Design and development of electronic payment architecture supporting umified processes over internet

Abstract

The advent of the internet and World Wide Web has sparked a rapid increase in the Net concepts of shopping online that helps us to develop personalized shopping experiences that put the information your customers need within easy reach. The goal of this research project is to develop a system to manage the secure, verifiable transfer of value from a payer to a payee in an integrated manner over the Internet .As part of this project, we will be designing and coding the information flows and processes to support this integrated approach. The creation or integration with the financial applications on the backend is also included in the scope of this project. The focus of this project is on the identification, design and implementation of concepts and solution that can provide solid, reasonable security to support electronic payments. The key areas that will be addressed are cryptography (for confidentiality), web interface (for user access) and Database (for record storage).There are a number of approaches and tools available for all three research goals, and we will be assessing and implementing the most optimal solution based on the minimization of false negatives, false positives and cost, and the maximization of usability and convenience. To enhance the mechanism of online shopping a different mode of payment method has been developed. The revolution in telecommunication system actually promotes the payment method of purchasing and selling products on online. The evolution of scratch card system in the history of internet online shopping is divulged as the leading phenomenon. Fixed amount of different cards are published by the company having unique numbers have played a unanimous role especially for those customers who lived in remote areas. The purchasers of these cards are either shopkeepers or general public.