A Closer Look at SMS-Based E-Banking Services Using Elliptic Curves

With the ushering in of cellphone technology in the country, many financial institutions have launched SMSbased E-banking Services. However, the transmission of SMS in cellphone networks is not secure as the message is sent in plaintext form. So, the content of the message may be exposed to anybody. As SMS-based Ebanking Services have become so popular in our daily life, there is a great demand from the users to implement them in a secure environment. Therefore it is desirable to make SMS-based e-banking Services secure by additional encryption. In this paper, we study SMS-based E-Banking Services using Elliptic Curves. We also give the benefits of using Elliptic Curves over RSA in SMS-based E-Banking Services.

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