A Study on Mobile payment in mobile e-commerce

Mobile payment is implied as the accelerator of e-business and m-commerce. Currently mobile payments deal with several hindrances to improve requirements of m-commerce such as: simplifying the mobile payment processes for consumers, improving the security of payment, especially the application of digital signing in mobile payment. In this paper the alternate payments industry is defined as consisting of the following segments: on line payments, mobile payments and contactless payments. As mobile and Smartphone penetration increases and mobile internet usage accelerates, the mobile payment segment will witness substantial growth rates. We describe three mobile payment methods using two party value chain, three party value chain and four party value chain payments for mobile commerce applications, and person-to-person mobile payment. Furthermore, security policies between the security properties of the payment application and the resource limitations are defined. It not only provides strong security but also makes the system open to common payment. The Mobile Payment based on statistical techniques such as percentage method, chi-square method and Super SET protocol has improved the whole transaction process of the mobile e-payment transaction and all the parties interests have been guaranteed practically.