A Secured Hybrid Architecture Model ofr Internet Banking

A Secured Hybrid Architecture Model ofr Internet Banking -...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Journal of Internet Banking and Commerce An open access Internet journal (http://www.arraydev.com/commerce/jibc/ ) Journal of Internet Banking and Commerce, April 2009, vol. 14, no.1 ( http://www.arraydev.com/commerce/jibc/ A Secured Hybrid Architecture Model for Internet Banking (e-Banking) ) Ganesan R Senior Lecturer in Department of Computer Science Postal Address: PSG College of Arts and Science, Coimbatore, TamilNadu, India – 641 014 Email: rganrao@gmail.com Vivekanandan K, Ph.D. Reader, BSMED Postal Address: Bharathiar University, Coimbatore, Tamilnadu, India Abstract Internet banking has made it easy to carry out the personal or business financial transaction without going to bank and at any suitable time. This facility enables to transfer money to other accounts and checking current balance alongside the status of any financial transaction made in the account. However, in order to maintain privacy and to avoid any misuse of transactions, it is necessary to follow a secured architecture model which ensures the privacy and integrity of the transactions and provides confidence on internet banking is stable. In this research paper, a secured hybrid architecture model for the internet banking using Hyperelliptic curve cryptosystem and MD5 is described. This hybrid model is implemented with the hyperelliptic curve cryptosystem and it performs the encryption and decryption processes in an efficient way merely with an 80-bit key size. The various screen shots given in this contribution shows that the hybrid model which encompasses HECC and MD5 can be considered in the internet banking environment to enrich the privacy and integrity of the sensitive data transmitted between the clients and the application server.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
JIBC April 2009, Vol. 14, No. 1 - 2 - Keywords: E-Banking, Hyperelliptic curve cryptosystem, MD5, Authentication, Confidentiality, Integrity, Nonrepudiation, Privacy, INTRODUCTION e-Banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. e-Banking includes the systems that enable financial institution customers, individuals or corporates to access accounts, transact business, or obtain information on financial products and services through a public or private network, like internet or mobile phone. Internet banking (also referred as e-banking) is changing the banking industry and is having the major effects on banking relationships. Banking is now no longer confined to the branches where one has to approach the branch in person to withdraw cash or deposit a cheque or request a statement of accounts. In true Internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere banking) at any time. Providing Internet banking is increasingly becoming a "need to have" than a "nice to have" service. The net banking, thus, now is more of a norm rather than an exception in many developed countries due to the fact that it is the cheapest way of providing banking services.
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 04/21/2011 for the course BUSINESS AAF001-1 taught by Professor Dr.tony during the Spring '11 term at University of Bedfordshire.

Page1 / 17

A Secured Hybrid Architecture Model ofr Internet Banking -...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online