The Collin’s ATM System Capabilities Samples †MyAssignmenthelp.com

Question: Discuss about the Collins ATM System Capabilities. Answer: System vision document: Problem statement Considering the havoc that people are required to face in order to carry out their bank proceedings adequate number of ATM booths which are simpler to operate is of the utmost requirement. In the present date the number and varieties of cyber attacks have only increased, thus posing threats to the assets of millions of people (Gluchshenko Foerster, 2013). Keeping such problems in mind it can be said that the existing ATM system available in the markets are needed to upgraded as soon as possible. Other banking related issues such as limited number of transactions, limited amount of transactions are also required to be solved on the earliest basis. A much simpler, organized and modernized ATM system is essential in order to cope up with the present date scenario. Simpler operation of the ATM must also be considered while installation of the ATMs because it is observed that the number of customers finds difficulty in understanding the functioning or operations of the ATMs (Prasanthi et al., 2014). The Collin ATM system intends to bring such changes by providing customers easier access, simpler mode of operation and strict security surveillance inside the ATM premises. System capabilities In context of the case study of the Collins ATM system it can be said that the installed system of the Collins ATM comprises of a card reader where the customers would insert their card so that the system could access the bank details of the customer, a keypad with the help of which the customers would insert their security PIN, in the process the system would verify the card number and the card details. After card recognition the system will display a list of menu option from where the customer could choose the required option. A cash dispenser for dispensing the amount a printer for providing the customers with the transaction receipt and slot in case the customer wishes to deposit the cash are also included in the Collins ATM system. In order to maintain strict security measures the, the Collins ATM system will allow only one customer at a time within the ATM premises. The ATM system could be accessed by only one user at a time. The system at first performs card recognition in order to verify the bank details. This also enhances the security system of the Collins ATM system. In case the card is not identified an error message will be displayed to the user. In such cases, the customer is required to re-insert the card. After the card recognition the system will verify the PIN so that the system could get authorization from the concerned bank. The user is given three chances to re-enter the correct PIN code. This ensures that an unauthorized person could not withdraw money without the consent of the card holder (Padmapriya Prakasam, 2013). After successful PIN verification the user would be displayed with the possible options. The user is required to choose his/her account type which means weather the account is a current, savings or super saver account (Wilson, Suzic Van der Stricht, 2014). In the next step, the system will drop the list of the options from where the user could choose. The displayed options are- banking, mini statement, withdrawal, balance enquiry, cash deposit, change password. System benefits Then following are the system benefits of the Collins ATM system: There is no limit on the number of transactions in a day in the Collins ATM system; this means that the customers could withdraw the required amount of money if he/she possesses the required account balance (Sabatini et al., 2015).. No limit on the number of transactions in a day. Offers number of operations such as cash withdrawal, cash deposit, cash transfer, balance enquiry, printing mini statement. Strict security services. The system regularly generates the reports from the respective banks in order to keep a track on the inflow as well as outflow of the cash. This is done in regular basis (Kampichler, Steiner Eier, 2013). Resources required for the Collins ATM business A number of resources are required for setting up the Collins ATM business. The following are list of some of the required resources: Infrastructure Management team Software developers Hardware developers Sufficient land plots for setting up the ATM booths. Software maintenance team Network operator Security monitoring system Stakeholder map Figure: Stakeholder map Source: Author Feasibility of the Collins ATM business Considering the case study of the Collins ATM system it can be said that although strict surveillance is incorporated in the system but there lies a potential theft of the accounts of the user getting hacked. The hackers with the help of Malware programs could hack the necessary information regarding the credentials of the users (Ghodke et al., 2014). The Collins ATM system do not provides the users with any limitations considering the number and amount of transaction. Therefore, in certain instances, the ATMs may run out of cash. Apart from this adverse climatic condition can lead to system failure thus creating chaos within the users (Onah Ani, 2014). References Ghodke, A. P. S. S., Kolhe, H., Chaudhari, S., Deshpande, K., Athavle, S. (2014). ATM transaction security system using biometric palm print recognition and transaction confirmation system.International Journal Of Engineering And Computer Science,3(04). Gluchshenko, O., Foerster, P. (2013, June). Performance based approach to investigate resilience and robustness of an ATM System. In10th USA/Europe Air Traffic Management Research and Development Seminar(pp. 10-13). Kampichler, W., Steiner, W., Eier, D. (2013, April). Distributed mils: A novel approach to advanced atm communication services. InIntegrated Communications, Navigation and Surveillance Conference (ICNS), 2013(pp. 1-8). IEEE. Onah, F. I., Ani, C. I. (2014). Application of integrated modeling technique for data services resource allocation in atm based private wan.Nigerian Journal of Technology,33(1), 72-77. Padmapriya, V., Prakasam, S. (2013). Enhancing ATM security using fingerprint and GSM technology.International Journal of Computer Applications,80(16). Prasanthi, B. V., Jyothi, U. P., Sridevi, B., Krishna, T. V. (2014). Security Enhancement of ATM System with Fingerprint and DNA Data.International Journal of Advanced Research in Computer Science and Software Engineering. Sabatini, R., Gardi, A., Ramasamy, S., Kistan, T., Marino, M. (2015). Modern avionics and ATM systems for green operations.Encyclopedia of Aerospace Engineering. Wilson, S., Suzic, R., Van der Stricht, S. (2014, April). The SESAR ATM information reference model within the new ATM system. InIntegrated Communications, Navigation and Surveillance Conference (ICNS), 2014(pp. L3-1). IEEE.