ATM Software Project in Python Code
The ATM is a highly necessary concept in the current days as most people throughout the world depend on it for the deposit and withdrawal of money at any point in time. People can avail the service of ATMs for 24 hours. It is extremely beneficial during emergency situations when the immediate requirement of a huge amount of cash arises. Therefore for the smooth functioning of the ATM machines, the ATM software should also be always available and accessible.
The ATM software should be highly operational and effective with the least chances of transaction failure and error. It is a financial and banking software that is highly demanding in the banking and financial sectors. The ATM software provides real-time ATM monitoring and analysis that usually takes the charge of the complete monitoring and the end-to-end visibility of the ATM systems including the health of the system, along with the cash and consumable levels.
Features of the ATM Software
The ATM software is highly equipped with several essential features which include the transfer of funds between the linked bank accounts. It also reviews and displays the account balance and even prints the list of the recent transactions on request. It also initiates changing the existing PIN of the ATM card for security reasons. It approves the operation of depositing cash. Along with the most necessary and essential feature of cash deposit and cash withdrawal, it also provides the facility for prepaid mobile recharge along with the other bill payments like electricity bills, internet bills, etc. It even initiates the transfer of funds from one bank account to the other.
Existing System
The ATM software project is a desktop application that is developed with the basic operational features of ATM (i.e. Automated Teller Machine). The existing system of the ATM software has two admin and user accounts that have different functionalities according to the privilege and permissions granted for these two different accounts. As per the operational terms of the software, with the existence of two different operating accounts, the ATM software works together with the software as provided by the bank, with the defined interfaces for communication. After inserting the ATM card into the ATM machine, the software verifies the access code.
Then it asks for the nature of the cash transaction, whether it is a cash withdrawal or cash deposit. Then it asks for the ATM PIN. After inserting the PIN by the user, the system verifies the PIN and asks for the amount of the cash, and even asks for the denominations of the notes. On matching the criteria and availability of the cash, it dispenses the cash, finishes the transaction, and prints the receipt.
Proposed System
Apart from the withdrawal of the cash from this system, the deposit of cash is also approved in the system, with all kinds of denominations of notes. The inclusion of the database tables in the system helps in the proper recording of the data in the admin and user tables. This helps in fetching the information with permissions from database tables. After dispensing the cash from the system, it also displays the updated account balance for providing the correct information to the user regarding the account balance.
The interface of the software is designed in a user-friendly manner. The security of the software is enhanced compared to the existing system. The system also allows for the payment of credit card bills, electricity bills, and other bills. The operational speed is faster than the existing system.
Software Requirements
- Platform Used: Python
- Type of Application: Desktop-based application
- Programming Language: Python
- IDE Tool: Python Editor
- Database: NULL
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