Biometric Authenticated Security Solution to Online Financial Transactions
International Journal of Management, IT and Engineering, Volume 5, Issue 7, July 2015, pp.455-464, ISSN: 2249-0558
10 Pages Posted: 13 May 2016
Date Written: July 10, 2015
The dramatic increase in the use of mobile phones has been closely followed by the increase in mobile fraud. Although eager to use mobile financial services, many subscribers are concerned about the security aspect when carrying out financial transactions over the mobile network. In fact, lack of security is seen as the biggest deterrent in the widespread adoption of mobile financial services. Hence, fraud prevention has become an essential ingredient in the success of online financial transactions. To enhance the security for financial transaction a biometric authentication system is proposed.
Keywords: Online financial transaction, biometric authentication, ubiquitous banking, mobile business
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