A Novel Method for Securing Online Banking Transactions

A Novel Method for Securing Online Banking Transactions
Author(s):
ASHIMA ARYA, PAYAL CHHABRA, NEHA BHATIA, BHAWNA KUKREJA
Keywords:
Face Recognition, Machine Learning, Geo-location, Secured Mobile Banking, IP address, ISP, Neural Network
Abstract
One of the primary responsibilities of a financial/banking institution is the keep its clients secured against thefts. Protection against thefts is the primary reason why people choose to keep their money with banks instead of keeping it home, in their safe. Considering security as our primary target we have created this banking application which uses two-phase security mechanism for secure transaction. Firstly, via verifying OTP(One Time Password), secondly via recognizing the face and iris of the customer. Another reason why people choose banks in a secure environment is to easily trade money with online portfolios, debit cards, credit cards, smart cards, etc. The third option provided here is a track record of finding the location of a transaction that has been made, which may keep customers safe from fraud or at least locate the location of the theft.
Article Details
Unique Paper ID: 155367 Publication Volume & Issue: Volume 8, Issue 10 Page(s): 1 - 5
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