Thursday, November 15, 2007

Mobile ATM

As a result of industry revolution and globalization, usage of money in the society is increased. But people realized that using large amount of money is a risky task. As a solution they started using banking facilities for money transactions. At the moment banks provide more interactive facilities for efficient money transactions. However unfortunately there are so many problems related to bank transactions. In developing countries these problems become worst. During last decades researchers try to apply information and communication technology to solve above problems. They introduced E- commerce and M-commerce. Some of the solutions are ATM services, credit card/debit card services and so forth. But using and implementing these IT base solutions in developing countries is a big challenge due to poor IT infrastructure. But most developing countries like Sri Lanka, mobile telecommunication sector archive rapid expansion. As IT researchers in developing countries, we have to think of new money withdrawal/deposit system (ATM system). That system would be enable people to perform ATM transactions based on mobile technologies. Proposed Mobile ATM system will reduce some barriers of using ATM and improve security related to ATM.

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