A SECURED FUND TRANSFER SYSTEMUSING MOBILE NETWORKS AND HANDSETS

Abstract

The widespread and popular use of mobile phones as a means for transferring funds has made the mobile credit transfer service very important and worth of study and research. A simple and an effective way to solve the problems associated with this service, such as loss of credit, theft and fraud, is a priority.

The major objective of this research is to develop a secure mechanism to secure proper credit transfer from the sender to the recipient without any data entry errors, such as mistyping the recipient mobile number, and insuring the consent of the recipient.

This study proposes powerful protection and security mechanisms to solve the mobile fund transfer problems. It presents all the stages and the steps of the proposed system including the concepts, analysis, description and user’s interfaces.