A Secure Protocol for M-commerce Secure SMS Mobile Payment

The worldwide utilization of the Internet has profoundly supplied the development of e-commerce. Technological advancement in mobile phones (e.g. Mobile phones) has likewise added to doing e-commerce by means of mobile phones (m-business). Mcommerce includes the utilization of mobile phones, for example, mobile phones in doing electronic exchanges. Applications in this area range from ordinary data utilization to high security money related electronic exchanges. Much the same as e-commerce, the security of m-business applications is basic, particularly when it includes applications that arrangement with client touchy information, In the usage, the purchaser utilizes the program to shop online of course, at the checkout he is sent to the versatile application gave and secured by the bank. The gatherings imparts through three distinctive channels (VPN burrowing, SMS informing and HTTPS) to improve the security. This convention guarantees that the purchaser basic data is never ignored the web to have the capacity to buy and in the meantime the scanning knowledge has little interference. Additionally it presents minimal overhead on the vendor and the banks to have the capacity to give such administration. To ensure the convention acts as expected, an android application was made that speaks with web servers speaking to the purchaser bank, the shipper site and vendor bank. All interchanges between the application and the purchaser bank were through VPN and SMS

ATM Shield: Analysis of Multitier Security Issues of ATM in the Context of Bangladesh

Over the last decade, consumers have been largely dependent on and trust the Automatic Teller Machine (ATM) to conveniently meet their banking needs. However, despite the numerous advantages of ATM system, ATM fraud has recently become more widespread. In this paper, we provide an overview of the possible fraudulent activities that may be perpetrated against ATMs and investigates recommended approaches to prevent these types of frauds. In particular, we develop a prototype model for the utilization of three tier security equipped ATM to provide security solutions against must of the well-known breaches. In this research article, the tools and techniques of ATM fraud are contemplated. A secure three layer electronic transaction mechanism of ATM is developed to prevent ATM frauds. In this three layer authentication systems the users can improve ATM security against frauds and crimes

Analysis of Security Mechanisms in Nigeria E-Banking Platform

Electronic banking system has become an important practice among all banks in Nigeria. The introduction of this electronic banking has improved banking efficiency in rendering sales and services to customer, which is the 24-hour access to cash and retrieval of banking data i.e. statements, transaction details etc. It was in line with this that the studies aim at the Security Mechanisms of E-banking System. Through the cluster sampling technique, data was collected by means of questionnaires from 25 Banks officers and the result shows Electronic Banking is barely secure for the financial institutions. And through the hypothesis carried out in this research, it shows us that all banking transaction can be done anywhere is the world as long as your access device is connected to the internet service through any service provider. This Mechanism was initialized and found to be very effective for securing the banking transactions. It’s being recommended for banks and other financial institutions for maximum security.  With all these in the banking Industry, the bank has an effective electronic banking system which has improve its customer’s relationship and satisfaction. To this end, it is recommended that the bank information and Communication technology training programme should be encourage among all the banks staff, necessary legal codes banking should be established in order to enhance growth of the industry.DOI:http://dx.doi.org/10.11591/ijece.v4i6.685

Strong authentication based on mobile application

The user authentication in online services has evolved over time from the old username and password-based approaches to current strong authentication methodologies. Especially, the smartphone app has become one of the most important forms to perform the authentication. This thesis describes various authentication methods used previously and discusses about possible factors that generated the demand for the current strong authentication approach. We present the concepts and architectures of mobile application based authentication systems. Furthermore, we take closer look into the security of the mobile application based authentication approach. Mobile apps have various attack vectors that need to be taken under consideration when designing an authentication system. Fortunately, various generic software protection mechanisms have been developed during the last decades. We discuss how these mechanisms can be utilized in mobile app environment and in the authentication context. The main idea of this thesis is to gather relevant information about the authentication history and to be able to build a view of strong authentication evolution. This history and the aspects of the evolution are used to state hypothesis about the future research and development. We predict that the authentication systems in the future may be based on a holistic view of the behavioral patterns and physical properties of the user. Machine learning may be used in the future to implement an autonomous authentication concept that enables users to be authenticated with minimal physical or cognitive effort

Secure contactless mobile financial services with near field communication

Masters of ScienceThis thesis presents the results from work with three prototypes that use Near Field Communication technology to provide secure contactless mobile nancial services on mobile phones.South Afric

SYNERGY OF INFORMATION COMMUNICATION TECHNOLOGIES AND THE BANKING SYSTEM IN THE FUNCTIONING OF SUCCESSFUL BANKING OPERATIONS

Nowadays, modern banking cannot function without information and communications technology; hence banks heavily invest in the implementation of technology currently present on the market. Every aspect of the banking business includes information and communications technology, which points to the necessity of building an infrastructure for modern banking. Investing in development and implementation of new technologies simplifies everyday business activities and security, in addition to creating a competitive edge over rival businesses. It ensures fast and efficient customer service delivery by providing support to the distribution channels, as well as supporting bankers with making crucial decisions. The aim of this paper is to analyse trends in the use of information and communications technologies in the banking system, using publicly available business data, documentation and online bank information, as well as previously published findings of other researchers. Using the example of one of the largest banks in the Republic of Croatia, the possibilities provided by information and communications technology in the banking business sector are illustrated. Additionally, better economic efficiency and effectiveness, as well as the means of contemporary bank functioning are presented. Special attention is devoted to the security of ICT systems used in Internet Banking and the protection of banking service users’ data

Mobile Payments in the Netherlands: Adoption Bottlenecks and Opportunities, or… Throw Out Your Wallets

Het doel van dit onderzoek is het analyseren van de marktgrootte van mobiel betalen en de bijbehorende omzetbasis, alsmede de invoering van knelpunten, om inzicht te verkrijgen in de introductie en ontwikkeling van mobiele bankservices in Nederland. Het onderzoek beschrijft verscheidene aspecten van mobiel betalen/mobiel bankieren in Nederland. Onderwerpen als implementatie, wetgeving, geschatte businesscase, aanbevolen businessmodel, ontwikkelingsscenario’s, een SWOT - analyse van technische oplossingen, organisatorische knelpunten, een analyse van de redenen van succes en falen en openstaande problemen en uitdagingen komen aan de orde. Het voornaamste doel van het onderzoek is het trachten te beantwoorden van de vraag of er een markt voor mobiel betalen is in Nederland en een analyse geven van waarom mobiele bankservices niet succesvol zijn geweest in Nederland. Bovendien dient gemeld te worden dat de focus van dit verslag lag op microbetalingen, waar over het algemeen betalingen tot €10 onder verstaan worden.The purpose of this research report is to analyse the mobile payment market size and its revenue basis, as well as adoption bottlenecks, in view of establishing the adoption and deployment of mobile banking services in The Netherlands. The research report describes various aspects with regard to mobile payments/mobile banking in The Netherlands. Issues like implementation, regulatory framework, estimated business case, deployment scenario’s, recommended business model, a SWOT analysis of the technical solutions, organisational bottlenecks, an analysis of the reasons for success and failures, and open issues and challenges are addressed. The main aim is to try to answer the question whether there is a market in The Netherlands for mobile banking services, and providing an analysis of why M-banking services have not been so successful in The Netherlands. Furthermore, it needs to be mentioned that the focus of this paper was on micro-payments, which are generally considered to be payments of up to €10