AUTOMATED TELLER MACHINE COMMUNICATION SECURITY AND RELIABILITY

📄 Project Abstract

An automated teller machine (ATM) is a computerized telecommunications device that provides the clients of a financial institution with access to financial transactions in a public space without the need for a cashier, human clerk or bank teller. On most modern ATMs, the customer is identified by inserting a plastic ATM card with a magnetic stripe or a plastic smart card with a chip that contains a unique card number and some security information. Authentication is provided by the customer entering a personal identification number (PIN). Using an ATM, customers can access their bank accounts in order to make cash withdrawals and check their account balances as well as purchase cell phone prepaid credit. ATMs are known by various other names including automated transaction machine, automated banking machine, cash point (in Britain), money machine, bank machine, cash machine, hole-in-the-wall, bancomat (in various countries in Europe and Russia), etc. Most ATMs are connected to interbank...