|Communications on Applied Electronics
|Foundation of Computer Science (FCS), NY, USA
|Volume 7 - Number 23
|Year of Publication: 2018
|Authors: Jerrin Yomas, Chitra Kiran N
Jerrin Yomas, Chitra Kiran N . A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability. Communications on Applied Electronics. 7, 23 ( Dec 2018), 21-29. DOI=10.5120/cae2018652800
At present, payment system through the internet has been trending at the furious pace. There are different ways and varieties of e-payment systems are existing to facilitate ease of transaction at the most active security level. However, parallelly the cyber-attacks strategies are growing at the advanced level as security protocols. In this research study, have analyzing the evolution of e-payment system and its terminology followed by different conventional e-payment mechanisms. Also demonstrates lack of security provisions and solution strategies. The main contribution of the present survey study is providing the landscape of digital e-payment system and its opportunities for future e-commerce systems. In the last, have briefly discussing and analyzing the fraudulent transaction rates which will become the benchmark for the development of secure e-payment system.