08-10-2016, 04:20 PM
1458486087-finalproject.docx (Size: 229.96 KB / Downloads: 8)
Abstract:
Present day, ATM system provides the way of accessing multiple bank accounts using a single ATM card.However, this idea of MULTI BANKING can be done for a particular number of times, failing which a certain amount of transaction fee is detected from the user’s account. To solve this problem, a new system is proposed in which, the user can perform multi banking using a SMART CARD. The idea behind this work is to combine the user’s multiple bank details in a single SMART CARD, so that the user need not carry more cards with him/her and also eliminates the complication of handling passwords. The transactions can be made both in ATMs as well as online. For online transactions, the system of code called QR code is used to retrieve user details. For security, a pin password with an encryption and decryption process is used during the card authentication time. A user is registered with multiple banks by a registration process after which the details are fed to the card and made available to the user. The physical construction of the card enhances security. Thus, instead of ATM card we use SMART CARDmade from 12 differentmaterials with embedded computer chip that adds to security and large amount of data storage on a single card.
Introduction:
This Paper gives a overview of basics of smart card and its application and how it is used in various sectors.It also deals with security algorithm during encryption and decryption of data's. This Paper tells us that why Smart Card is preferred for banking system than other type cards. A Smart card is type of chip card embedded with computer chip that stores and transacts data between users.Smart cards greatly convenience and security of any transaction. Smart cards systems have proven to be more reliable than other machine-readable cards.
Literature Survey:
In 1987, Turkey implemented the first smart card driver's license system. Since 1987, the professional driver's licenses in Turkey have been issued as smart cards.
In 1990 the European Union conducted a feasibility study through BEVAC Consulting Engineers, titled "Feasibility study with respect to a European electronic drivers license (based on a smart-card) on behalf of Directorate General VII". In this study, chapter seven describes Turkey's experience.
In 1999 Gujarat was the first Indian state to introduce a smart card license system. As of 2005, it has issued 5 million smart card driving licenses to its people.
In 2002, the Estonian government started to issue smart cards named ID kaart as primary identification for citizens to replace the usual passport in domestic and EU use. As of 2010 about 1 million smart cards have been issued (total population is about 1.3 million) and they are widely used in internet banking, buying public transport tickets, authorization on various websites etc.
By the start of 2009 the entire population of Spain and Belgium became eID cards that are used for identification.
On August 14, 2012, the ID cards in Pakistanwere replaced. The. The card has over 36 physical security features and has the latest encryption codes. This smart card replaced the NICOP (the ID card for overseas Pakistani).
Existing System:
An ATM device allows a bank’s customers to make cash withdrawals and check their account balances without the need or human teller. In most modern ATMs, the customer identifies him or herself by inserting a plastic card with magnetic strip .The customer then verifies his or her identity by entering a passcode (i.e.) Personal identification number (PIN) of four digits. There is a limitation in transaction for the other bank customers in using the ATM of some other bank crossing the limit they have to pay transaction fees.
Proposed System:
The idea behind this smart card is that the customers can use a single smart card to operate different bank accounts instead of having individual card for each bank account and maintaining their pin’s, carrying the cards safely which is a tedious process at present scenario. The technology behind the product of the service is that adding all the user bank accounts to a universal smartcard.In this the user swipes his/her smart card in the ATM machine, it requests for authentication on the server side.During this, the data of the user are encrypted anddecrypted. Once the user is authenticated, then it displays the list of all banks that the user is having account. Now the user can select the bankfrom which he/she is willing to perform transaction. After selecting the bank the request is sent to the corresponding bank through a network and links it with the banks server for accessing the database of the user or customer so that the transaction is processed.
SMART CARD:
WHAT IS A SMART CARD?
A smart card is a plastic card with a built-in microprocessor that can be loaded with data
• SMART CARD CONSTRUCTION:
Mostly, all chip cards are built from layers of differentmaterials or substrates, that when brought together properly gives the card a specific life and functionality. The typical card today is made from PVC, Polyester or Polycarbonate. The card layers are printed first and then laminated in a large press.
The next step in construction is the blanking or die cutting. This is followed by embedding a chip and then adding data to the card. In all, there may be up to 30 steps in constructing a card.
The total components, including software and plastics, may be as many as 12 separate items; all this in a unified package that appears to the user as a simple device and a secured one. The smart card is linked to the terminal using three layers namely , Application layer, Transmission layer and Physical layer.
SMART CARD- TYPES:
• Contact cards:
The contact cards need to be in physical contact with the card reader in order for information to be exchanged. The integrated circuits on the chip are connected to a contact plate (typically a gold plate) on the surface of the card. Contact cards make up 91.92% of the total smart card.
• Contactless Cards:
Contact-less smart card contain an embedded antenna, instead of contact pads attached to the chip, for reading and writing information contained in the chip’s memory. Contact-less cards do not have to be inserted into card acceptor device.
Implementation:
The initial process for the proposed system is that the user needs to enter all his/her details including multiple bank account details such as account number, bank name, branch name etc., and the personal information includesname, address, phone number, and so are entered. Once the user is registered, the user is provided with the QR code for online transactions such as cash withdrawal deposit, balance enquiry and money transfer. The user can even change their pin via online.
Then the user’s multiple bank details are loaded into the memory of the microprocessor in the card and made available to the user using a unique PIN for authentication. In order to perform multi banking in ATM, the smart card of type contact or contactless can be used. For a contactless smart card, a simple software or driver is installed in the frontend of the ATM without changing its architecture. Then the user inserts the card into the reader for authentication. Once the user is authenticated, his/her bank details are fetched from the card and transactions are performed through ATM. The user can select the bank from the list of banks through which he/she wants to perform an transaction.
Benefits of Proposed System:
The use of smart card technology in the banking sector represents a smart first step to preserving and protecting individual privacy while achieving secure, strong identity verification. The system must protect each individual information at all times, including while the information is being stored and while it is being used. Smart cards are credit card- sized, often made of flexible plastic and are embedded with a micro module containing a single silicon integrated circuit chip with memory and microprocessor.
Advantages Of Smart Card:
The capacity provided by the on-board microprocessor and data capacity for highly secure, off-line processing.
Adherence to international standards, ensuring multiple vendor sources and competitive prices.
Established track record in real world applications.
Durability and long expected life span.
Conclusion:
The user can perform various transactions from the user’s various accounts using the single SMART CARD. Here neither the user need to remember the various PIN’s of the different accounts nor the user has to carry the different cards for the respective accounts. The smart card enhances the security to the proposed system.