A New One Time Password Generation Method for Financial Transactions with Randomness Analysis

2020 ◽  
pp. 713-723
Author(s):  
Varun Shukla ◽  
Arpit Mishra ◽  
Shubhi Agarwal
Keyword(s):  
One Time Password ◽  
Financial Transactions

scholarly journals A Stable and Secure One-Time-Password Generation Mechanism using Fingerprint Features

2019 ◽  
Vol 8 (9) ◽  
pp. 2431-2438
Keyword(s):  
Personal Information ◽  
Security Threats ◽  
Single Session ◽  
Online Application ◽  
One Time Password ◽  
Financial Transactions ◽  
Low Entropy ◽  
Typical Solution ◽  
Digital Identities ◽  
Generation Procedure

The growth of online application used for financial transactions and transferring personal information is increasingly common on internet and in mobile communication. These applications require authenticating legitimate users by assigning digital identities. Static passwords are perhaps most common type of credentials used today to authenticate the users. To avoid tedious task of remembering passwords, users often behave less securely by using low entropy and weak passwords, thus presenting security threats to online services. Various solutions have been provided to eliminate the need of users to create and manage passwords’ typical solution is based on generating one time password (OTP) for a single session or transaction. Unfortunately in most of the general mechanisms used for generating one time password (OTP) randomness of OTP system breaks after certain period of time and hence passwords become predictable. To solve this problem, in this paper a novel OTP generation method has been proposed, which generates OTP from fingerprint features of the user. The OTP produced from the system is secure as it uses fingerprint features in the seed and RIPEMD160 hash function in OTP generation procedure.

scholarly journals Development of One-Time Password (OTP) for ATM/POS : A Review of Related Works

2020 ◽  
Vol 26 ◽  
pp. 55-60
Author(s):  
S. Jurgene ◽  
◽  
O.B. Longe
Keyword(s):  
Research Abstract ◽  
Internet Banking ◽  
Online Banking ◽  
The Internet ◽  
Payment Cards ◽  
One Time Password ◽  
Financial Transactions

This study is aimed at designing a One-Time Password (OTP) for ATM/POS. The emergence of the Internet Banking leads to the Introduction of Plastic payment cards that provide a suitable and secure medium which people conduct a variety of financial transactions. But with this exciting innovation, it has also led to crime opportunities called “PLASTIC FRAUDS”. Notwithstanding, this crime must be controlled and that is why the banks must adopt a preventive and proactive method to fight the crimes. This calls for a One-Time Password (OTP) for ATM/POS. In this paper, we reviuewed Related Literaure and set the agenda for the research. Abstract- One-Time Password (OTP), ATM/POS, Security, Online Banking, Protection

EVALUASI ATAS PENGENDALIAN SISTEM INFORMASI AKUNTANSI PENJUALAN PADA PT PENGELOLA PUSAT PERDAGANGAN CARINGIN UNTUK MENGUKUR EFEKTIVITAS DAN EFISIENSI PENGELOLAAN PENDAPATAN LISTRIK

2018 ◽  
Vol 1 (2) ◽  
pp. 1-10
Author(s):  
Nano Suyatna
Keyword(s):  
Human Resources ◽  
Human Error ◽  
Accounting Information ◽  
Good Control ◽  
Accounting Information System ◽  
Accounting Information Systems ◽  
Payment Methods ◽  
Reasonable Cost ◽  
Financial Transactions ◽  
A Company

In an effort to improve electricity services to customers, there needs to be a balance between the supply of electricity and revenue. Payment methods made by the Perusahaan Listrik Negara (PLN) use Postpaid and Prepaid methods. Because services with postpaid methods better meet customer satisfaction, this method is chosen. Sales Accounting Information System is an information technology-based accounting application to support financial transactions in a company to run faster, more precisely and accurately at a reasonable cost. In its operation, it takes competent human resources to not be a source of problems (human error) and adequate infrastructure. To overcome the obstacles that will arise, whether triggered by the application or by the human resources themselves, it is necessary to control both aspects. Based on this research it shows that the application  of  Sales Accounting Information Systems and existing human resources is sufficiently supportive  and  reliable  in  supporting the creation of good control as it is proven that the level of acceptance of sales targets is realized effectively and efficiently.    

