M-payment systems and procedures: state-of-the-art and perspectives
by Francesco Vatalaro; Alessandro Vizzarri
International Journal of Management and Network Economics (IJMNE), Vol. 3, No. 4, 2016

Abstract: In only a few ten years payment systems have undergone an incredible evolution passing from a physical transfer of cash to transactions exchanging money as digital data. Mobile payment (m-payment) refers to one type of electronic payment, performed through mobile devices, such as mobile phones, smartphones, and tablets. To ensure trust and avoid frauds severe security requirements must be imposed. In addition, interoperability and privacy requirements, as well as speed of execution and ease-of-use are mandatory requirements, too. Several technical solutions have been proposed, associated to generally incompatible business models. From the end-users point of view, the result of an m-payment transaction is just one transfer of money from customer to merchant. However, to get this simple result, m-payments use a plethora of sophisticated technologies, including SMS, NFC, high-frequency sound waves, and software apps. The heterogeneity of m-payment systems and economic models is an important challenge for their diffusion in the next years. Having described the main requirements, technical characteristics and different business models of m-payment, this paper underlines relationship of technological and business approach to m-payment systems.

Online publication date: Wed, 19-Oct-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management and Network Economics (IJMNE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com