A New Business Model for Atm Transaction Security Using Fingerprint Recognition

Money transactions play a vital role in the nature of trade. Today, ATMs and Credit cards are used for this purpose, the authentication of these transactions are unsecure. To overcome this shortcoming of piracy in money transactions, the author proposes the idea of using fingerprints of customers as password in place of traditional pin number. Here, if the fingerprint is recognized, then it allows transaction. This model has an additional feature i.e., a reference fingerprint of the nominee or a close family member of the customer can be used if the customer is not available in case of emergencies. This proposed business model helps the society, mainly the rural people, by enhancing the security using Fingerprint recognition in Digital image processing. As the fingerprint of every person is unique and unchangeable, this biometric feature is used over the others.