Blockchain-Based Cloud-Native Solutions to Boost Bank Credit Card Processing Effectiveness

• Author(s): Jeyasri Sekar
• Paper ID: 1704944
• Page: 449-456
• Published Date: 30-10-2023
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 7 Issue 3 September-2023

Abstract

The advent of blockchain technology and cloud-native solutions represents a transformative shift in the landscape of credit card processing. Blockchain’s decentralized and immutable ledger enhances transaction security and transparency, while cloud-native architectures offer scalability and operational efficiency. This paper explores the integration of these technologies into credit card processing systems, highlighting their potential to address longstanding challenges such as fraud prevention, transaction speed, and system reliability. Through case studies of industry leaders and analysis of recent developments, the paper demonstrates how blockchain and cloud-native solutions can revolutionize credit card processing, providing more secure, efficient, and flexible services. However, the adoption of these technologies also presents challenges, including scalability issues, integration with legacy systems, regulatory compliance, and cost considerations. The paper concludes by examining future trends and potential developments that could further influence the evolution of credit card processing in the digital age.

Keywords

Blockchain, Cloud-Native Solutions, Credit Card Processing, Financial Technology, Fraud Prevention, Scalability, Transaction Speed, System Integration

Citations

IRE Journals:
Jeyasri Sekar "Blockchain-Based Cloud-Native Solutions to Boost Bank Credit Card Processing Effectiveness" Iconic Research And Engineering Journals Volume 7 Issue 3 2023 Page 449-456

IEEE:
Jeyasri Sekar "Blockchain-Based Cloud-Native Solutions to Boost Bank Credit Card Processing Effectiveness" Iconic Research And Engineering Journals, 7(3)