Identity-based cryptography in credit card payments

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

Abstract

In this paper we describe how to apply identity based cryptography to credit card payments. This would help with reducing the possibility of credit card fraud that is prevalent on the Internet. Our method is founded on the identity-based cryptography and it secures the credit card transactions in such a way that many types of credit card fraud become either impossible or much more difficult for the attacker to perform simply by stealing the credit card number and some related information. Our method would require some changes to the functionality of the credit cards and thus it is not an immediate remedy. However, the decreasing costs of more advanced hardware and the fairly fast cycle of reissuing new credit cards make it possible to include identity-based cryptography methods to credit cards in the near future.
Original languageEnglish
Title of host publicationCryptography and Security Systems
PublisherSpringer
Pages49-58
ISBN (Print)978-3-662-44892-2, 978-3-662-44893-9
DOIs
Publication statusPublished - 2014
MoE publication typeA4 Article in a conference publication
EventThird International Conference, CSS 2014 - Lublin, Poland
Duration: 22 Sep 201424 Sep 2014

Publication series

SeriesCommunications in Computer and Information Science
Volume448
ISSN1865-0929

Conference

ConferenceThird International Conference, CSS 2014
Abbreviated titleCSS 2014
CountryPoland
CityLublin
Period22/09/1424/09/14

Fingerprint

Cryptography
Credit cards
Payment
Fraud
World Wide Web
Costs
Remedies
Functionality

Keywords

  • identity-based cryptography
  • credit cards
  • security

Cite this

Halunen, K., & Sailio, M. (2014). Identity-based cryptography in credit card payments. In Cryptography and Security Systems (pp. 49-58). Springer. Communications in Computer and Information Science, Vol.. 448 https://doi.org/10.1007/978-3-662-44893-9_5
Halunen, Kimmo ; Sailio, Mirko. / Identity-based cryptography in credit card payments. Cryptography and Security Systems. Springer, 2014. pp. 49-58 (Communications in Computer and Information Science, Vol. 448).
@inproceedings{fa95510d58cc4a71a8d6f692b2a585ed,
title = "Identity-based cryptography in credit card payments",
abstract = "In this paper we describe how to apply identity based cryptography to credit card payments. This would help with reducing the possibility of credit card fraud that is prevalent on the Internet. Our method is founded on the identity-based cryptography and it secures the credit card transactions in such a way that many types of credit card fraud become either impossible or much more difficult for the attacker to perform simply by stealing the credit card number and some related information. Our method would require some changes to the functionality of the credit cards and thus it is not an immediate remedy. However, the decreasing costs of more advanced hardware and the fairly fast cycle of reissuing new credit cards make it possible to include identity-based cryptography methods to credit cards in the near future.",
keywords = "identity-based cryptography, credit cards, security",
author = "Kimmo Halunen and Mirko Sailio",
year = "2014",
doi = "10.1007/978-3-662-44893-9_5",
language = "English",
isbn = "978-3-662-44892-2",
series = "Communications in Computer and Information Science",
publisher = "Springer",
pages = "49--58",
booktitle = "Cryptography and Security Systems",
address = "Germany",

}

Halunen, K & Sailio, M 2014, Identity-based cryptography in credit card payments. in Cryptography and Security Systems. Springer, Communications in Computer and Information Science, vol. 448, pp. 49-58, Third International Conference, CSS 2014, Lublin, Poland, 22/09/14. https://doi.org/10.1007/978-3-662-44893-9_5

Identity-based cryptography in credit card payments. / Halunen, Kimmo; Sailio, Mirko.

Cryptography and Security Systems. Springer, 2014. p. 49-58 (Communications in Computer and Information Science, Vol. 448).

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

TY - GEN

T1 - Identity-based cryptography in credit card payments

AU - Halunen, Kimmo

AU - Sailio, Mirko

PY - 2014

Y1 - 2014

N2 - In this paper we describe how to apply identity based cryptography to credit card payments. This would help with reducing the possibility of credit card fraud that is prevalent on the Internet. Our method is founded on the identity-based cryptography and it secures the credit card transactions in such a way that many types of credit card fraud become either impossible or much more difficult for the attacker to perform simply by stealing the credit card number and some related information. Our method would require some changes to the functionality of the credit cards and thus it is not an immediate remedy. However, the decreasing costs of more advanced hardware and the fairly fast cycle of reissuing new credit cards make it possible to include identity-based cryptography methods to credit cards in the near future.

AB - In this paper we describe how to apply identity based cryptography to credit card payments. This would help with reducing the possibility of credit card fraud that is prevalent on the Internet. Our method is founded on the identity-based cryptography and it secures the credit card transactions in such a way that many types of credit card fraud become either impossible or much more difficult for the attacker to perform simply by stealing the credit card number and some related information. Our method would require some changes to the functionality of the credit cards and thus it is not an immediate remedy. However, the decreasing costs of more advanced hardware and the fairly fast cycle of reissuing new credit cards make it possible to include identity-based cryptography methods to credit cards in the near future.

KW - identity-based cryptography

KW - credit cards

KW - security

U2 - 10.1007/978-3-662-44893-9_5

DO - 10.1007/978-3-662-44893-9_5

M3 - Conference article in proceedings

SN - 978-3-662-44892-2

SN - 978-3-662-44893-9

T3 - Communications in Computer and Information Science

SP - 49

EP - 58

BT - Cryptography and Security Systems

PB - Springer

ER -

Halunen K, Sailio M. Identity-based cryptography in credit card payments. In Cryptography and Security Systems. Springer. 2014. p. 49-58. (Communications in Computer and Information Science, Vol. 448). https://doi.org/10.1007/978-3-662-44893-9_5