Some design considerations for a mobile payment architecture
17 Mar 2011-pp 1-5
TL;DR: The focus, in this paper, will be on certain design considerations for a mobile payment architecture that addresses the challenges and opportunities of the rapidly proliferation of mobile phones.
Abstract: The rapid proliferation of mobile phones now provides an opportunity to harness their potential towards financial transactions. One form of such financial transactions is mobile payments. Our focus, in this paper, will be on certain design considerations for a mobile payment architecture.
Citations
More filters
TL;DR: This paper proposes a multi modal biometric authentication procedure with respect to payment systems and integrates this model with the existing multi server authentication model for the purpose of maintaining security and accessing different servers (websites).
Abstract: Mobile payments have become an important application in daily activities. The unique advantage of mobile payments over traditional payments has led to tremendous growth of mobile phones. The strong demand of mobile applications raised increased concern on the security of mobile applications as well as devices. New mobile devices are developed to serve various functions like storing sensitive information, accessing this information as well transacting this information through payment systems. In order to protect this information and mobile devices, a well defined authentication system is mandatory. Biometric authentication is much more safe and secure and very easy to use. In this paper we propose a multi modal biometric authentication procedure with respect to payment systems and integrate this model with our previous work. The aim of this paper is to integrate the proposed payment model with multi server authentication model for the purpose of maintaining security and accessing different servers (websites). The system providing resources to be accessed over the network often consists of many different servers through out the world. The distribution of the remote system hardware in different places makes the user access the resources more efficiently and conveniently.
15 citations
28 Oct 2012
TL;DR: This research intends to explore, analyze, and develop mobile money information system architecture in the context of everyday money practices by investigating the different use cases of money by rural Ethiopians and business people in Merkato to come up with comprehensive architecture.
Abstract: Most previous studies about mobile money are based on secondary data focusing on technical issues, bank-centric, considered payment function of money and overlooked how individuals store digital value, and are based on financial practice of individuals in developed nations. But for the development of cashless societies, end-to-end digital transactions, and digital currency value storage etc, it is important to understand individuals' everyday financial practices and behavior. This research intends to explore, analyze, and develop mobile money information system architecture in the context of everyday money practices. The data for this research will be collected from two contexts (1) from rural Ethiopians who cannot read and write even their names and who identify currency notes and coins based on size and color, and (2) from a big open air market in Ethiopia, called Merkato, located at the center of the capital, Addis Ababa. In this context, the purpose of this study is threefold (1) to investigate the different use cases of money (as related to social, religious, economic, and cultural practices) by rural Ethiopians and business people in Merkato so as to come up with comprehensive architecture, and (2) to investigate how to map those design concepts (money practices) into their technical features, and (3) to investigate how complex will such architecture be for rural people who cannot read and write.The output of the study will contribute towards the development of an end-to-end mobile money platform (cashless transactions and digital value storage). Methodologically, this study will use ethnographic methods for filed data collection, and design science research approaches and procedures for designing the architecture.
9 citations
Cites background from "Some design considerations for a mo..."
...Majority of existing mobile money architectures, for example [8] [16] [29] [50] link subscribers’ phone number with their bank account and enable individuals make their payments through their banks....
[...]
IBM1
TL;DR: This work presents an architecture for interoperable wallet service, along with the implementation of a system that demonstrates the use of QR-codes as standardized tokens for transactions, and the lifecycle management of a token.
Abstract: Advancement in mobile technology, coupled with a market wide growth in mobile subscriber base, is encouraging financial, telecom and even third party operators to offer mobile payment services. In presence of a plethora of such services, an imminent problem is lack of interoperability across them. In this work, we address the challenge of interoperability by designing a wallet service built upon a concept of token. A token encapsulates a payment instruction, which can be of different types, such as instant, dated or installment payment. A token is represented by a Info-Matrix code, viz. Quick-Response (QR) code, thereby bringing in additional advantages in terms of user interactions with the wallet service. We present the lifecycle management of a token, beginning with token generation on user request, transfer of token, and acknowledged receipt and encashment of a token. This work presents an architecture for interoperable wallet service, along with the implementation of a system that demonstrates the use of QR-codes as standardized tokens for transactions.
7 citations
Cites background from "Some design considerations for a mo..."
...has proposed architectural choices for interoperability [13], [14]....
[...]
01 Jan 2014
TL;DR: This work will be designing a mobile payment system integrated with biometric authentication model which will provide the facility of mobile payments with increased security levels and that it would enable more and more people to use mobile payments system even with the simplest mobile phones.
Abstract: As mobile technology is growing; the payment technology is also growing with it, which enables end-to-end payment processing system in context of daily routine transactions or associated business (sales) transactions. It offers enormous flexibility to customers as to pay their bills anytime and anywhere without having the need to go outside. But inspite of all the benefits mobile payments are not very common since everyone does not possess a phone with such capabilities. Also with the ease of m-payments comes the issue of security, especially, authentication issue. Thus, we will be designing such a mobile payment system integrated with biometric authentication model which will provide the facility of mobile payments with increased security levels and that it would enable more and more people to use mobile payment system even with the simplest mobile phones.
