Mobile Banking System Using Gsm

Mobile Banking System using GSM

Abstract

Mobile banking is an application of mobile computing which provides customers with the support needed to be able to bank anywhere, anytime using a mobile handheld device and a mobile service such as text messaging (SMS).mobile banking removes space and time limitation from banking activities such as checking account balance, or transferring money from one account to another. The main aim of this project is to develop a secure internet mobile system, which allow customer to do their banking services like get balance inquiry, Fund Transaction, Issue Cheque and other services via the internet and mobile SMS. Keywords: Mobile, SMS, Bank,

Introduction

The Preliminary Investigation Study allows people to decide whether to continue with the project or perform some more alterations before proceeding with the projects. The objectives for a preliminary investigation involves an understanding of the problem, defining the project scope and constraints, identifying the benefits, estimating the time and costs and reporting to the management. There is also an interaction with managers and users.

There are currently many flaws in the present mobile banking implementations in world. Author believes that he can build a more secure banking implementation using both SMS and GPRS technologies.

The proposed Online banking system should abide to the following security issues

Confidentiality

Authenticity

Integrity

Non-repudiation

Availability

1.1 Background

Financial intermediaries to safeguard funds, lend money, and guarantee the exchange of currency have existed since ancient times. The modern banking industry, however, is rooted in European institutions established in the 1700s. Early in that century, English goldsmiths discovered that they were consistently storing large amounts of gold owned by their customers. They found that they could temporarily lend some of the gold to other people in exchange for a promissory note for interest

1.2 Motivation

In mobile banking using SMS, data is electronically transmitted over wireless communication channels and the internet. These processes raise issues of how users and authenticated, how integrity of data is maintained, how availability is to the user and importantly the confidentiality of this data. Subscribe authentication is