SEPA Clients in A Secure Cloud BankingEnvironment

Sammanfattning: Finance and Economics are one of the most important elements in the development of nations. Dealing with finances and economies banking industry is the solely dominating industry especially during the 20th century. Along with the development of banking industry, information technology was also emerged and started collaboration with this sector. Moreover, banks shifted all their operations over the network; furthermore, networks and telecommunications were enhanced more. They started offering banking services to its clients by using cloud computing (virtualization). After the introduction of Euro by the EU, a project came into existence called Single Euro Payment Area (SEPA). SEPA is an EU project which is an initiative towards the integration and uniform way of payments and bank transfers within the EU region. Our research project is a part of providing web services to clients in a Secure SEPA banking system. Our research focuses on developing SEPA banking web services for clients. We have developed infrastructure for SEPA banking services. Web clients are going to access the main portal by registering themselves. After registration, a client will create bank account. Bank account will have basic credentials of the client including account number and PIN number. Furthermore, account number and PIN number can be used to check account balance; client can perform transactions and convert the respective currency into Euros. All financial transactions should be dealt in Euros; this is one of the main purposes of our SEPA research project. In the second part of our research, some activities have been performed with Point of Interactin(POI) devices. POI device is communicating with the banking system through wireless or GPRS protocols; client will use SEPA smart card. Smart card will be swapped in the POI device; device will detect the smart card data and will interact with the SEPA system. Smart card data contain client’s credentials, such as amount in the bank account, 16 digit card number, and cash in, cash out in the account, card expiry date etc. The final portion, detecting the smart card data, is left for future work.