The way people do the business and transactions are changing drastically with the advent of Information Technology. The customer wants to access information, goods and services any time and in any place on his mobile device. Receiving financial data, trade on stock exchanges, accessing balances, paying bills and transfer funds using SMS are done through mobile phones. Due to involvement of valu...

This paper presents empirical results of a study intended to evaluate the use of mobile devices for online payments. The mobile device can be used as an assistance device to increase consumer use of online payment systems. The data reported in this study was collected by surveying participant opinions in a free simulation experiment of mobile payment attributes. The study adopted some factors t...

With the rapid development of the Internet and information technology, electronic commerce system is flourishing. In electronic commerce, customers use electronic money (e-money) instead of cash. E-money in wide use includes electronic cash, electronic checks, electronic coupons, and so on. E-money is fixed at face-value and is backed by banks. The fact that e-money is not issued in the actual ...

As mobile technologies and services are in stable development, many wonder on whether or not mobile payments will be a destroyer function for mobile commerce. To have an improved considerate of the market, presently there is a require to inspect not only the technology but also the different players that are implicated. This paper investigates the use of mobile payment systems, technologies and...

The mobile payment services markets are currently under transition with a history of numerous tried and failed solutions, and a future of promising but yet uncertain possibilities with potential new technology innovations. At this point of the development, we take a look at the current state of the mobile payment services market from a literature review perspective. We review prior literature o...

According to an old telecom saying, no service can be considered as such, unless you can charge for it. Mobile payment (MP) is a term used to describe any payment where a mobile device is used in order to initiate, activate and/or confirm this payment. Contrary to popular belief, mobile payments do not restrict themselves to payments via mobile phone but can be made by virtually any mobile devi...

II HELSINKI UNIVERSITY OF TECHNOLOGY ABSTRACT OF MASTER’S THESIS Abstract Author: Teppo Halonen Name of thesis: A System for Secure Mobile Payment Transactions Date: 3 January 2002 Pages: 78 Department: Department of Computer Science and Engineering Chair: Tik-110 Supervisor: Professor Teemupekka Virtanen Instructor: M.Sc. Kimmo Rytkönen A need for secure payment methods in the mobile access ch...

The task of this background paper is to show that m-payments are likely to become an important section of the retail payment sector and to identify future policy issues related to the development of mobile payments. Both the current market penetration of mobile phones and the expected growth of m-commerce make it highly likely that m-payments will grow considerably within the next few years. Wh...