S. S.

Education Trust’s CET Code: E-175 (UG)/T-942 (PG)

S. G. BALEKUNDRI INSTITUTE OF TECHNOLOGY

Shivabasavanagar, Belagavi- 590 010, Karnataka- India
• Approved by AICTE New Delhi • Recognised by Govt. of Karnataka • Affiliated to V T U, Belagavi
An ISO 21001:2018 Department of Electronics & Communication Engineering Accredited by NBA, New Delhi
certified institution Email: hod-ec@sgbit.edu.in, Dept. Extn.: 520

Mini-Project Presentation
On
SMART ATM CARD FOR MULTIPLE BANK ACCOUNTS
USING RFID
Name of the Student University SeatNumber
Amruta Shankar Kesaragoppa 2BU22ECO10
Anupriya Manohar Doddannavar 2BU22ECO13
Group
No. 03 Anusha Annigeri 2BU22ECO14
Dodavva Shrishail Kavalapur 2BU22ECO33
Under the Guidance of
Prof. Shridevi B
Assistant Professor, Dept. of E&CE
S. G. Balekundri Institute of Technology, Belagavi-10

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 Contents

❑ Introduction
❑ Literature Survey
❑ Problem Statement
❑ Objectives
❑ Proposed Methodology
❑ Expected Outcome
❑ References

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 Introduction

• An automated teller machine (ATM) is an electronic banking outlet that allows

customers to complete basic transactions without the aid of a branch representative
or teller.
• Anyone with a credit card or debit card can access cash at most ATMs. ATMs are
convenient, allowing consumers to perform quick self-service transactions such as
deposits, cash withdrawals, bill payments, and transfers between accounts.
• Fees are commonly charged for cash withdrawals by the bank where the account is
located, by the operator of the ATM, or by both.
• Some or all of these fees can be avoided by using an ATM operated directly by the
bank that holds the account.

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 Literature Survey

S.N Authors Title of Paper Methodology Limitations

01 Venka Reddy “Advanced Is Advanced Security 1 .Limited
Maram, Mirza Security Management System for scope
Sajid Ali Baig, Management ATM's using GSM and MEMS. 2 .Lack of real-
Narsappa Reddy System for The theft movement is world testing
ATM's using observed by the MEMS 3 .Potential for
GSM and sensor and sends a request to false positives
MEMS” the microcontroller which will 4 .Dependence
automatically lock the door, on GSM
represented with the help of network
DC motor and send a
message through GSM. A
buzzer sound is produced to
alert the security. The door
will be unlocked with the
switch which is present
outside the room
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S.N Authors Title of Paper Methodology Limitations
02 Moturi “Implementation Is Implementation of bank 1. Limited
Phalguna of Bank Security security system using GSM Scope
Satishi, Bala System using and IOT. Here, when any 2. Security
Kishore GSM and disturbance takes place for Vulnerabilitie
Internet of the ATM then data is sent s
Things” through IoT and door is 3. Scalability
automatically closed. Then Issues
an alert is sent to the 4. Lack of real-
surrounding area using world scenari
buzzer, at the same time os testing
total data will be uploaded
in web page using IoT and
puts alert message to the
concerned person

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S.N Authors Title of Paper Methodology Limitations
03 Sudhakar ATM Security Automated Teller Machine now a 1 . Limited
Hallur,Manju using GSM days are extensively used all over Scope
nath Bajantri, technology. the world for the withdrawal of 2 . Data
Sagar cash. A unique card is issued for Limitations
each user along with the unique 3.Methodolog
code provided to him so as to the y Limitations
person may do all his transactions 4.Generalizabil
personally without anyone getting ity
known. Since transactions are
extensively secure there is no much
more security required but in
countries like India it’s very
necessary to have a physicalsecurity
to the machine. A provision to give
physical security to the machine is
being discussed over here in this
11/4/2024 paper presented
Project Title over here. 6
 Problem Statement

1. Security Risks :
- Increased risk of unauthorized access if card or PIN is compromised.
- Card retention after multiple incorrect PIN entries could inconvenience legitimate
users .
2. Transaction Limits and Fees :
- Users often face fees or limits when using ATMs from other banks.
- Lack of transparency on transaction fees may lead to unexpected charges.
3. User Experience Issues :
- ATM navigation can be complex for users unfamiliar with digital transactions.
- Language barriers and unclear instructions can hinder accessibility.
- Limited functionality at some ATMs (e.g., not all accept deposits or transfers).
4 . Data Privacy and Security :
- Risks associated with data storage and transfer between ATMs and banks.
- Potential exposure of sensitive user information in case of breaches.
- Users lack control over personal data shared with third-party ATMs.

