Secure Credit or Debit Card Transaction Using Alert messages and OTP to prevent phishing attacks

In the digital world, the utilization of online transactions using credit and debit cards is growing every day. However, credit or debit (CD) card fraud is one of the prime challenges confronted by customers and bankers. The financial databases are stored at various cloud servers and these types of fraud make a huge loss in the financial systems as well as security concerns in the cloud. The cloud platform provides efficient and uninterrupted access to banking databases. There are distinct security initiatives that were taken to prevent fraudulent transactions, but still, hackers try different techniques to compromise the customer's account. Currently, for online Card payments, an OTP has been sent to the customer's phone number and email-id of a customer for security during the transaction. In this article, we introduce a new approach by sending an alert message before the OTP to the card owner whenever the credit or debit card number is entered by the customer or hacker for an online transaction.