Cyber Security in Parallel and Distributed Computing
by Dac-Nhuong Le, Raghvendra Kumar, Brojo Kishore Mishra, Jyotir Moy Chatterjee, Manju Khari
CHAPTER 16MAPPING OF E-WALLETS WITH FEATURES
Alisha Sikri1, Surjeet Dalal1, N.P Singh2, Dac-Nhuong Le3
1 Department of Computer Science & Engineering, SRM University, Sonepat, Haryana, India
2 MDI, Gurugram
3 Haiphong University, Haiphong, Vietnam
Abstract
This chapter includes various types of models operating in the e-commerce/e-business domains in India. In addition, the chapter also presents the mapping of e-wallets and its features. It is observed that the features such as digital only, text based etc are common to all types of wallets and the features like one touch, CoF etc are specific to open wallets only. This chapter tries to give a brief insight of the various technological, operational, legal and also security features available in different types of e-Wallets. It can also be concluded from the paper that all the three wallets have the same security features which includes: Anti-fraud, 3D SET or SSL, P2P, data encryption and one-time password (OTP).
Keywords: e-Commerce, e-Wallets, OTP, security
16.1 Introduction
16.1.1 e-Wallet
E-wallet can be defined as a type of electronic card which can be used for transactions made online through a computer or a Smartphone. It can also be said that its utility is same as that of a credit or debit card. An E-wallet must be linked with the individual’s bank account for the purpose of making payments [59].
The mobile wallet, which can also be called as m-Wallet, digital ...