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A Single Integrated ATM Card Model for Efficient Financial Transactions

Adekunle Adeyelu, Innocent Ogwuche, Tivlumun Ge. Published in Information Sciences.

Communications on Applied Electronics
Year of Publication: 2017
Publisher: Foundation of Computer Science (FCS), NY, USA
Authors: Adekunle Adeyelu, Innocent Ogwuche, Tivlumun Ge

Adekunle Adeyelu, Innocent Ogwuche and Tivlumun Ge. A Single Integrated ATM Card Model for Efficient Financial Transactions. Communications on Applied Electronics 6(6):1-4, January 2017. BibTeX

	author = {Adekunle Adeyelu and Innocent Ogwuche and Tivlumun Ge},
	title = {A Single Integrated ATM Card Model for Efficient Financial Transactions},
	journal = {Communications on Applied Electronics},
	issue_date = {January 2017},
	volume = {6},
	number = {6},
	month = {Jan},
	year = {2017},
	issn = {2394-4714},
	pages = {1-4},
	numpages = {4},
	url = {},
	doi = {10.5120/cae2017652457},
	publisher = {Foundation of Computer Science (FCS), NY, USA},
	address = {New York, USA}


In this work a model that integrates all the accounts statements and transactions of a client into a single Automated Teller Machine (ATM) access card was developed. This was with a view to address the challenges of the multiple cards carried by ATM card users operating accounts with different banks. The model harnessed the accounts of the customers using the Bank Verification Number (BVN), a unique identification code given to a customer holding at least one account with a bank. The algorithm for the model was developed and simulated using MATLAB 7.10. The results showed that the processing time and cost of maintenance for integrated card is less than that for multiple cards. The study concludes that the model will facilitate card safety, reduce the cost of issuing multiple cards by the banks and cost of maintenance of the card by the customers. Additional layer of security is also an advantage.


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