13-09-2014, 12:03 PM
On Designing a Flexible E-Payment System with Fraud Detection Capability
The implementation of our proposed e-payment.pdf (Size: 269.56 KB / Downloads: 15)
Introduction
In current market place, there are quite a lot of
different payment solution providers. Most of them come
with banking background as they are in comparative
advantageous position to effect payment transfers
amongst payers and payees given the support of banking
network. Yet due to the fact that banking network is
complicated, and there are many commercial reasons for
banks around the world to integrate and connect, third
party payment solution providers still have a role to play.
Our Proposed Solution
One way to tackle the dispute issues on fund-in and
transaction is to make the payment traceable. This
however does not prevent fraud or stop culprits from
making fraudulent transaction. Traceability means
fraudulent transaction can be detected, picked up, stopped
and most importantly, from the e-Wallet provider point of
view, assertive evidence that can be shown is used to
confront and blacklist the merchant(s) or users involved
E-Wallet system
The e-wallet system is where the core logics for
balance storage, transaction history of the e-wallet, and
the overall management of card accounts are
implemented. It stores e-Wallet holder account
information, such as card balance, PIN, expiry date and
card status. A bank is required to provide a payment
gateway interface for the credit card fund-in and payment.
Written in Java, a communication interface is always
provided for the merchant site who wants to easily
integrate with our payment system. The front-end server
allows cardholders to access their e-Wallets through an
internet browser. For security reason, sessions of SSL are
provoked between the browser and the front-end server.
Conclusion
The implementation of our proposed e-payment