Etuh E^1,, Obiniyi A.A², Yusuf O. S³, Akinyele O.A⁴

Business transaction since inception from trade by barter to modern e-commerce system constantly faced the challenges of how to minimise fraudulent activities around it. With the advent of Internet, trading has become a global activity where the location of one’s goods and services is no longer important provided there is a connection to the “market”. Serious attention must be given to the security challenges facing the “Market” arising from online authentication mechanisms. Prevalent ones today uses what the user knows (password) or what the user have (token) for authentication, there is a need for a more reassuring proof of identity to make cashless economy a huge success and ensure effective participation in the contemporary E-market. The research work- Secure Online Electronic Transaction (SOET) System integrates the functionality of biometric credential as authentication mechanism to ensure secured transactions over the network in an E-market of a cashless society.

authentication, E-commerce, E-payment, E-market, E-transaction, cashless society