Innovative Secure Mobile Banking Services

2006

Mobile banking is attractive because it is a convenient approach to perform remote banking, but there are security shortfalls in the present mobile banking implementations. This paper discusses some of these security shortfalls, such as security problems with GSM network, SMS/GPRS protocols and security problems with current banks mobile banking solutions. This paper discusses the SMS and GPRS proposed solutions for these problems. The results from these proposed solutions have proven to provide secure and economic communications between the mobile application and the bank servers.The proposed solutions allow the users to bank using secure SMS and GPRS.

A new communications technology is redefining the convergence of telecommunications and computing. Mobile banking has emerged as a possible powerful provider of bundled banking services. New platforms and protocols are being developed able to create and support a support a seamless and truly global service platform. The mass adoption of mobile banking will depend on the provision of secure, reliable and easy to customise user interfaces. This paper examines some relevant standards and protocols for mobile banking and discusses mobile banking services and their adoption within a conceptual framework.

2012 Tenth International Conference on ICT and Knowledge Engineering, 2012

Mobile banking (m-banking) is considered to be one of the most important mobile commerce applications currently available. The ubiquitous access to data with no place restrictions helps to promote this technology. The security and privacy of sensitive financial data is one of the main concerns in acceptance of these systems in Australia. It is specifically important to secure the transmission of the financial data between the financial institutions' server and the mobile device used by consumers, as their communications are via unsecured networks such as the Internet. In this paper, a trust negotiation approach is proposed to address these security concerns. Trust negotiation is combined with the Transport Layer Security (TLS) as the underlying protocol. This combination of technology aims to maximize the existing security of m-banking applications. It results in significant improvements in security compared to the traditional identity-based only access control techniques. The proposed approach is implemented as a mobile application. It demonstrates that the developed application is easy to use and deploy in typical mobile environments.

Journal of Engineering Sciences and Innovation

In this paper we present an e-banking platform for mobile users. The data communication is performed on the support of 3G/4G or wireless networks, which ensures high speed information traffic on the client side. The platform is designed in a client - server architecture, which ensures the distribution of IT resources in an integrated environment, organized on principles of information access and processing efficiency. Due to the advantage of mobility, such services have a great success on the market. Installed on mobile devices, with various operation systems, the software client applications are consuming the e-banking service. The e-banking tools are provided to mobile users through a Web Service. A Web Service is more efficient, from the data traffic volume and cost point of view, when comparing to an access solution based on Web Browsing.

Mobile banking is one of the areas mobile commerce that has extensive communications with other areas of mobile commerce. The one hand, mobile banking is associated with customers and on the other hand, is capable of other firms that are active in the field of electronic commerce, provide effective financial services. In this paper we describe the definition of mobile banking, Evolution and finally to describe number of benefits for users of these services.

2017

The wide technologies enable people to connect and do the task wherever they are. The way people communicate and interact with others within their social circle has changed a lot with the evolution of internet. Today, rapid development in technology especially involving using of smartphone and tablet make the activities more easier and convenience in delivering the information. All parties especially financial institution today wants to give the best services to the customer and the competitive among banking sector keep rising day to day. The effective and efficient strategies management needs develop to face all the challenges. Since, mobile phone is one of the gadgets that all people use it in daily life so this is the opportunity for financial institutions to introduce mobile banking services. Regarding from that, most financial institution take initiative to provide variety facilities and bank transaction services to the customers just by using their fingertips anywhere and anyt...

2016

Mobile apps is a used to designate the act or process by which application software is developed for handheld devices, such as personal digital assistants or mobile phones. These applications can be pre-installed on phones during manufacturing platforms, or delivered as web applications using server-side or client-side processing (e.g. JavaScript) to provide an "application-like" experience within a Web browser. However there are some cases where the mobile internet banking apps occurred some problems that might cause loss of money. Therefore, in this paper we will examine issues on the architecture, and some security issues of mobile internet banking apps. And then we will explore some security measuras to deal with the associated security challenges.

In mobile banking schemes, financial services are available. Bankingservices are provided using mobile devices. Mobile phones are used for data used in carrying out mobile transactions via mobile applications. This paper describes the security check processfor improving the authentication of mobile applications for mobile banking in a bank in Srilanka. The mobile banking in a bank in Sri Lankawill be used as case study. The application includes security features to enhance data protection across mobile networks. Features for data encryption, integrity, secure entry of security details on the phone and improved security policies in the application server are incorporated. Issuesof data confidentiality, user authentication, and message integrity in order to provide end-to-end security of data carried on mobile networks is ensured. In particular, this project specifies theinclusion of a biometric component in the security authentication process in mobile banking in Srilanka. This is in a bit to improve the security platform. The paper only presents the general architecture of the proposedmobile app model, which includes the biometric security component, towards subsequent implementation.

Communications of the ACM, 2003

Electronic Markets, 2012

Large parts of today's banking business are based on the application of information technology (IT). This applies to advisory at the customer frontend to and internal operations in banks to the electronic stock exchanges and transaction networks. To position the five contributions in the special issue on "Banking in the Internet and Mobile Era", this editorial suggests a framework that structures the application areas of IT in the banking industry. It recognizes IT as the enabler for all four tiers of the banking value chain and highlights the specific role of the regulatory environment in this industry. The special issue emphasizes the transformation of the banking industry towards more customer-orientation as well as the role of Internet and mobile technologies to change established channels and banking services.