New generation ATM terminal services
Srivatsan Sridharan, Kausal Malladi · 2016
This paper aims at realization of the Automated Teller Machine network all around the globe using IPv6, thereby reducing the complexity and total number of transactions involved in the entire process of cash withdrawal. But the major challenge involved in connecting ATM network to public domain is the security. A Near-Field Communication (NFC) is proposed to be used where in the user, after inserting ATM Card, would communicate via only their NFC enabled mobile phones. Reserving NFC spectrum band to the government is proposed to be made mandatory for ensuring no eavesdropping. The proposed technique would help in achieving a unified interface for ATM terminals among all the financial institutions. A prior establishment of session is made between a trusted third party application and the ATM terminals, wherein the ATM card is checked for its validity and after this validation, session is established between the ATM terminal and the financial institution's server. Then server sends registered mobile number of the swiped ATM card to the terminal, wherein the terminal invokes NFC with that mobile number. Thereafter all the communication is between mobile and the server via the ATM terminals ensuring authenticity and confidentiality. Using this technique, an ATM terminal can connect to any bank server in the world, directly, reducing huge network traffic and providing scope to include other non-financial services as offerings.