International Research Journal of Engineering and Technology (IRJET)
e-ISSN: 2395 -0056
Volume: 04 Issue: 03 | Mar -2017
p-ISSN: 2395-0072
www.irjet.net
Survey Paper on FRoDO: Fraud Resilient Device for Off-Line Micro-Payments Ms. Rakshitha K S1, Priya J2, Sandhya S3, Thushara Kurup K R4 1Assistant
Professor,Dept of CS&E,SKIT,Karnataka,India Student, Dept of CS&E,SKIT,Karnataka,India 3 Student, Dept of CS&E,SKIT,Karnataka,India 4 Student, Dept of CS&E,SKIT,Karnataka,India
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Abstract - Credit and debit card data thefts though were
At the present time, crypto-currencies and decentralized payment systems (e.g. Bitcoin) are increasingly popular, nurturing a shift from physical to digital currencies. However, payment techniques are not yet commonplace, due to several unsolved issues, including a lack of widelyaccepted standards, limited interoperability among systems and, most importantly, security.
the earliest forms of cybercrime they are the most common cybercrimes. Attackers steal customer data by targeting the Point of Sale (for short PoS) system, i.e. the point at which a retailer first gets customer data. Modern PoS systems are computers equipped with a card reader and running specialized software to read the data. Increasingly user devices are being used as input to the PoS. In these scenarios, malware that can steal card data as soon as they are read by the device has been developed. In the cases where customer and vendor are persistently disconnected from the network, there is no secure on-line payment. The paper describes FRoDO, a secure off-line micro-payment solution that is resistant to PoS data breaches. This improves over up to date approaches in terms of flexibility and security. FRoDO is probably the first solution that can provide secure fully off-line payments while being resistant to all currently known PoS breaches. We have made a survey on the previous solutions that existed before FRoDO discovering their advantages and disadvantages. Later we detail FRoDO architecture and components.
Several retail organizations have been victims of information security breaches and payment data theft targeting consumer payment card data and Personally Identifiable Information Although PoS ruptures are declining, they still remain an extremely fulfilling endeavor for criminals. Customer data can be used by cybercriminals for fraudulent operations, and this led the payment card industry security standards council to establish data security standards for all those organizations that handle credit, debit and ATM cardholder information. Irrespective of the structure of the electronic payment system, PoS systems always handle acute information and, often times, they also need remote management. PoS systems act as gateways and require some sort of network connection in order to contact external credit card processors. This is mandatory to authenticate transactions. However, larger businesses that wish to tie their PoS’s with other back-end systems may connect the former to their own internal networks. In addition, to reduce the amount of cost and simplify administration and maintenance; PoS devices may be remotely managed over these internal networks. However, a network connection might not be available due to either a momentary network service interruption or due to a permanent lack of network coverage. Such on-line solutions are not very efficient since remote communication can introduce interruptions in the payment process. In this article, we propose FRoDO, a secure off-line micro-payment approach using multiple physical unclonable functions.
Key Words: micro-payment, PUF, hash-chaining, genetic algorithm, fraud-resilience.
1.INTRODUCTION Market analysts have predicted that mobile payments will over-take the traditional market, in providing greater convenience to consumers and new sources of revenue to many companies. This scenario produces a shift in purchase methods from classic credit cards to new approaches such as mobile-based payments, giving new market players novel business chances. Broadly supported by recent hardware, mobile payment technology is still at its early stages of development but it is expected to rise in the near future as demonstrated by the growing interest in crypto-currencies.
Š 2017, IRJET
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