A cryptographically sound Dolev-Yao style security proof of an electronic payment system

We present the first cryptographically sound Dolev-Yao-style security proof of a comprehensive electronic payment system. The payment system is a slightly simplified variant of the 3KP payment system and comprises a variety of different security requirements ranging from basic ones like the impossibility of unauthorized payments to more sophisticated properties like disputability. We show that the payment system is secure against arbitrary active attacks, including arbitrary concurrent protocol runs and arbitrary manipulation of bitstrings within polynomial time if the protocol is implemented using provably secure cryptographic primitives. Although we achieve security under cryptographic definitions, our proof does not have to deal with probabilistic aspects of cryptography and is hence within the scope of current proof tools. The reason is that we exploit a recently proposed Dolev-Yao-style cryptographic library with a provably secure cryptographic implementation. Together with composition and preservation theorems of the underlying model, this allows us to perform the actual proof effort in a deterministic setting corresponding to a slightly extended Dolev-Yao model.