Secure Electronic Fund Transfer Over Internet Using DES

Secure Electronic Fund Transfer Over Internet Using DES

Abstract
Nowadays people often need to transfer cash from one account to another. In such cases, they need to go to a bank or search for a PC connected to the internet to get access to the services offered by internet banking for reliable fund transfers. This system proves to be really beneficial in such cases. As with the help of this system, the user just needs to enter the account details. For security, the DES algorithm is used along with the instant verification and consistency check algorithm. All these are performed for secure electronic fund transfers. Thus a user just needs to visit any EFT center, in order to make the payment. The transfer is done instantly using a single portable card. In this way, the user can make the payment securely as this system uses DES for security and the transfer is done instantly. As soon as the user card is scanned, it receives an SMS message. SMS consists of OTP which is unique. All the user needs to do is enter this OTP received which increases the level of security. After OTP the user needs to enter account details. This data is encrypted using DES before sending it over the network. Thus this system ensures security for electronic fund transfers using DES