THIRD GENERATION ATM USING IRIS MODULE AND GSM MODULE

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Name of Innovation::

Name of Innovation: Team/ Individual Name: I’BLAZE Members of the Team:N.Dhivya , R.Elango, J.Kathirvel, B.Mithunchakaravarthi . Name of College and City:Karpagam college of engineering, Coimbatore. Course of specialization:Electronics and Instrumentation Engineering. Year/ Batch:IV/2010-2014 College ID: kceplacement@gmail.com Name of the Professor/ Placement officer involved in this project:Mr.S.Azarudeen

Choose the stage of Innovation you’ve submitted::

Choose the stage of Innovation you’ve submitted: My idea for innovation is in public services for increasing the security in ATM transactions by using two step authentication. And my innovative topic name is THIRD GENERATION ATM USING IRIS MODULE AND GSM MODULE Idea Prototype Established Scaling

The Innovation:

The Innovation Chosen industry : Public Services Chosen technologies: Mobility Objective: To enhance the security in the ATM. Approach: To create revolution in the ATM. Description: In my innovation ,ATM will accessed by two steps of security process that is by using the GSM and IRIS recognition. Before that the entire information of IRIS diameter and GSM number of particular person will be uploaded in the bank database so that if the user use the ATM, compare that user IRIS diameter and GSM number with the database. And then it will allow access to the ATM. If the user gives the wrong information, it will deny the further process.

Compelling need for the innovation:

Compelling need for the innovation We can prevent the unauthorized person to access the ATM

Impact:

Impact By implementing this innovation, we can prevent from the illegal access of the ATM, So that the standard of the ATM will be increased by confidential security. Normally if the user lost the credit card he can’t access the ATM but in this the authorized person can access the ATM with the help of GSM & IRIS technology…. So that the improper usage of ATM by unauthorized person can be prevented..

Implementation:

Implementation This is just an idea which is not implemented. In future if this idea is implemented in the banking sector then it will become a successful process.

The Competitive Advantage:

The Competitive Advantage The main advantages of this innovation is that User friendly Unauthorized authentication of one’s personal credit card without his knowledge will be avoided. Transparency in banking system. This innovation leads to further development in this type and this will enhance the protection. Modernization is possible as further technology improves. As this is the most secure way of banking, we can rely on this system. If this is implemented then the need for more innovations on the banking sector will rise and development is for sure in the days to come.

Thank You:

Thank You

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