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A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability

Jerrin Yomas, Chitra Kiran N. Published in Security.

Communications on Applied Electronics
Year of Publication: 2018
Publisher: Foundation of Computer Science (FCS), NY, USA
Authors: Jerrin Yomas, Chitra Kiran N
10.5120/cae2018652800

Jerrin Yomas and Chitra Kiran N. A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability. Communications on Applied Electronics 7(23):21-29, December 2018. BibTeX

@article{10.5120/cae2018652800,
	author = {Jerrin Yomas and Chitra Kiran N},
	title = {A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability},
	journal = {Communications on Applied Electronics},
	issue_date = {December 2018},
	volume = {7},
	number = {23},
	month = {Dec},
	year = {2018},
	issn = {2394-4714},
	pages = {21-29},
	numpages = {9},
	url = {http://www.caeaccess.org/archives/volume7/number23/838-2018652800},
	doi = {10.5120/cae2018652800},
	publisher = {Foundation of Computer Science (FCS), NY, USA},
	address = {New York, USA}
}

Abstract

At present, payment system through the internet has been trending at the furious pace. There are different ways and varieties of e-payment systems are existing to facilitate ease of transaction at the most active security level. However, parallelly the cyber-attacks strategies are growing at the advanced level as security protocols. In this research study, have analyzing the evolution of e-payment system and its terminology followed by different conventional e-payment mechanisms. Also demonstrates lack of security provisions and solution strategies. The main contribution of the present survey study is providing the landscape of digital e-payment system and its opportunities for future e-commerce systems. In the last, have briefly discussing and analyzing the fraudulent transaction rates which will become the benchmark for the development of secure e-payment system.

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Keywords

Debit/Credit card, Electronic Payement System, E-Cash Transcation, Mobile-Payement, Security, Secure E-Transaction (SET), QR code.