Design and Development of Virtual Banking Using Internet of Things
J. Krishna Chaithanya, Nelanti Donesh, S. Chakri Sreedhar, Namani Sai Teja, K. Sai Alekya · 2021
This paper is to present a cashless payment system that is mainly based on the fingerprint. The main motto of the project is to complete a transaction without using debit cards or cash. Because nowadays many unauthorized transactions are taking place due to this, anyone can drain the money in your account. Many banks are also trying to keep the security at a higher level. To accomplish a higher security, this research work uses a fingerprint technology, which can be different for every citizen. Finger print device is more flexible to use, and it is a low-cost device and reliable. By this device, a user can have a chance not to carry any cards or cash for any payments. Many are frustrated by remembering many passwords. The proposed research work can eradicate the problem with this device. Using this technology, the number of fraud transactions can be reduced. The user can get an alert whenever a transaction has been done whether it is successful or not. If any person enters the wrong password for more than three times, the image of the particular person who is performing the particular transaction will be captured and an email consisting of that captured photo will be sent to the registered mail. This device also consists of the speaker, which will be intimate on the successful completion of the transaction.