One of the effects of the rapid adoption of the cashless policy in Nigeria and the introduction of new naira notes is operational difficulties among financial institutions, which have led to a significant increase in ATM card theft and fraud among clients. Absence of real-time analysis of access points, combined with the intermittent and simultaneous quality of fraudulent dealings, are two major factors that make conventional fraud detection systems fail regularly. Towards reducing ATM fraud, this paper will present a high-performance, intelligent based, AI-based model to integrate three factors of biometric authentication, spending pattern analysis, and password verification into a three-factor model. Results of experiments based on real banking data prove that the proposed solution is superior to traditional models in terms of accuracy, precision, recall, and F1-score. The model uses an optimized Bi -Directional Long Short-Term Memory (BiLSTM) network to analyze historical ATM transaction records and identify behavioral abnormalities that could point to fraud. A Cuttlefish Optimization (MCFA) algorithm that is based on mapping is used to fine-tune the parameters, thus improving the reliability and accuracy of the classification. Biometric verification combined with behavioral modeling using AI stands out as a scalable and dependable framework of minimizing ATM card fraud and instilling confidence within the banking industry.