Security for SEPA Bank Servers inA Cloud Environment

Abstract: Due to Information Technology (IT) the world has become a global village. We can get information from anywhere on a single click. IT in banking sector connects banks with each other based on their location. Everyone in global world wants a quick response to any query they make. In Eurozone, within each country, banks are centralized and work very well at a national level. Problem arises when they do transactions outside the country, convert money to other currency, charge bank fee, the time it takes to complete the transaction, and much more. Business committee and ordinary person suffer because they want transactions to be completed within few minutes. Research is carried out on how to solve this issue. European Union took initiative to remove barriers, implement one currency system and connect member states. For this purpose EU launched a Single Euro Payments Area (SEPA) system to facilities people and businessman. Our project focuses on development of such infrastructure, where we can provide solution for their problem. After initial study of this area, we found module for secure server in SEPA system. Therefore we configure appropriate servers, setup connections between them for communication with basic security. After implemen tation of secure server’s platform together with other applications, we developed solution of cross-border transactions named SEPA secure banking, which is our area for banking system. We provide secure communications between SEPA servers in a SEPA secure banking system.