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Security Protocol Design for Mobile Banking

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Abstract (2. Language): 
Accessing banking services on a mobile device give customers a great deal of independence. Not only does it put them in charge, it also enables them to do their banking independently of their location and time. A main worry for consumers and financial service providers is the security of mobile banking. In providing mobile banking services, it is very important to take the proper security authentication and authorization, because these services, while offering very good mobility and facility, can be easily exposed to diverse violation threats. In this paper, a novel security protocol for secure mobile banking applications is proposed to address security worries. The presented protocol permits customers to authenticate with the banking services with least user interactions but with new advance security characteristics.
FULL TEXT (PDF): 
143-147