Paper 2020/1036 Original: eprint.iacr.org/2020/1036 ↗

Security in banking

Arthur Van Der Merwe
David Paul
Jelena Schmalz
Timothy M. Schaerf
Abstract

We examine the security of the Australian card payment system by analysing existing cryptographic protocols. In this analysis, we examine TDES and DES-V key derivation and the use of secure cryptographic devices, then contrast this with alternative mechanisms to enable secure card payments. We compare current Australian cryptographic methods with their international counterparts, such as the ANSI methods, and then motivate alternative methods for authenticated encryption in card payment systems.

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Available format(s)
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Category
Applications
Publication info
Preprint.
History
2020-08-28: last updated
2020-08-28: published
Short URL
https://ia.cr/2020/1036
License
https://creativecommons.org/licenses/by/4.0/

BibTeX

@misc{cryptoeprint:2020/1036,
      author = {Arthur Van Der Merwe and David Paul and Jelena Schmalz and Timothy M.  Schaerf},
      title = {Security in banking},
      howpublished = {Cryptology {ePrint} Archive, Paper 2020/1036},
      year = {2020},
      url = {https://eprint.iacr.org/2020/1036}
}
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