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In this paper, a GSM based cellular communication scheme with encompassing security is proposed for electronic banking. In order to demonstrate the detailed steps of the scheme in a quick but convenient manner, Warnier-Orr representation of the proposed protocols is used. The proposed SMS based mobile banking scheme provides opportunity to every client of a financial institution to use modern facilities...
Nowadays internet-based banking is getting popularity because of its several advantages, such as ease of operation and virtual monetary activities, i.e., client's physical presence at different bank locations is no more required. However, because of scarcity of accessibility at different locations, cost, and slow speed, number of people using internet communication is a small percentage of the mobile...
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