A Comparative Analysis of Secure Payment Systems for Banking Transactions

Abstract

Anonymity has received increasing attention within the literature attributable to the users’ awareness of their privacy these days. anonymity  provides protection for users to get pleasure from network services while not being copied. whereas  anonymity-related problems are extensively studied in payment-based systems like e-cash and peer-to-peer (P2P) systems, very little effort has been dedicated to wireless mesh networks (WMNs). On the opposite hand, the network authority needs conditional anonymity such misbehaving entities within the network stay traceable.Here, we have a tendency to propose a security design to make sure unconditional anonymity for honest users and traceability of misbehaving users for network authorities in WMNs. The projected design strives to resolve the conflicts between the anonymity and traceability objectives, additionally to guaranteeing basic security needs as well as authentication, confidentiality, information integrity, and non-repudiation. Thorough analysis on security and potency is incorporated, demonstrating the feasibleness and effectiveness of the projected design.