Secure Cardless Financial Transactions using Multi-Factor Authentication

Ms. P Anusha
M.Tech
Assistant Professor
Department of AIDS
Annamacharya Institute of Technology and technology and
Sciences Tirupati-517502
Anusha.ksrm@gmail.com
shaikazar8686@gmail.com
pulikodijayasri@gmail.com
B chamundeswari , M Hemanth Kumar ,Azar Shaik, P Jayasri
UG Scholar Dept of Artifcial Intelligence and Data Science
Annamacharya institute of technology and sciences Tirupati,India
chamub04@gmail.com , muchelihemanth592@gmail.com

Abstract— The rapid development of digital banking has made transactions more convenient but has posed serious security threats in the traditional card-based systems, like theft and unauthorized access. Therefore, this paper suggests a secure cardless transaction system based onmulti-factor authentication technology, which includes  facial recognition, OTP authentication using Gmail, and credential authentication. The suggested system avoids the use of physical cards and utilizes a multi-layer security mechanism, enabling authentic and valid identity and transaction validation through a webbased platform that incorporates computer vision technology. The proposed system ensures the enforcement of multiple layers of authentication, thus preventing unauthorized access even in the presence of a single-point failure, thus providing a higher level of security and confidence among the users. Keywords—Cardless Transaction,Multi-Factor Authentication, Face Recognition, OTP Verification,Gmail Integration, Secure Banking, Financial Security.