Online banking authentication system using mobile-OTP with QR-code

Abstract

As a high-speed internet infrastructure is being developed and people are informationized, the financial tasks are also engaged in internet field. However, the existing internet banking system was exposed to the danger of hacking. Recently, the personal information has been leaked by a high-degree method such as Phishing or Pharming beyond snatching a user's ID and Password. Seeing that most of examples which happened in the domestic financial agencies were caused by the appropriation of ID or Password belonging to others, a safe user confirmation system gets much more essential. In this paper, we propose a new Online Banking Authentication system. This authentication system used Mobile OTP with the combination of QR-code which is a variant of the 2D barcode.