International Journal For Multidisciplinary Research

E-ISSN: 2582-2160     Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

Call for Paper Volume 6 Issue 6 November-December 2024 Submit your research before last 3 days of December to publish your research paper in the issue of November-December.

Securing Real-Time Payment Systems: Challenges and Solutions for Network Security in Banking

Author(s) Srikanth Bellamkonda
Country United States
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.
Keywords Real-Time Payment Systems (RTP), Cybersecurity Infrastructure, Payment Fraud Prevention, Transaction Authentication, Regulatory Compliance
Field Computer
Published In Volume 6, Issue 6, November-December 2024
Published On 2024-11-24
Cite This Securing Real-Time Payment Systems: Challenges and Solutions for Network Security in Banking - Srikanth Bellamkonda - IJFMR Volume 6, Issue 6, November-December 2024. DOI 10.36948/ijfmr.2024.v06i06.31388
DOI https://doi.org/10.36948/ijfmr.2024.v06i06.31388
Short DOI https://doi.org/g8r8jj

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