CFP last date
22 April 2024
Reseach Article

Issues and Challenges in Ensuring Trust, Security, Performance and Scalability in a Common Multi-Banking Solution

Published on November 2011 by Sree Rekha.G, V.K.Agrawal
International Conference on Web Services Computing
Foundation of Computer Science USA
ICWSC - Number 1
November 2011
Authors: Sree Rekha.G, V.K.Agrawal
7334ac9e-fc7d-45a0-9b8b-a75b919c4b7b

Sree Rekha.G, V.K.Agrawal . Issues and Challenges in Ensuring Trust, Security, Performance and Scalability in a Common Multi-Banking Solution. International Conference on Web Services Computing. ICWSC, 1 (November 2011), 71-77.

@article{
author = { Sree Rekha.G, V.K.Agrawal },
title = { Issues and Challenges in Ensuring Trust, Security, Performance and Scalability in a Common Multi-Banking Solution },
journal = { International Conference on Web Services Computing },
issue_date = { November 2011 },
volume = { ICWSC },
number = { 1 },
month = { November },
year = { 2011 },
issn = 0975-8887,
pages = { 71-77 },
numpages = 7,
url = { /proceedings/icwsc/number1/3981-wsc013/ },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Proceeding Article
%1 International Conference on Web Services Computing
%A Sree Rekha.G
%A V.K.Agrawal
%T Issues and Challenges in Ensuring Trust, Security, Performance and Scalability in a Common Multi-Banking Solution
%J International Conference on Web Services Computing
%@ 0975-8887
%V ICWSC
%N 1
%P 71-77
%D 2011
%I International Journal of Computer Applications
Abstract

Internet is a network of networks and web is a network of servers. To establish connections and enable communications among them, some protocols which are common are used. Online banking system at present allows only the operations to be performed from a single bank account through a dedicated interface for that purpose. All the operations are to be done and transactions are to be performed using separate interfaces, separate usernames, separate passwords etc. It would be very convenient for any user if he/she could operate multiple bank accounts using a single login, single interface, single password. Then the question of security arises. This paper is going to discuss various issues and challenges in designing an integrated multi-banking solution for operating multiple accounts online named C-MBS. C-MBS allows users to operate multiple bank accounts through a single interface and moreover one-time login is enough for a particular session in which he/she can operate multiple accounts. It provides all the details of the account to the customer or account holder like status of the account, balance available, any payments to be made, expiry of policy premium dates etc. Obviously one of the most important challenges of such system is security. Other issues are authentication, user acceptance, collaboration by banks, Cost effectiveness etc. This paper focuses on addressing the challenges and solutions for C-MBS.

References
  1. Universal Multi-Factor Authentication Using graphical passwords, Alireza Pirayesh Sabzevar, Angelos Stav, 2008 IEEE International Conference on Signal Image Technology and Internet Based Systems.
  2. Mary J Cronin, Banking and Finance on the Internet, New York Van Nostrand Reinhold, 1997.
  3. Yanjiang Yang , Feng Bao, Password Protected Credentials,Proc of Internationalconference on multimedia information networking and security,2010.
  4. Qiang Wang, Zhiguang Qin, Stronger User Authentication for Web Browser , Proc of 3rd International conference on advanced computer theory and engineering, 2010.
  5. Dexin Yang, Bo Yang , A New Password Authentication Scheme Using Fuzzy Extractor with Smart Card, Proc of International conference on computational intelligence and security, 2009.
  6. D. Bennet , Dr. S. Arumugaperumal, Fingerprint based multiserver authentication system, proc of 3rd International conference on electronics computer technology, 2011.
  7. Dexin Yang, Bo Yang ,A Biometric Password-based Multi-server Authentication Scheme with Smart Card, proc of International conference on computer design and applications,2010.
  8. Yanjiang Yang, Feng Bao, Password Protected Credentials, Proc of International conference on multimedia information networking and security, 2010.
  9. Qiang Wang, Zhiguang Qin, Stronger User Authentication for Web Browser, Proc of 3rd International conference on advanced computer theory and engineering, 2010.
  10. D. Bennet, Dr. S. Arumugaperumal, Fingerprint Based Multi-Server Authentication System, Proc of 3rd International conference on electronics computer technology, 2011.
  11. Jennifer R. Kwapisz, Gary M. Weiss, and Samuel A. Moore, Cell Phone-Based Biometric Identification, Proc of 4th IEEE conference on Biometrics: Theory, systems and applications (BTAS), 2010.
  12. Dexin Yang,South, Bo Yang, Woei-Jiunn Tsaur , Chia-Chun Wu , Novel Two-Server Password Authentication Scheme with Provable security, Proc of 10th International conference on computer and information technology, 2010.
  13. Yanjiong Wang 1, Qiaoyan Wen, Hua Zhang, A Single Sign-On Scheme For Cross Domain Web Applications Using Identity-Based Cryptography, 2nd International conference on network security wireless communications and trusted computing, 2010.
  14. Sahana K. Bhosale, Architecture of a Single Sign on (SSO) for Internet Banking , proc of International conference on wireless mobile and multimedia networks, 2008.
  15. Jianhong Zhang, XueLiu, On the Security of An Identity-based Single-sign-on Scheme, Proc of 3rd IEEE international conference on computer science and information technology, 2010.
  16. Eun-Jun Yoon, Kee-Young Yoo, Robust Multi-Server Authentication Scheme, 6th IFIP International conference on network and parallel computing, 2009.
Index Terms

Computer Science
Information Sciences

Keywords

Common multi-banking solution image based password three factor authentication multi-biometrics