Fraud Resilient Software for Offline Micro-Payments

One fundamental issue with today's Online Payment System is increased Cybercrime. Where Attackers aim at stealing customer confidential data by targeting the Point of Sale (POS) systems, i.e., the point at which a bankers or retailer first acquires customer data. Modern POS systems are powerful computers equipped with a card reader and running specialized software. In this scenario a Malicious Software (MS) can be used by the attacker to steal card data. As such, in case where customer and vendor are persistently disconnected from the network, no secure online payment is possible. To overcome from these attacks, in this paper, we describe Fraud Resilient Software for Offline Micro-Payment that is a Secure Offline Micro-payment solution which is resilient to POS Data Breaches in terms of both flexibility and security. To the best of our knowledge, this is the first solution that can provide secure fully offline payments while being resilient to all currently known POS Breaches.