Security challenges in designing an integrated web application for multiple online banking

Current online banking only allows payment to be made from a single bank account hence user needs to log in to several banking sites to settle the dues monthly. Paying bills/loans from multiple bank accounts in a single login would provide greater convenience. This paper reviewed the current on line banking system and discussed the challenges in designing an integrated web based application for independent personal financial organizer called I-PFO. I-PFO allows users to settle their financial commitments from multiple banks in a single website. It also provides ease of use, tracking due dates, organizing and personalization. The challenges of such system are security, value proposition to attract collaboration from banks and user acceptance. This paper focuses on security solutions for I-PFO.