5 citations
01 Jan 2012
TL;DR: A mobile payment model with barcodes for mobile users to improve mobile user experience in mobile payment and provides distinct advantages to support buy-and-sale products and services based on 2D Barcodes.
Abstract: Mobile payment is an application of mobile commerce which facilitates mobile commerce transactions by providing the mobile customer with a convenient means to pay. Many mobile payment methods have been proposed and implemented like user friendly, customer centric, merchant centric where security concerns are highly addressed. This paper proposes a mobile payment model with barcodes for mobile users to improve mobile user experience in mobile payment. Unlike other existing mobile payment systems, the proposed payment solution provides distinct advantages to support buy-and-sale products and services based on 2D Barcodes. The aim of this work is to integrate a model of payment with the financial services, including payment and banking ones, based on two primary capabilities: the use of computational resources of a trusted mobile device and the establishment of a user controlled channel with the customer‟s bank. The proposed architecture is characterized bank-centric, since the bank acts consultatively, informatively and protectively for the end user and it offers flexibility, adaptability and continuous extendibility to open technologies.
4 citations
References
More filters
14 Jan 1963
TL;DR: The organization of information placed in the points of an automatic computer is discussed and the role of memory, storage and retrieval in this regard is discussed.
Abstract: : The organization of information placed in the points of an automatic computer is discussed. (Author)
846 citations
16 Oct 1978
TL;DR: This paper shows how to imbed in this framework the best known balanced tree techniques and then use the framework to develop new algorithms which perform the update and rebalancing in one pass, on the way down towards a leaf.
Abstract: In this paper we present a uniform framework for the implementation and study of balanced tree algorithms. We show how to imbed in this framework the best known balanced tree techniques and then use the framework to develop new algorithms which perform the update and rebalancing in one pass, on the way down towards a leaf. We conclude with a study of performance issues and concurrent updating.
711 citations
"Some design considerations for a mo..." refers methods in this paper
...Though the ADT is based on a Binary Search Tree, any self-balancing tree, such as Red-Black trees [8] or AVL...
[...]
TL;DR: This article examines a new technology application which is coming into its own around the world, in association with the revolution in wireless connectivity: mobile payments and applies a robust evaluative framework that permits identification of the relevant stakeholders and applicable theory in the analysis of consumer, firm, business process, market, industrial and social issues.
510 citations
"Some design considerations for a mo..." refers background in this paper
...helps in the exchange of information required for the actual transfer of money [3] [4]....
[...]
TL;DR: The aim of this work is to introduce the reader to mobile payments, present current concepts and the motivation behind it, and provide an overview of past and current efforts as well as standardization initiatives that guide this rapidly evolving domain.
Abstract: It is predicted that mobile applications will become an integral part of our lives at the personal and professional level. Mobile payment (MP) is a promising and exciting domain that has been rapidly developing recently, and although it can still be considered in its infancy, great hope is put on it. If MP efforts succeed, they will boost both e- and m-commerce and may be the killer service in 2.5 G and beyond future ambient intelligence infrastructures. This article introduces the mobile payment arena and describes some of the most important mobile payment procedures and consortia that are relevant to the development of mobile payment services. The aim of this work is to introduce the reader to mobile payments, present current concepts and the motivation behind it, and provide an overview of past and current efforts as well as standardization initiatives that guide this rapidly evolving domain.
297 citations
"Some design considerations for a mo..." refers background in this paper
...helps in the exchange of information required for the actual transfer of money [3] [4]....
[...]
...For any mobile payment architecture to be widely adopted, the following challenges need to be overcome: (1) Interoperability, (2) Usability, (3) Simplicity, (4) Universality, (5) Security, (6) Privacy, (7) Trust, (8) Cost, (9) Speed and (10) Crossborder payments [4]....
[...]
15 Mar 2010
TL;DR: This paper proposes new mobile payment architectures that support interoperability in India and recommends that initially the peer-to-peer design is chosen, and once the technology is more widespread, the central database option should be adopted.
Abstract: Mobile payments are a new and alternative payment method. Instead of using traditional methods like cash, cheque, or credit cards, a customer can use a mobile phone to transfer money or to pay for goods and services. Mobile payments have numerous advantages over traditional payment methods. Apart from their apparent flexibility, they enable consumers who do not have easy access to banking facilities to participate readily in financial transactions. Unfortunately, existing mobile payment solutions in India are not interoperable; i.e. they only offer services for merchants registered with them and do not allow the transfer of money to, or between, users of other payment providers. This limitation reduces the widespread adoption of mobile payments. In this paper, we propose new mobile payment architectures that support interoperability. A key technical aspect of the mobile payment process is to lookup customer details, for which we propose the following three design options: (1) a central database, (2) a peer-to-peer query, or (3) a hierarchical lookup. These options are evaluated using relevant metrics such as the complexity of implementation and scalability with respect to system size. Based on our evaluation we recommend that initially the peer-to-peer design is chosen, and once the technology is more widespread, the central database option should be adopted.
15 citations
"Some design considerations for a mo..." refers background in this paper
...We now recapitulate the architecture proposed in [1]; also see [2] for further reference....
[...]
...An architecture was proposed previously in [1] [2], which addresses the concern of interoperability....
[...]