Business models and transactions in mobile electronic commerce: requirements and properties

Advances in wireless network technology and the continuously increasing number of users of hand-held terminals make the latter a possible channel for o€ering personalized services to mobile users and give pace to the rapid development of mobile electronic commerce (MEC). MEC operates partially in a di€erent environment than Internet e-commerce due to the special characteristics and constraints of mobile terminals and wireless networks and the context, situations and circumstances in which people use their hand-held terminals. In this paper, we discuss the business models in MEC and transaction modeling issues pertinent for the business models and the environment.