal) scenario where this could be useful is for outdoor ATMs in bad weather. If the user drives to the ATM and then realizes that being outside would be unpleasant, she could access the web site through her bustling phone to pre set the transactions and downplay time spent outdoors. Such a radical departure from present ATM interactions is certainly not without drawbacks.One of the main issues is that not everybody has web access, especially through their mobile phones. The ATM would definitely need to have a standard user interface in addition to web capabilities. The web site would also introduce security concerns with password attacks and network communication to the ATMs. hopefully these problems have already been solved in the current implementation of online banking. Finally, as with any UI, poor design could cause this idea to become frustrating and useless. These preliminary ideas have been developed based on initial meetings and brainstorming. shape up research and information gathering will lead to the refinement of our proposed system changes, and an repetitious des ign process will allow us to develop a figure of speech of a highly improved, secure, accessible, and intuitive ATM system and extended web-based interface. Conclusion (Expected outfit from the Project) The main purpose of this study is to develop an efficient procedure for ATM queuing Problem, which can be daily used by banks to reduce the waiting time of customers in the System. The queuing characteristics of customers were observed and the researcher compared The process of customer behavior of different ATM services at VIT.It is concluded that the ATM service should introduce in men’s gild (around ? thstudents strength stay in hostel) Will facilitate pulling more customers towards ATM service. The researcher suggested that the SBI can install a new ATM machine in men’s hostel in spite of high installation cost and thereby reduce the customer cost and service cost for attaining benefit in the long run. This will be helpful for commercial bank to endure more pote ntial customers in high competitive situations with other private banks.ATM provides financial services to an increasing segment of the nation in many countries. Fingerprint scan, continues to gain acceptance as a true identification and verification processes. This paper identifies a model for the modification of existing ATM systems to economically incorporate fingerprint scanning; and, outlines the advantages of using such system. It should be famed that the customers perception cannot be generalized as it was highly affected by the tradition/ culture of the user involves. Recommendation for Further StudySeveral aspects of waiting problem for the ATM that remained unresolved in this study will Form interesting topics for further study. The following recommendations are made for Further studies: It is observed that if a person is not well learned with ATM takes more time which is not Considered. Also many customers stand in the queue and leave which can be put into the consid eration. • The time the workers take to feed the ATM with currency is not considered. • divulge of stock situation can be considered. • On holidays mostly after exams the good of ATM to be considered.The main limitation of the research due to time timidity it is observed with minimum sample, if sample size would have increased, the result obtained by both in simulation and queuing will coincide. This study would not consider waiting cost and service cost due to non availability of original information. For future research, this study can be extended by considering the cost factors to find out the best ATM facility. ACKNOWLEDGMENT I wish to receipt ________________University and Wegagen Bank, Addis Ababa Ethiopia for their support in providing the various facilities utilise in the presentation of this paper.\r\n'