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September 10, 2025

Development of a Three Factor Authentication System for Online Banking

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Authors

OOOlayiwola Stephen Ojo

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Overview

This examination demonstrates the advantages of a three-factor authentication system for online banking, indicating improved security over two-factor approaches.

Key Points

  • The three-factor authentication system enhances online banking security, addressing critical user account vulnerabilities.
  • It combines traditional username and password criteria with biometrics and one-time passwords for greater security.
  • A comprehensive literature review highlights the advantages and limitations of 3FA compared to two-factor authentication methods.
  • Implementation and performance evaluation of 3FA are critical for empowering financial institutions to bolster customer trust.

Cite This Study

Olayiwola Stephen Ojo (2024) studied this question.

synapsesocial.com/papers/68c1e07d54b1d3bfb60fd471https://doi.org/10.56534/acjpas.v3i2.114
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Multifactor Authentication: Protecting Privacy in the Digital World2024
  2. 2Strengthening Security: Implementation of Multi-Factor Authentication (MFA) in Data Center Environment2024
  3. 3Beyond passwords: A multi‐factor authentication approach for robust digital security2024 · 4 citations
  4. 4An Improved Multifactor Authentication Model for Minimizing Data Breaches and Unauthorized Access2026
  5. 5Multiple biometric authentication for online banking system based on multiple fuzzy approach2025