Analysis on secured e-payment authentication model for e-commerce portals

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.