Secure Digital Cash Payment through Coin Management

Authors(1) :-C. Jaya Prakash

Cybercrime is the most popular crimes in the recent times. Cybercrime involves theft of credit card and debit card information details and utilizing those credentials for various fraud operations. Security has been the main concern since decades. Due to the static implementation of the personal identification information there are novel chances of attacking the data by an attacker. Mainly the cybercrimes are observed in point of sale (POS) systems. The attackers aim to steal the customer details by infecting the point of sale systems with the malwares and these systems are equipped with a microprocessor and storage capacity to store the customerís card data. In the proposed method one can create dynamic coins and flying coins which reduces data masking and increases the security level. Flexibility will be achieved by implementing dynamic coins and flying coins.

Authors and Affiliations

C. Jaya Prakash
M. Tech (SE), Department of CSE, JNTUCEA, Anantapur, Andhra Pradesh, India

Cybercrime, Security, Credentials, Malwares, Microprocessor

  1. Bomgar, "Secure POS & kiosk support," Bogmar,2014,"https://www.bomgar.com/assets/documents/Bomgar_Remote_Support_for_POS_Systems.pdf
  2. Verizon, "2014 data breach investigation report," Verizon, The. Rep., 2014,http://www.verizonenterprose.com/DBIR/2014/
  3. V. C. Sekhar and S. Mrudula, "A complete secure customer centric anonymous payment in a digital ecosystem," in Proc. Int. Conf. Comput., Electron. Elect. Technol., 2012, pp. 1049-1054.
  4. V. Ahuja, Secure Commerce on the Internet, AcademicPress, 1996.
  5. G. Horn and B. Preneel, Authentication and Payment in Future Mobile Systems, Proceedings of 5th ESORICS'98, Belgium, 1998, pp. 277-293.
  6. J. Lewandowska. (2013). [online]. Available:http://www.frost.com/prod/servlet/press-release.pag?docid=274238535
  7. https://en.wikipedia.org/wiki/Physical_unclonable_function
  8. G. Vasco, Maribel, S. Heidarvand and J. Villar, " Anonymous Subscription Schemes: A flexible construction for online services access," in Proc. Int. Conf. Security Cryptography, jul. 2010, pp. 1-12.
  9. Vanesa Daza, Roberto Di Pietro, Flavio Lombardi, and Matteo Signorini: "Fraud Resilient Device for Off-Line Micro-Payments," in Ieee Transactions On Dependable And Secure Computing, Vol. 13, No. 2, March/April 2016.
  10. S. Martins and Y. Yang, "Introduction to bitcoins: A pseudoanonymous electronic currency system," in Proc. Conf. Center Adv. Stud. Collaborative Res., 2011, pp. 349-350.
  11. T. Micro, "Point-of-sale system breaches, threats to the retail and hospitality industries," University of Zurich, Department of Informatics, 2010.
  12. R. L. Rivest, "Payword and micromint: Two simple micropayment schemes," in Proc. Int. Workshop Security Protocols, 1996, pp. 69-87.
  13. S. Golovashych, "The technology of identification and authentication of financial transactions from smart cards to NFC terminals," in Proc. IEEE intell. Data acquisition Adv. Comput. Syst., Sep. 2005, pp.407-412.
  14. K. S. Kadambi, J.Li and A.H. Karp," Near-field communication based secure mobile payment service," in Proc. 11th Int. Conf. Electron. Commerce, 2009, pp.142-151.
  15. T. Nishide and K. Sakurai, "Security of offline anonymous electronic cash systems against insider attacks by untrusted authorities revisited," in Proc. 3rd Int. Conf. Intell. Netw. Collaborative Syst., 2011, pp. 656-661.
  16. www.computerhowtoguide.com/2016/07/bitcoins-advantages-disadvantages.html
  17. https://link.springer.com/chapter/10.1007/3-540-62494-5_6
  18. Ross Anderson, Harry Manifavas, and Chris Sutherland. A practical electronic cash system, 1995. Available from author: Ross. Andereson@cl.cam.ac.uk
  19. D. Chaum, A. Fiat, and M. Naor, "Untraceable electronic cash," in CRYPTO, ser. Lecture Notes in Computer Science, vol. 403. Springer-Verlag, 1988, pp. 319-327.
  20. Camenish, J., Maurer, U., and Stadler, M. (1997). Digital Payment Systems with Passive Anonymity-Revoking Trustees. Journal of Computer Security, 5(1):254-265.

Publication Details

Published in : Volume 2 | Issue 5 | September-October 2017
Date of Publication : 2017-10-31
License:  This work is licensed under a Creative Commons Attribution 4.0 International License.
Page(s) : 104-107
Manuscript Number : CSEIT172516
Publisher : Technoscience Academy

ISSN : 2456-3307

Cite This Article :

C. Jaya Prakash, "Secure Digital Cash Payment through Coin Management", International Journal of Scientific Research in Computer Science, Engineering and Information Technology (IJSRCSEIT), ISSN : 2456-3307, Volume 2, Issue 5, pp.104-107, September-October.2017
URL : http://ijsrcseit.com/CSEIT172516

Follow Us

Contact Us