scholarly journals Security and Privacy of Mobile Payments

2020 ◽  
pp. 25-30
Author(s):  
Oksana Slepova
Keyword(s):  
Security And Privacy ◽  
Mobile Banking ◽  
Malicious Software ◽  
Financial Applications ◽  
Mobile Payments ◽  
Online Purchases ◽  
Digital World ◽  
Safety Technique

The latest smartphones make life easier for their customers. Mobile banking in smartphones is no longer news, but users are just getting used to the opportunity to pay for a purchase by touching the gadget to the terminal using the contactless payment technology. Going into the digital world is fraught with the illusion of security: a smart gadget stands up for itself. But this is true only partly – security depends primarily on the behavior of the user. Therefore, no matter what financial applications are installed on your smartphone, you first need to master the safety technique of mobile payments. As a result of the study, it is necessary to conclude that payment applications should not think about their own solutions, but only need to properly configure the work of pre-installed solutions in smartphones, as well as: 1) regularly check your devices for malicious software; 2) do not enter card data on other people’s computers and smartphones; 3) use stores that use a secure HTTPS connection; 4) to pay for online purchases, it is better not to use your main card, but to have a virtual card.

Ethiopian mobile banking begins a slow expansion phase

2015 ◽  
Keyword(s):  
Mobile Banking ◽  
African Countries ◽  
Foreign Investors ◽  
Expansion Phase ◽  
Content Type ◽  
Mobile Payments ◽  
Slow Expansion ◽  
National Bank ◽  
Roll Out

Subject Mobile banking in Ethiopia. Significance A significant increase in the roll-out of mobile banking platforms is underway. In December, the Irish-linked mobile banking platform m-Birr received regulatory approval and expects to add 13,000 users during February. The National Bank of Ethiopia's (NBE) mobile banking framework adopted in January 2013 was stymied by a 6,000-birr (295 dollar) cap on transactions and a requirement for printed receipts for transactions at branches. However, the roll-out of an agent network like m-Birr could change the sector's fortunes. Impacts Mobile payments services will spur demand for telecommunications, but strain the capacity of state monopoly Ethio Telecom. However, compared to the experience of private-sector driven processes in other African countries, take-up will grow at a modest pace. The role of foreign investors is likely to remain limited to technology provision.

scholarly journals Using the Same PayWord Chains Associated with a Single Account from Multiple Mobile Devices

2020 ◽  
Vol 2020 ◽  
pp. 1-6
Author(s):  
Tao-Ku Chang ◽  
Fu-Hao Yeh
Keyword(s):  
Mobile Devices ◽  
Personal Data ◽  
Security And Privacy ◽  
Mobile Payments ◽  
Multiple Devices ◽  
Privacy Risks

Customer awareness and interest in mobile payments are increasing. However, security and privacy risks remain major barriers to their adoption, with customers worrying about their personal data being hacked or intercepted. In this paper, we present the design of a secure scheme for mobile payments that can guarantee mutual nonrepudiation between the customer, merchant, and banker. A customer can use the proposed scheme to make a payment with the same PayWord chains of a single account from multiple devices.

A Study on the Impact of Employee Training and Stimulus on Business Recital with Indication to Public and Private Banks of India

2017 ◽  
Vol 7 (02) ◽  
Author(s):  
Khalid Syeed Uddin
Keyword(s):  
Perceived Risk ◽  
Negative Impact ◽  
Financial Institution ◽  
Security And Privacy ◽  
Mobile Banking ◽  
Public And Private ◽  
Banking Services ◽  
Descriptive Research ◽  
User Adoption ◽  
The Impact

Financial institution that offered mobile applications to the consumers should give attention to the perceived risk factors of Mobile Banking adoption in order to retain existing customers as well as attract new consumers. The study suggests that banks should build an application with features to facilitate users’ assessment of Mobile Banking services and thus minimize the perceived risk and maximize the perceived ease of Mobile Banking services. The impact of risk and trust on Mobile Banking adoption has also been examined and shown to be significant to Mobile Banking adoption in the context in India. This study is based on the Descriptive research, where valid responses are collected from the respondent by filling questionnaire. Keeping the TAM proposed by Davis as a theoretical basis, an extended TAM incorporating security and privacy related issues for Mobile Banking adoption is conceptualized. The paper reveals that perceived risk has a negative impact on behavioural intention of Mobile Banking adoption and trust has a negative impact on perceived risk. A well-designed mobile application was also found to be helpful in facilitating easier use and minimizing perceived risk concerns regarding Mobile Banking usage. The purpose of this paper is to examine the effect of perceived risk on Mobile Banking user adoption.

scholarly journals Internet of Things: Evolution, Concerns and Security Challenges

Sensors ◽  
2021 ◽  
Vol 21 (5) ◽  
pp. 1809
Author(s):  
Parushi Malhotra ◽  
Yashwant Singh ◽  
Pooja Anand ◽  
Deep Kumar Bangotra ◽  
Pradeep Kumar Singh ◽  
...  
Keyword(s):  
Internet Of Things ◽  
Intrusion Detection ◽  
Intrusion Detection System ◽  
Detection System ◽  
Security And Privacy ◽  
Research Assessment ◽  
The Internet ◽  
Digital World ◽  
Network Intrusion ◽  
Depth Analysis

