ENHANCED SECURED FINANCE TRANSACTION USING DYNAMIC PRE-GENERATION ONE TIME PASSWORD

  • N.Ruba, Dr.A.Shaik Abdul Khadir
Keywords: PSD-OTP, Cryptographic, Authentication, Password

Abstract

Now a days the finance sector the end users are using net banking (online) system. The Internet banking users have static net banking Password for login the account. There may be a chance that unauthorized person can hack the username and password enters in to the net banking.  The banks hold No responsibility for any losses unsecured due to such reason. To overcome this kind of insecure transaction in finance sectors, a new tool proposed in Pre Secure Dynamic One Time Password (PSD-OTP) introduced in this research. That is Pre-Generation OTP. The Pre-Generation OTP means while the user entered into net banking using login Username and Password, during transaction time OTP is generated dynamically and has been sent to end user’s registered mobile number and Email-id. After that do enter the correct OTP and transaction will be successfully completed. Each and every secured transaction there first giving Username and Password further adding OTP to be entered PSD-OTP.  The tool PSD-OTP automatically generates the dynamic OTP. Once a user login to net banking for every transaction a new OTP will be generated. So that unauthorized person cannot track the net banking transaction.  This research is very efficient and user friendly for secured finance transaction.

Published
2021-09-17
How to Cite
Dr.A.Shaik Abdul Khadir , N. (2021). ENHANCED SECURED FINANCE TRANSACTION USING DYNAMIC PRE-GENERATION ONE TIME PASSWORD. Design Engineering, 8285-8301. Retrieved from http://www.thedesignengineering.com/index.php/DE/article/view/4452
Section
Articles