Biblio

In the growth of financial industries, the electronic payments system is a newest topic, which is to be replaced in the near future by electronic or online transaction. With the advancement of the technology, there is a strong need to build and enforce safe authentication schemes to protect user sensitive information against security threats. Protection is becoming increasingly important for companies today, and so the need for authentication is more essential than before. In single-factor authentication, there are many security problems such as password schemes. Additionally, invaders will try various ways of stealing passwords including, dictionary attacks, brute force attack, password divination, shoulder surfing, etc. This paper provides a multi-authentication system for electronic payments to address the problem. The proposed technique here combines password, biometric and OTP verification for a more reliable user authentication using a multi-factor authentication. The proposed system has three phases, namely: registration phase, an authentication phase, and transaction phase. Our proposed approach has been found to boost security efficacy for various forms of assault and authentication layers dependent on password based attacks.