The objective of this project is to design a secure cross-border payment system incorporating multi-layer security mechanisms. The system ensures compliance, encryption, and fraud prevention while handling international transactions efficiently.
Study international payment processing workflows and compliance standards.
Identify security risks in cross-border transactions.
Design system architecture with layered security controls.
Implement encryption for transaction data storage and transmission.
Integrate identity verification mechanisms for users.
Develop fraud detection rules based on geographic anomalies.
Maintain audit logs for regulatory compliance.
Simulate currency conversion and international transfers.
Test system performance under high transaction volumes.
Evaluate compliance, scalability, and security effectiveness.
Document implementation challenges and improvements.
