Use Cases of Authentication Protocols in the Context of Digital Payment System

Abstract

In the digital payment system, the transactions and their data about clients are very sensitive, so the security and privacy of personal information of the client is a big concern. The confirmation towards security necessities prevents the data from a stolen and unauthorized person over the digital transactions, So the stronger authentication methods required, which must be based on cryptography. Initially, in the payment ecosystem, they were using the Kerberos protocol, but now different approaches such as Challenge-Handshake Authentication Protocol (CHAP), Tokenization, Two-Factor Authentication(PIN, MPIN, OTP), etc. such protocols are being used in the payment system. This paper presents the use cases of different authentication protocols. Further, the use of these protocols in online payment systems to verify each individual are explained. © 2020 IEEE.