Secure Mobile Payment Systems
Jesús Téllez Isaac, Sherali Zeadally · IT Professional · 2014
The last two decades have witnessed explosive growth in the emergence of various types of mobile computing technologies that have empowered users to access services anywhere, anytime, and from various types of portable devices. Technological advances such as low-cost, high-performance user devices (such as phones), high-speed cellular access, secure communication protocols, and the Internet have accelerated the design and deployment of mobile payment (m-payment) systems and applications, which have been gaining rapid acceptance in many parts of the world. Security is of paramount importance for all parties (users, merchants, banks, and so on) involved in m-payment systems and interactions. The authors discuss various security issues that need to be taken into account during the design and implementation of m-payment systems. They also review security solutions that are used to support end-to-end secure m-payment transactions. Finally, they highlight some of the future challenges and opportunities of m-payment systems as they become fully integrated with other emerging technologies such as fifth-generation mobile networks and cloud computing. This article is part of a special issue on mobile commerce.