Virtual ATM: A Low Cost Secured Alternative to Conventional Mobile Banking
DOI:
https://doi.org/10.3991/ijim.v9i2.4314Keywords:
Agent assisted Banking, Electronic Banking, Mobile Banking, Secured BankingAbstract
Mobile banking has become immensely popular among customers as a suitable method for money transaction. Banks are assertively adopting this mode. It is playing a vital role in availing banking services in remote areas where placing branch or ATM booth is not economically feasible. Mobile banking is so far the easiest way of expanding banking coverage. But there is huge possibility of fraud in case of mobile banking as authentication & all type of transaction information is provided via mobile phone including pin. So mobile banking is not intended to be used for big transactions where ATM transactions are suitable because of its two layer authentication system. In this paper, a new system is introduced that provides ATM service without traditional booths but two layer authentications with a tiny OS independent device has been introduced named VATM. This paper discusses how this system works using a low cost device made of micro-controller & CDMA module for communicating with bank for authentication which is used as an alternate of Automated teller machine for providing two layer authentications.
Downloads
Published
How to Cite
Issue
Section
License
The submitting author warrants that the submission is original and that she/he is the author of the submission together with the named co-authors; to the extend the submission incorporates text passages, figures, data or other material from the work of others, the submitting author has obtained any necessary permission.
Articles in this journal are published under the Creative Commons Attribution Licence (CC-BY What does this mean?). This is to get more legal certainty about what readers can do with published articles, and thus a wider dissemination and archiving, which in turn makes publishing with this journal more valuable for you, the authors.
By submitting an article the author grants to this journal the non-exclusive right to publish it. The author retains the copyright and the publishing rights for his article without any restrictions.
This journal has been awarded the SPARC Europe Seal for Open Access Journals (What's this?)