A secure electronic payment protocol based on bank account

2002 ◽  
Author(s):  
Gao Huming ◽  
Changjie Wang ◽  
Wang Yumin
Keyword(s):  
Electronic Payment ◽  
Bank Account ◽  
Payment Protocol

OBJECTIVE SIGNS OF CRIMES AGAINST PROPERTY: THEFT OF FUNDS FROM A BANK CARD

2021 ◽  
pp. 14-19
Author(s):  
A. A. Goncharov ◽  
◽  
A. I. Boyko ◽  
Keyword(s):  
Direct Contact ◽  
Personal Information ◽  
Third Party ◽  
Electronic Payment ◽  
Bank Account ◽  
The Past ◽  
Bank Card ◽  
Definition Of ◽  
Monetary Assets ◽  
Two Bodies

The relevance of scientific research is caused primarily by the general transition of the society to the funds’ transfer network. Physical money is replaced by virtual one, the access to which is granted remotely. Therefore, in some situations, a lawbreaker can gain possession of non-cash resources far easier than stealing the cash of a possible victim. For the past two decades, lawbreakers successfully apply lots of ways allowing a lawbreaker both to possess personal information of another person – bank cardholder and, subsequently, to steal money from a holder’s account. The paper determines the objective signs of a crime against property and the list of attributes typical for stealing money funds from a bank card. The authors distinguish the objective signs of two bodies of a crime, which can fall within the definition of embezzlement from a bank card: a theft from a bank account, and fraud using electronic payment facilities. The authors conclude that the embezzlement from a bank card throw the commission of fraudulent acts is possible only when interacting with a third party. The actual presence of another person (a victim or an employee of credit, bank, commercial, or other organization) and the interaction of a criminal with this person is a prerequisite for classifying a crime as a fraud. Any actions aimed at the unlawful seizure of non-cash monetary assets and not accompanied by direct contact with a third party should be classified as theft.

scholarly journals Analysis of Electronic Payment Systems in Ghana - A Case Study of Mobile Payment System

2018 ◽  
Vol 6 (06) ◽  
Author(s):  
Francis Agbenyegah Kwadzo ◽  
Regina Kafui Adroe ◽  
Dr. Michael Asante
Keyword(s):  
Mobile Phone ◽  
Financial Services ◽  
Banking Sector ◽  
Mobile Payment ◽  
Electronic Payment ◽  
Payment Systems ◽  
Next Of Kin ◽  
Bank Account ◽  
Mobile Money ◽  
Money Transfers

Mobile payment is an electronic payment made through a mobile device. As the number of mobile phone subscribers in Ghana increases, so does the market for mobile money services. The majority of Ghanaians lack any formal bank account. An estimated 80 percent of Ghanaians are “unbanked” – meaning they conduct their transactions outside the banking sector with no access to financial services. Products like “mobile money,” that enable safe and secure money transfers without the use of a bank account, could have a major impact on this unserved segment of the population. Mobile money gives anyone with a mobile phone the ability to transfer money, make cash payments and conduct other financial transactions over the phone. Currently, there are four mobile money payment systems in Ghana, namely, MTN mobile money, Vodafone (VF) cash, Tigo cash and Airtel money. For an effective operation of these systems, Privacy, Traceability, Cost of Transaction, and Simplicity of the Processes involved are of much interest. The study examined the loopholes in the current mobile payment systems and proposed a framework to address the loopholes such as: Entering of information on next of kin into the system during registration, acceptance of year of birth as PIN, transactional PIN decrypted, no entering of a Valid ID number into the system, no provision for security word during token cash out, no provision for guarantor information, no provision for BoG permit number, no provision for police clearance number, and data in transit not encrypted. Keywords: Transactions, mobile money, traceability

A SEEP (Security Enhanced Electronic Payment) Protocol Design Using 3BC, ECC (F), and HECC Algorithm

2008 ◽  
pp. 639-653
Author(s):  
Byung Kwan Lee ◽  
Seung Hae Yang ◽  
Tai-Chi Lee
Keyword(s):  
Elliptic Curve ◽  
Data Encryption ◽  
Elliptic Curve Cryptosystem ◽  
Electronic Payment ◽  
The Public ◽  
Payment Protocol ◽  
Hash Algorithm ◽  
Set Protocol ◽  
Secure Hash Algorithm ◽  
Hyper Elliptic Curve

