Design of NFC Based Micro-payment to Support MD Authentication and Privacy for Trade Safety in NFC Applications
ByungRae Cha, JongWon Kim · 2013
Near Field Communication (NFC) is an integration of contact less smart card communication technology into mobile devices, such as smart phones. NFC technology provides three operating modes and each mode differs from each other in terms of communication and data processing model. We design the NFC based Micro-payment system and security functions for trade safety. The sales of small retail trade and traditional markets are on a decreasing trend. In order to solve this problem, we propose the Micro-payment model based on NFC, tokenization technique to support the privacy of Micro-payment, and MD authentication technique for fasten Micro-payment in aspect of IT.