The Challenge of Traditional Market Traders in Denpasar City with the Problem of Business Management and Sales Strategy

2018 ◽  
Vol 9 (07) ◽  
pp. 20880-20885
Author(s):  
Luh Kadek Budi Martini ◽  
Putu Sri Astuti ◽  
Luh Komang Candra Dewi
Keyword(s):  
Marketing Strategy ◽  
Financial Analysis ◽  
Business Management ◽  
Organic Fertilizers ◽  
Sales Strategy ◽  
Communication Techniques ◽  
Traditional Market ◽  
Financial Transactions ◽  
And Training

Challenges by traditional fruit market traders in Denpasar are weaknes in business management, bookkeeping administration sales strategy, buyers service, communication techniques, and rotten fruits that do not sell yet untapped. The purposes of this empowerment are to (1 ) improvement of business management, (2) increased of knowledge for traders: bookkeeping administration is the procedure of recording financial transactions and can easily perform financial analysis, sales strategy, especially arrangement of merchandise (display), service to buyers, communication techniques and transactions honest but still profitable, (3) utilization of rotten fruit that is not sold to be processed into MOL (local microorganisms) for the manufacture of organic fertilizers in the household scale. The method used is counseling and training. The results of the activities are as follows: 1) fruit trader group can already well manage its trading business.2) fruit trader group can make good administration and business bookkeeping 3) fruit trader group can make marketing strategy by arranging (display) with well, and already use Show Case for display merchandise, customer visits increased 25%. 4) Fruit merchant group can already utilize rotten fruit as MOL for liquid crop fertilizer

ROUNDTABLE ON FINANCIAL TRANSACTIONS

2018 ◽  
Vol 18 (5) ◽  
pp. 191-201
Author(s):  
Е.Yu. VITOL
Keyword(s):  
Financial Transactions

The Impact of Mobile Money Services on the Financial Transactions of Tertiary Students

2017 ◽  
Vol 6 (7) ◽  
Author(s):  
Francis Kwaku Kuma ◽  
Isaiah Miencha ◽  
Abena Yeboah Abrahams ◽  
Rev Nelson Boadi
Keyword(s):  
Mobile Money ◽  
Financial Transactions ◽  
The Impact

Mobile Money - A Catalyst for Financial Inclusion in Developing Economies: A Case Study of Zimbabwe using FinScope Survey Data

GIS Business ◽  
2016 ◽  
Vol 12 (4) ◽  
pp. 45-56
Author(s):  
Kingstone Mutsonziwa ◽  
Obert K. Maposa
Keyword(s):  
Rural Communities ◽  
Developing Economies ◽  
Adult Population ◽  
Financial System ◽  
Financial Inclusion ◽  
Viable Option ◽  
Mobile Money ◽  
Bank Branches ◽  
Financial Transactions

Mobile money in Zimbabwe has extensively extended the frontiers of financial inclusion to reach millions who were earlier excluded within a relatively short space of time. The growing use of mobile phones in transferring money and making payments has significantly altered the countrys financial inclusion landscape as millions who had been hitherto excluded can now perform financial transactions in a relatively cheap, reliable and secure way. The FinScope results found out that 45% of the adult population use mobile money services. Of those using mobile money, 65% mentioned that is convenient, while 36% mentioned that it is cheap. Mobile money is accessible. These drivers are in the backdrop of few or no bank branches in rural communities as well as time and cost of accessing the bank branches. In Zimbabwe, mobile money is mostly used as a vehicle for remittances. While some people are enjoying mobile money services, it is important to mention that there are still people who are excluded from the formal financial system. The reasons why people do not use mobile money are mainly related to poverty issues. Mobile money remains a viable option to push the landscape of financial inclusion in Zimbabwe and other emerging markets where the formal financial system might not be strong.

PERDAGANGAN ETHEREUM DI INDODAX EXCHANGE DALAM PERSFEKTIF SYARIAH

2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Muhamad Khoirul Umam
Keyword(s):  
Money Laundering ◽  
Financial Services ◽  
Islamic Law ◽  
Indonesian Government ◽  
Advantages And Disadvantages ◽  
Digital Asset ◽  
Research Questions ◽  
Financial Transactions

In view of Islamic law Ethereum as a digital asset that is traded in cyberspace.The value of cryptocurrency surges and fluctuates, it is influenced by buying and selling demand. Indodax exchange is an official digital asset site in Indonesia that trades more than 40 digital currencies.The purpose of this study is to analyze whether cryptocurrency is worthy of value as money having a certain value, and also seen from the Indonesian government through Bank Indonesia has issued regulation No. 16/8/PBI/2014, which explicitly prohibits the use of bitcoin, Ethereum and altcoin for use in financial transactions in cash. So that raises research questions how the cryptocurrency law in the form of coin ethereum in Islamic law. The results of this study explain ethereum has advantages and disadvantages. Among its advantages is that users can use exchanges or transactions without a third service (bank), and can be traded at merchandise stores.However, ethereum losses are more frequent, such as fluctuating values each time, not listed as commodities, not watched by the Financial Services Authority (OJK), they present elements of gharar (uncertainty) and maysir (gambling) or (betting), which are used for money laundering and purchase of illegal drugs.Keywords: Cryptocurrency, Ethereum, Digital asset

Sign in / Sign up

Export Citation Format

Share Document