Abstract:
The research focuses on to introducing a secure e-payment authentication model for ecommerce portals. E-commerce can be defined as one of the most rapidly development
mechanisms in the world economy. Therefore, a secured payment authentication model is
essential for any e-commerce portal. Also today there are various security mechanisms to
ensure the security of these e-commerce portals. However, the research background
analysis has recognized that there are still problematic areas in existing payment
methods. Therefore, this research mainly focuses on introducing a secured e-payment
authentication model for e-commerce portals which will ensure the exchange of money
more securely and conveniently over the internet.
The introducing system is a web based electronic payment authentication processing
system that can be used to make a secured electronic payment. In order to provide high
security to the electronic transactions, the system validates the payments by using a
onetime transaction code generating software installed into users PC or mobile phone.
This code generating software uses unique hashing polynomial equation for each
individual. The system only validates the transactions, only ifthe user enters the correct
secure code in the transaction processing web page. The solution can mainly provide
good security against the man in the middle attacks and the phishing attacks. Also this
system has been designed to minimize the issues in existing electronic payment systems
by providing a great convenient to the users. As a result, this research can be brought into
play as a guide for e-payment authentication.
