A two-steps prevention model of ATM frauds communications

There is a tremendous increase in the ATM fraud incidents in recent years. Card fraud reports stated that $16.31 billion are the losses from payment card frauds in 2014, and expected to reach $35.54 billion in 2020 [11]. There is a real demand to find robust security methods, devices, and technologies to safeguard ATM transactions. This paper proposes two steps model to complete ATM transactions using a closed end-to-end fraud prevention system. By adding a smartphone as an additional layer for ATM transactions, and using legitimate user smartphone ID number to robust ATM secure transactions using the available technologies.