Securing Credit Card Transactions with One-Time Payment Scheme

• Main Authors: LI, Yingjiu, ZHANG, Xinwen
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Credit card transaction; Credit card fraud; Security; Information Security
• Online Access: https://ink.library.smu.edu.sg/sis_research/1098; http://dx.doi.org/10.1016/j.elerap.2005.06.002
• Institution: Singapore Management University

Traditional credit card payment is not secure against credit card frauds because an attacker can easily know a semi-secret credit card number that is repetitively used. Recently one-time transaction number has been proposed by some researchers and credit card companies to enhance the security in cre...