The escalated growth of the Internet of Things (IoT) has started to reform and reshape our lives. The deployment of a large number of objects adhered to the internet has unlocked the vision of the smart world around us, thereby paving a road towards automation and humongous data generation and collection. This automation and continuous explosion of personal and professional information to the digital world provides a potent ground to the adversaries to perform numerous cyber-attacks, thus making security in IoT a sizeable concern. Hence, timely detection and prevention of such threats are pre-requisites to prevent serious consequences. The survey conducted provides a brief insight into the technology with prime attention towards the various attacks and anomalies and their detection based on the intelligent intrusion detection system (IDS). The comprehensive look-over presented in this paper provides an in-depth analysis and assessment of diverse machine learning and deep learning-based network intrusion detection system (NIDS). Additionally, a case study of healthcare in IoT is presented. The study depicts the architecture, security, and privacy issues and application of learning paradigms in this sector. The research assessment is finally concluded by listing the results derived from the literature. Additionally, the paper discusses numerous research challenges to allow further rectifications in the approaches to deal with unusual complications.

scholarly journals Exploring Impact of Consumer and Product Characteristics on E-Commerce Adoption: A Study of Consumers in India

2011 ◽  
Vol 2 (2) ◽  
pp. 35-64 ◽  
Author(s):  
Sanjay K. Jain ◽  
Manika Jain
Keyword(s):  
Online Shopping ◽  
Product Category ◽  
Security And Privacy ◽  
Primary Data ◽  
Product Characteristics ◽  
Related Factors ◽  
Factors Affecting ◽  
Online Purchases ◽  
The Impact ◽  
Shopping Satisfaction

The paper aims at examining the impact of various consumer and product characteristics on adoption of e-commerce among consumers in India. The study is based on primary data collected through survey of consumers residing in and around Delhi. A structured non- disguised questionnaire has been employed for collecting the information from the respondents about their demographics, shopping orientations, security and privacy concerns, technological familiarity, past online shopping experiences and intentions to buy various types of products through internet in future. Past online shopping satisfaction, recreational shopping orientation, education and income emerge as significant factors affecting consumer past online purchases. In respect of future online shopping intentions, only three consumer-related factors viz., past online shopping satisfaction, past online shopping frequency and education, are found as significant predictors. Amongst product characteristics, product expensiveness is found to be negatively related to consumer future online purchase intentions. While consumers appear quite willing to buy services online that are high in their intangible value proposition, they appear somewhat ambivalent in their intentions to buy online the 'frequently purchased products'. Some of the consumer and product characteristics do influence consumer adoption of e-commerce. Study findings entail interesting implications for the marketers. They need to give adequate attention to consumer and product characteristics while designing their e-marketing strategies. As compared to goods, the surveyed respondents have expressed greater willingness to buy services online in future. Services thus appear to be more promising product category for sale through internet channel in future.

Dual-Factor Approach to Consumer Acceptance of Mobile Banking

2021 ◽  
Vol 12 (1) ◽  
pp. 1-27
Author(s):  
Donald Amoroso ◽  
Osam Sato ◽  
Pajaree Ackaradejruangsri
Keyword(s):  
Consumer Satisfaction ◽  
Structural Equation ◽  
Factor Model ◽  
Strong Predictor ◽  
Equation Model ◽  
Consumer Acceptance ◽  
Mobile Banking ◽  
Research Model ◽  
Continuance Intention ◽  
Financial Applications

This study builds on relationship marketing literature and extends existing continuance intention theories by applying dual-factor model to understand the complex behaviors of Japanese consumers and continuance intention of using mobile financial applications, such as mobile banking and/or mobile wallet. The research model, originally developed by Amoroso and Chen, has been adopted and data collected with a sample of 513 Japanese mobile banking app consumers. A predictive structural equation model was derived from the covariance matrix and was produced to analyze the path coefficients. The results show a general support for continuance intention to use mobile banking technologies among Japanese consumers. The results show Japanese consumer satisfaction is found to be a strong predictor of loyalty and continuance intention, directly affected by perceived value, perceived enjoyment, and inertia/habit. While loyalty is found to be a key construct to directly affect continuance intention, a very strong predictor of continuance intention among Japanese mobile banking apps users.

Enablers and Inhibitors of Merchant Adoption of Mobile Payments

2020 ◽  
pp. 227-250
Author(s):  
Eunice Yeboah Afeti ◽  
Joshua Ofori Amanfo
Keyword(s):  
Business Models ◽  
Service Providers ◽  
Security And Privacy ◽  
Mobile Payment ◽  
Privacy Concerns ◽  
Mobile Payments ◽  
Brick And Mortar ◽  
New Business ◽  
New Business Models

Merchant adoption of mobile payments is facilitating new business models and changing the way merchants run their brick and mortar businesses. Despite the advantages of mobile payment adoption to the merchant, they still hesitate to adopt mobile payments. Thus, the study seeks to explore qualitatively through a case study the enablers and inhibitors to merchant adoption of mobile payments. The study identified that merchants are adopting mobile payments to facilitate new business models, to promote the disintermediation of traditional intermediaries, to offer different possibilities of growing their businesses, and to reduce transaction costs. Even though merchants believe that mobile payments adoption and use improve operational efficiency to their businesses, there are instances of fraud, particularly in the peer-to-peer transfer sector, data breaches, data security, and privacy concerns. Therefore, it is imperative for service providers of mobile payments to enhance technological issues regarding privacy protection that could enhance trust towards mobile payment adoption.

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