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 Objectives

1. Enable Multi-Account Access: Develop a smart card that securely links multiple bank
accounts, allowing users to access multiple accounts from one card.

2. Enhance Security Measures: Integrate advanced security features (e.g., biometric

authentication, two-factor authentication, encryption) to protect user information and
prevent unauthorized access

3. Improve User Convenience: Simplify access to multiple accounts at any ATM,

eliminating the need to carry multiple cards for different banks.

4. Reduce Transaction Fees: Reduce or waive transaction fees by consolidating services

into a single smart card that can interact with multiple banks' ATMs efficiently

5. Promote Financial Literacy: Integrate features that help users manage finances
effectively, such as displaying account balances and providing transaction summaries across
linked accounts.
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 Proposed Methodology

• RFID-based card: The card has a unique number and replaces the magnetic strip-based
ATM card.
• Arduino MEGA microcontroller: Processes data from the sensor.
• Fingerprint module: Authenticates the user.
• Formula-based authentication: Generates an OTP using alphabets and operators.
• Biometric authentication: Uses the user's fingerprint for each transaction.

1. Insert the smart card into the ATM.

2. The ATM requests authentication from the server .
3. After authentication, the ATM displays a list of the user's banks .
4. The user selects the bank for the transaction .
5. The request is sent to the corresponding bank through a network
6. The bank's server is linked to access the user's database .
7. The transaction is processed .

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 Advantages

Enhanced Convenience:
Users can access multiple bank accounts with a single card, eliminating the need to carry
multiple cards for different accounts.

Improved Security:
Advanced security features like biometrics, PIN protection, and encryption make it harder
for unauthorized users to access accounts.

Cost Savings:
Minimizes or eliminates transaction fees by streamlining multiple accounts onto one card,
especially when using ATMs of different banks

Enhanced User Experience:

Personalized options, such as custom withdrawal limits and account preferences, offer a
more user-friendly experience.

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 Applications

Multi-Account Management:
Allows users to link and access multiple bank accounts with a single card, simplifying
account management for those with accounts across different banks.

Enhanced Security in Financial Transactions:

Provides a more secure alternative to traditional ATM cards, leveraging biometrics, PIN, and
encryption to protect against unauthorized access and fraud.

Streamlined ATM and POS Transactions:

Enables seamless access to multiple accounts at ATMs and Point of Sale (POS) terminals,
making it easier for users to choose which account to use during a transaction.

Enhanced Customer Experience in Banking:

Provides a more convenient banking experience by consolidating multiple services into one
card, improving customer satisfaction.

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 Expected Outcome

Streamlined Multi-Account Access:

Users can access multiple bank accounts through a single smart ATM card, reducing the
need for multiple cards and simplifying wallet management

Enhanced Security and Fraud Prevention:

Increased protection against unauthorized access through multi-layered security features
(e.g., biometrics, two-factor authentication, encryption).

Cost Savings for Users:

Reduced transaction fees when using ATMs of various banks, as the smart card
consolidates multiple accounts into one access point.

Increased Compatibility and Interoperability:

Smart card works seamlessly across different ATMs, enhancing usability across different
banking systems and networks, both domestically and internationally.

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 References

1. Venka Reddy Maram, Mirza SajidAli Baig, Narasappa Reddy “Advanced Security
Management System for ATM’s using GSM and MEMS”, (IJI Tech) International
Journal of innovative Technologies, ISSN 2321-8665 Vol.03, Issue.03, July-2015.

2. Moturi Phalguna Satish, Bala Kishore.G, “Implementation of Bank Security System

using GSM and Internet of Things”, International Journal of Advanced Technology
and Innovative Research, ISSN2348– 2370 Vol.09, Issue.09, August-2017.

3. Sudhakar Hallur, Manjunath Bajantri, Sagar Santaji, “International Research Journal

of Engineering and Technology (IRJEFT)”, e-ISSN:2395-0056, p-ISSN:2395-0072,
Volume:05, Issue:06, June-2018.

4. Aman Kumar, “Advance Security System for ATM”, International Journal of Scientific
Research Engineering & Technology (IJSRET), ISSN 2278 – 0882 Volume 4, Issue 4,
April 2015

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