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A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability

by Jerrin Yomas, Chitra Kiran N
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

@article{ 10.5120/cae2018652800,
author = { Jerrin Yomas, Chitra Kiran N },
title = { A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability },
journal = { Communications on Applied Electronics },
issue_date = { Dec 2018 },
volume = { 7 },
number = { 23 },
month = { Dec },
year = { 2018 },
issn = { 2394-4714 },
pages = { 21-29 },
numpages = {9},
url = { },
doi = { 10.5120/cae2018652800 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
%0 Journal Article
%1 2023-09-04T20:03:48.643114+05:30
%A Jerrin Yomas
%A Chitra Kiran N
%T A Critical Analysis on the Evolution in the E-Payment System, Secuiry Risk, Threats and Vulnerability
%J Communications on Applied Electronics
%@ 2394-4714
%V 7
%N 23
%P 21-29
%D 2018
%I Foundation of Computer Science (FCS), NY, USA

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.

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Index Terms

Computer Science
Information Sciences


Debit/Credit card Electronic Payement System E-Cash Transcation Mobile-Payement Security Secure E-Transaction (SET) QR code.