An online fraud-resistant technology for credit card E-transactions

This study proposes an online fraud-resistant technology for credit card e-transactions, which provides three characteristics: cardholder-driven identification, merchant-driven verification, and issuer-driven authorization. This paper also presents the resistant capability of credit card frauds against online e-transactions as well as the security analysis and the computational cost of the method proposed. Conclusively, the proposed method can increase the fraud-resistant capability with less computational cost and can be compatible with the current mechanisms such as the secure socket layer (SSL) and the secure electronic transaction (SET) used to secure online e- commerce transactions.