Authors: Bennett Gackle; Yanjun Zuo
Addresses: College of Business and Public Administration, University of North Dakota, 293 Centennial Drive, Gamble Hall, Grand Forks, ND 58202, USA ' College of Business and Public Administration, University of North Dakota, 293 Centennial Drive, Stop 8363, Grand Forks, ND 58202, USA
Abstract: In this paper, we present a new approach for credit extended mobile phone payment. As an important component of m-commerce, mobile phones have been enabled to conduct micro-purchases for digital contents for a small price. Currently, mobile phone companies have expanded this to purchasing tangible items such as a Coca-Cola or other vending items through a radio frequency identification device chip. This paper will explore the idea to expand beyond micro-purchases and essentially use the mobile phone, the mobile network operator (mobile phone carrier), and an embedded near-field-communication (NFC) chip to make full purchases similar to credit cards. We have developed the business model and a technical framework to support and implement the proposed strategy.
Keywords: mobile phone payments; business information systems; strategy; m-commerce; mobile commerce; security; credit; mobile phones; cell phones; radio frequency identification; RFID devices; near field communication; NFC chips; business models.
International Journal of Business Information Systems, 2014 Vol.15 No.4, pp.434 - 449
Published online: 07 Jun 2014 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article