K. Srikanth

M. Tech  Student

Title: Secure Mobile Banking

Supervisor(s): Prof. U. B. Desai    

Abstract:

         Current E-commerce system provides nothing more than electronic access to the money stored in bank accounts and transactions are no more anonymous as privacy is hampered. There is demand for transaction techniques which allow users to transfer money without any third party vigilance, just like hard cash. A novel technique for Peer-to-Peer money transfer without intervention of any authority/bank is proposed. The transactions are authorized by digital signature and all messages are encrypted so there is no chance of tamper by the adversary and transactions will remain anonymous.

     Money is stored in the mobile in the form of digital notes. Each mobile user is given a digital certificate issued from the authority (Bank) and this certificate is used for the authentication of the transactions. RSA encryption of size 1024 bit along with SHA-1 digital signature is used for secure transactions.

Contact Address:   # 131,

                              Hostel 8,

                              IIT Bombay, Powai,

                              Mumbai- 400 076

Contact Number:  

Email id: ksrikanth[at]ee.iitb.ac.in

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