Dynamic Frameworks for Enhancing Security in Digital Payment Systems
DOI:
https://doi.org/10.63282/3050-922X.IJERET-V2I2P104Keywords:
Digital Payment Security, Human-Centered Authentication, Zero Trust Architecture, Inclusive Design, Quantum Readiness, Role-Based Access Control, Regulatory Compliance, Insider Threat Mitigation, Scalable Payment SystemsAbstract
The rapid growth of digital payment technologies has revolutionized global commerce, bringing remarkable benefits but also creating new challenges in security, usability, and regulatory compliance. This study goes beyond traditional security frameworks by addressing real-world gaps in implementation, inclusive design, readiness for quantum threats, and adapting to evolving policies. Taking a comprehensive approach, the research highlights the often-overlooked disconnect between theoretical security models and their practical deployment, particularly in markets facing infrastructure limitations. It underscores the need for human-centered authentication systems, investigates strategies to reduce insider threats, and introduces proactive security measures such as role-based access controls and Zero Trust Architecture. The paper also provides practical strategies for expanding secure digital payment systems at scale without sacrificing usability or compliance, and with an eye toward staying ahead of future technological risks. These insights are intended to help software developers, financial institutions, and policymakers create resilient, inclusive, and regulation-ready payment systems for the decade ahead
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