Securing real-time payment systems: challenges and solutions for network security in banking

HIGHLIGHTS

  • What: The article examines advanced fraud prevention techniques such as rule-based systems and machine learning applications while examining the crucial trade-off between speed and security. According to Stripe`s data, this approach has reduced fraudulent transactions by 98.7% while improving legitimate transaction approval rates by 3.2% . The study reveals that blockchain implementation in payment infrastructure will process 24% of all cross-border transactions by 2025, representing a value exceeding $2.8 trillion annually.
  • Who: Dell from the Barclays Services Corporation, USA have published the article: International Journal for Multidisciplinary Research (IJFMR . . .

     

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