Securing Multi-Application Smart Cards with Remote User Authentication and Biometric Identification in Banking Solutions

The advancement in automation in business has given us the credit card, debit card, health care card, license ID card, etc. It is not viable for an individual to carry multiple cards in her wallet. So, multi-application smart cards sound promising for future technological world to ease the life of an individual. Innovations in technologies bestow us a lot of technical and financial benefits and a supplementary risk in security. To avoid these risks, a secure two-way authentication is required between the card reader and the service provider. The Information which is transferred between the smart card reader and service provider must be in an encrypted form. This achieves both confidentiality and integrity with authentication. Furthermore, an individual's unique identification is provided by means of biometrics (fingerprint). This paper introduces a public key cryptographic based security for remote user authentication and one-time transformation for biometric identification.