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DOI: 10.14569/IJACSA.2017.080825
PDF

Modeling and Verification of Payment System in E-Banking

Author 1: Iqra Obaid
Author 2: Syed Asad Raza Kazmi
Author 3: Awais Qasim

International Journal of Advanced Computer Science and Applications(IJACSA), Volume 8 Issue 8, 2017.

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Abstract: Formal modeling and verification techniques have been used to ensure the reliability and accuracy of multiple systems to be verified. In contrast to ordinary testing techniques which exhibit the presence of flaws and errors in a system, formal methods prove their absence. Electronic banking (e-banking) services have become very popular with the escalating development in the information and communication technology. Due to the presence of complexity, an e-banking system requires an efficient security model. One important approach to ensure the reliability and security of the e-banking system is through the use of formal methodologies. This study explores the opportunity of modeling interbank payment system through a case study of 1-link Automated Teller Machine (ATM). A generic verification system SPIN (Simple Promela Interpreter) is, therefore, employed to model and then to verify the integrity and security of payment system in e-banking. Linear temporal logic formulas are further summarized to assure the security of the e-banking system. The principal conclusion of the work includes a complete procedure of verification and modeling of the payment system in 1-link ATMs.

Keywords: E-banking; model checking; Simple Promela Interpreter (SPIN); formal methods; Linear Temporal Logic (LTL) formula; Promela introduction

Iqra Obaid, Syed Asad Raza Kazmi and Awais Qasim, “Modeling and Verification of Payment System in E-Banking” International Journal of Advanced Computer Science and Applications(IJACSA), 8(8), 2017. http://dx.doi.org/10.14569/IJACSA.2017.080825

@article{Obaid2017,
title = {Modeling and Verification of Payment System in E-Banking},
journal = {International Journal of Advanced Computer Science and Applications},
doi = {10.14569/IJACSA.2017.080825},
url = {http://dx.doi.org/10.14569/IJACSA.2017.080825},
year = {2017},
publisher = {The Science and Information Organization},
volume = {8},
number = {8},
author = {Iqra Obaid and Syed Asad Raza Kazmi and Awais Qasim}
}



Copyright Statement: This is an open access article licensed under a Creative Commons Attribution 4.0 International License, which permits unrestricted use, distribution, and reproduction in any medium, even commercially as long as the original work is properly cited.

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