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Volume 6 Issue 5

May 2020

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title

AN EFFICIENT IDENTIFICATION SYSTEM OF CURRENCY STATUS IN ATM MACHINE USING IOT

Author(s):

G.Kadirvel

Keywords:

ATM, IoT, e-networking etc.,

Abstract

In recent decade years, the e-networking system plays important role in banking sectors in many ways especially ATM system. ATM or Automated Teller Machines are fast replacing the processing of manual amount transaction directly in bank as a convenient way of drawing money from the banks. In a way ATMs are now rewriting the rules of financial transaction. A person no longer needs to carry a wallet full of paper money on his person. All he needs to do is fish out an ATM card, insert it in the slot, punch in a few details and go home with hard cash. ATMs are the first well known machines to provide electronic access to customers. With the advent of ATMs banks are able to serve their customers outside the banking hall. ATM is designed to perform the most important function of the bank, the money transaction. At the time of Indian money banned such as 500, 1000 Rs, the people has struggled lot against getting the money. The people were searching the money from all teller machines. But they are disappointed due to less or empty of the money from the teller machine and also very complicated for identifying the place of ATM machine which has money. This situation is continuing current time also. Our system is focused towards the identification of the ATM system which has money and status of the currency level also by using internet of things. The IoT is interconnected between ATM networking with subscriber to get know about the status of the money as well as ATM location which has more money.

Other Details

Paper ID: IJSARTV
Published in: Volume : 6, Issue : 5
Publication Date: 5/1/2020

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