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Verification of Money Atomicity in Digital Cash Based Payment System

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Book cover Information Systems Security (ICISS 2012)

Part of the book series: Lecture Notes in Computer Science ((LNSC,volume 7671))

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Abstract

Digital cash, analogous to the paper cash, is a certificate that carries a value. It is issued by an authorized entity and is verifiable by all. It can be used as an instrument for making payments or purchases. Unlike paper cash, being a digital data, it may be easily replicated which gives a scope for duplicate spending of the cash certificates. Digital cash based payment systems can be classified as business critical systems as any failure may lead to loss of trust. Verification of critical requirements of such systems is therefore essential. In this paper, we present refinement approach for construction of the models of the digital cash based payment system using Event-B, wherein we verify how money atomicity property can be preserved in these systems. This ensures that money is neither generated nor destroyed in the electronic payment transactions.

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Author information

Authors and Affiliations

  1. Institute of Engineering and Technology, Lucknow, India

    Girish Chandra

  2. Department of Computer Science, South Asian University, New Delhi, India

    Divakar Yadav

Authors
  1. Girish Chandra
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  2. Divakar Yadav
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Editor information

Editors and Affiliations

  1. Department of Computer Science, University of Illinois at Chicago, 60607-7053, Chicago, IL, USA

    Venkat Venkatakrishnan

  2. Department of Computer Science and Engineering, Indian Institute of Technology, 781039, Guwahati, Assam, India

    Diganta Goswami

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Chandra, G., Yadav, D. (2012). Verification of Money Atomicity in Digital Cash Based Payment System. In: Venkatakrishnan, V., Goswami, D. (eds) Information Systems Security. ICISS 2012. Lecture Notes in Computer Science, vol 7671. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-35130-3_18

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  • DOI: https://doi.org/10.1007/978-3-642-35130-3_18

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-35129-7

  • Online ISBN: 978-3-642-35130-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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