Securing Real-Time Payment Systems: Challenges and Solutions for Network Security in Banking
Year: 2024
Type: article
Abstract: Modern banking infrastructure relies heavily on real-time payment technologies, which have revolutionized how financial institutions handle transactions worldwide. This in-depth article examines the operational needs, security procedures, and technical difficulties of setting up and managing real-time payment networks. The article examines advanced fraud prevention techniques, such as rule-based systems and machine learning applications, while examining the crucial trade-off between transaction speed and security. This article illustrates the development of payment infrastructure and security measures through in-depth case studies of European and Asian payment networks. To help financial institutions, regulators, and technology suppliers navigate this quickly changing industry, the essay delves deeper into new technologies, regulatory factors, and upcoming advancements influencing the real-time payments market.
Author: Srikanth Bellamkonda -
Language: English
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W4404793023