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Paper Details

Paper Title
Security in Digital Payment
Abstract
A cashless economy is secure, it is clean. You have a leadership role to play in taking India towards an increasingly digital economy—Narendra Modi. [1] This article focuses on all the aspect of the Security in Digital Payment system in India. With the continuous growth of Internet the trend of on-line business is extremely high. The development of many security protocols to ensure the security in online transaction. There are some loop holes in current e-commerce payment system like Security model, payment security system. The aim of this paper is what are the challenges in digital payment system, how the different protocols to ensure that you are digitally data are not goes to third person (unauthorized person), how the one layer is co-ordinate with other layer to provide us security of data. Electronic banking, also known as electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account to another, rather than by check or cash. The financial security over the digital payment channel is important for pushing the cashless economy idea.
KeyWord
Demonetization, Cashless Transaction, Parallel Economy, Money Laundering, Electronic Funds Transfer
Others Details
Paper Id : 18752
Author Name : Vivek Kumar Singh
Co-Author Name(s) : Shubham
Volume/Issue No : Volume 04 Issue 11
Page No : 129-134
DOI Number : DOI:10.21090/IJAERD.18752
Publication Date : 2017-11-10
License : This work is licensed under a Creative Commons Attribution 4.0 International License.
website : http://www.ijaerd.com/index.php
Impact Factor : 4.72, SJIF-2016
ISSN Details : eISSN: 2348-4470, pISSN:2348-6406