NFC FEATURED THREE LEVEL ATM SECURITY

Abstract

An ATM (Automatic teller machine) has been operational since 1966. Since then this machine has been successfully installed in about 3.5 million cities worldwide. The flexibility of using credits and debits card anywhere has become an advantageous facility has become a common platform for cyber crimes. Another problem with this process is blocking of cards in case of lost or misuse, for which customer has to wait for long time throughout interaction with customer care services. This paper presents a possible solution to reduce the complexities caused in this process as stated. Using three level authentication with NFC (near field communication), and a dash matrix algorithm which generates OTP to overcome the transaction liabilities. The add on feature of this method is blocking of card with least time. By implementing QR code through quick response authentication scheme. NFC technology works with both NFC enabled or non NFC phones via transmitter, receiver and a Bluetooth. This proposed system is user friendly and also ensure security.