Unlike SET (Secure Electronic Transaction) protocol, this paper proposes a SEEP (Security Enhanced Electronic Payment) protocol, which uses ECC (Elliptic Curve Cryptosystem with F2m not Fp) (Koblitz, 1987; Harper, Menezes, & Vanstone, 1993; Miller, 1986), SHA (Secure Hash Algorithm), and 3BC (Block Byte Bit Cipher) instead of RSA and DES. To improve the strength of encryption and the speed of processing, the public key and the private key of ECC and HECC (Hyper Elliptic Curve Cryptosystem) are used in 3BC (Cho & Lee, 2002; Cho, Shin, Lee, & Lee, 2002) algorithm, which generates session keys for the data encryption. In particular, when ECC and HECC are combined with 3BC, the strength of security is improved significantly. As the process of the digital envelope used in the existing SET protocol is removed by the 3BC algorithm in this paper, the processing time is reduced substantially. In addition, the use of multiple signatures has some advantages, such as reducing the size of transmission data as an intermediate payment agent and avoiding the danger of eavesdropping of private keys.

scholarly journals An Efficient Secure Electronic Payment System for E-Commerce

Computers ◽  
2020 ◽  
Vol 9 (3) ◽  
pp. 66
Author(s):  
Md Arif Hassan ◽  
Zarina Shukur ◽  
Mohammad Kamrul Hasan
Keyword(s):  
Web Server ◽  
Third Parties ◽  
Web Browsers ◽  
Electronic Payment ◽  
Marketing Process ◽  
Payment Protocol ◽  
Security Effectiveness ◽  
Authentication And Authorization ◽  
The Common ◽  
Electronic Payment System

E-commerce implies an electronic purchasing and marketing process online by using typical Web browsers. As e-commerce is quickly developing on the planet, particularly in recent years, many areas of life are affected, particularly the improvement in how individuals regulate themselves non-financially and financially in different transactions. In electronic payment or e-commerce payment, the gateway is a major component of the structure to assure that such exchanges occur without disputes, while maintaining the common security over such systems. Most Internet payment gateways in e-commerce provide monetary information to customers using trusted third parties directly to a payment gateway. Nonetheless, it is recognized that the cloud Web server is not considered a protected entity. This article aims to develop an efficient and secure electronic payment protocol for e-commerce where consumers can immediately connect with the merchant properly. Interestingly, the proposed system does not require the customer to input his/her identity in the merchant’s website even though the customer can hide his/her identity and make a temporary identity to perform the service. It has been found that our protocol has much improved security effectiveness in terms of confidentiality, integrity, non-repudiation, anonymity availability, authentication, and authorization.

scholarly journals Present Prominence of the Electronic Wallets in India

2019 ◽  
Vol 8 (4S3) ◽  
pp. 167-171
Keyword(s):  
Internet Access ◽  
Electronic Payment ◽  
Stages Of Development ◽  
Bank Account ◽  
Early Stages ◽  
Urban Markets ◽  
The Future ◽  
Digital Payments ◽  
Digital Or

In today's ever-changing technological dependent world, electronic wallets are in their early stages of development and expected to evolve in the coming years, yet, no one in the payment ecosystem knows precisely how the mobile electronic wallet marketplace will evolve in the coming years. It is estimated that Global electronic wallet transaction volumes will be about INR 41.8 billion in 2016. A digital or electronic wallet (e-wallet) as called, is basically a software that allows a user to make an electronic payment in cash or link it with their respective bank account making payments with ease be it for purchase of a prepaid mobile recharge, a train ticket or even a television. In India, the e-wallet is very useful as the convenience of not carrying physical cash is drastically reduced. Furthermore, the Central Government’s push for digital payments and a digital India is making inroads not only in the urban markets but, also in the rural hinterlands especially the prepaid wallets as mobile reach is far higher than Internet access. To a large extent, banks though physically present across thousands of towns pan India prefer and encourage digital payments for everyday transactions. This whitepaper explains the future capabilities of electronic wallets and the role they will play in India in the coming years..

Fairness electronic payment protocol

2012 ◽  
Vol 3 (1) ◽  
pp. 53 ◽  
Author(s):  
Kai Fan ◽  
Yue Wang ◽  
Hui Li
Keyword(s):  
Electronic Payment ◽  
Payment Protocol
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