Financial Transaction Security Using Mobile SMS

Almost every business uses SMS for various reasons to increase sales and brand exposure and Mass alert to everyone. 80% of cell phone users carry their phone all the time. Sending a text message to their cell phones is the perfect way to alert them of any urgent information, such as a change of appointment, or product ready for pickup etc. Mass alert are an ideal way for school districts to send alerts to parents regarding school closings, changes in schedules etc. The short message service (SMS) is one of the highly used and well-tried mobile services with global availability within all GSM/CDMA networks. The existing SMS is limited to the transmission of secure plain text between different mobile phone subscribers and server for different purpose. SMS does not have any built-in procedure to authenticate the text and offer security for the text transmitted as data [5], because most of the applications for mobile devices are designed and developed without taking security into consideration [6] [7], But we can use SMS service to protect our financial transaction by enable or disable the account apply some security on SMS. It will help to control fraud on financial traction by ATM or online fund transfer. In this paper detail an overview of SMS transmission and how to apply security on SMS to transfer from one point to another point.