scholarly journals Addressing the Trust Factor in Mobile Payments through Enhanced Security Controls

2019 ◽  
Vol 8 (3) ◽  
pp. 6769-6773
Keyword(s):  
Mobile Technology ◽  
Mobile Networks ◽  
Payment System ◽  
Mobile Payment ◽  
Payment Systems ◽  
Security Issues ◽  
Mobile Payments ◽  
Security Controls ◽  
Fast Development ◽  
High Uncertainty

Trust plays a key role in the acceptance of a new payment system and is at the heart of any method of payment. Companies have been using mobile payments for over a decade. Because of the high uncertainty and security issues accompanying mobile payment, developing trust of users is critical to enable their adoption and use. Customers will use mobile payments as long as they have trust in this relatively new mode of payment together with dependence on its services and applications. In this context, recent studies indicate that trust in mobile payment systems (MPS) is not uniform among users despite the fast development of mobile technology and the new modes of payment. The aim of this paper is to provide a number of suggestions to assist developing greater trust in the mobile networks and provide customers with a secure and befitting experience that will influence mobile payment adoption in turn

Analysis of a Mobile Payment Scenario

2021 ◽  
pp. 452-477
Author(s):  
Iviane Ramos de Luna ◽  
Francisco Montoro-Ríos ◽  
Myriam Martínez-Fiestas ◽  
Luis-Alberto Casado-Aranda
Keyword(s):  
Scientific Literature ◽  
Payment System ◽  
Mobile Payment ◽  
Payment Systems ◽  
Consumer Adoption ◽  
Mobile Payments ◽  
History Of

The objective of this chapter is to evaluate the scenario in which mobile payments are currently inserted to offer those interested in developing research in this area a broader understanding of the mobile payment ecosystem and its evolution. A study by Dahlberg, Guo, and Ondrus revealed that researchers are focusing on the same topics (especially consumer adoption and technological aspects) with a limited accumulation of foreground. Therefore, it is believed that the limited scientific literature regarding the history of mobile payment and its development in recent years surely makes it difficult to generate research on other perspectives. In this way, this chapter presents the general scenario of financial technologies, explaining how these changes completely changed the global economic scenario and gave rise to innovations in financial solutions for companies and consumers. The authors conclude the article by giving some recommendations for the diffusion of this payment system and for future investigations of mobile payment systems.

Understanding Drivers and Barriers Affecting Merchants' Adoption of Mobile Payments

2020 ◽  
pp. 48-70
Author(s):  
Francisco J. Liébana-Cabanillas ◽  
Luis-Alberto Casado-Aranda ◽  
Diego Gómez-Carmona ◽  
Elena Higueras-Castillo
Keyword(s):  
Literature Review ◽  
Quantitative Study ◽  
Payment System ◽  
Mobile Payment ◽  
Adoption Process ◽  
Payment Systems ◽  
System Cost ◽  
Qualitative And Quantitative ◽  
Mobile Payments ◽  
Qualitative And Quantitative Study

The aim of this chapter is to explore the determinants of mobile payment from the merchants' perspective through a bibliographical review and a qualitative and quantitative study to determine the factors that encourage or obstruct the use of mobile payment tools by merchants. This chapter presents a qualitative and quantitative study on the adoption of mobile payment from the merchants' perspective based on a previous literature review. The results reveal the main barriers in the adoption of the new mobile payment systems (users' lack of knowledge, trust in the payment system, cost of the payment system adoption, and lack of security) as well as the main advantages perceived by merchants (convenience and speed, security, and higher turnover). According to these results, several proposals are put forward for each participant in the adoption process to promote the use of mobile payments as well as some future lines of research.

Analysis of a Mobile Payment Scenario

2020 ◽  
pp. 22-47 ◽  
Author(s):  
Iviane Ramos de Luna ◽  
Francisco Montoro-Ríos ◽  
Myriam Martínez-Fiestas ◽  
Luis-Alberto Casado-Aranda
Keyword(s):  
Scientific Literature ◽  
Payment System ◽  
Mobile Payment ◽  
Payment Systems ◽  
Consumer Adoption ◽  
Mobile Payments ◽  
History Of

The objective of this chapter is to evaluate the scenario in which mobile payments are currently inserted to offer those interested in developing research in this area a broader understanding of the mobile payment ecosystem and its evolution. A study by Dahlberg, Guo, and Ondrus revealed that researchers are focusing on the same topics (especially consumer adoption and technological aspects) with a limited accumulation of foreground. Therefore, it is believed that the limited scientific literature regarding the history of mobile payment and its development in recent years surely makes it difficult to generate research on other perspectives. In this way, this chapter presents the general scenario of financial technologies, explaining how these changes completely changed the global economic scenario and gave rise to innovations in financial solutions for companies and consumers. The authors conclude the article by giving some recommendations for the diffusion of this payment system and for future investigations of mobile payment systems.

The use of statistical methods in the analysis of mobile payment market in Poland

2020 ◽  
Vol 3 (2) ◽  
pp. 45-50
Author(s):  
Artur Borcuch
Keyword(s):  
Economic Growth ◽  
Economic Activity ◽  
Initial Phase ◽  
Positive Impact ◽  
Ease Of Use ◽  
Mobile Payment ◽  
Human History ◽  
Payment Systems ◽  
Mobile Payments ◽  
Payment Instruments

Payments are an inherent element of economic activity (León and Ortega 2018). However, the evolution of payment instruments and the way individuals and businesses make daily payments has undergone enormous change in human history, particularly due to main innovations in payment systems in last decades (Gandhi 2016). The last innovation in payment system concerns mobile payment. The development of mobile payments market can have a positive impact on economic growth (Leon and Rodriguez 2012). Although the Polish market of mobile payments is in the initial phase of development, it is one of the pioneering and leading in Europe and globally. The main purpose of this article is to analyze, which feature (convenience, speed, availability, ease of use, safety) of mobile payments could be the most important for users from Poland.

Mobile Commerce Security and Payment Methods

2011 ◽  
pp. 292-306 ◽  
Author(s):  
Chung-wei Lee ◽  
Weidong Kou ◽  
Wen-Chen Hu
Keyword(s):  
Mobile Networks ◽  
Information Exchange ◽  
Local Area ◽  
Mobile Commerce ◽  
Mobile Payment ◽  
Comprehensive Overview ◽  
Security Issues ◽  
Payment Methods ◽  
Authentication And Authorization ◽  
The Many

Without secure commercial information exchange and safe electronic financial transactions over mobile networks, neither service providers nor potential customers will trust mobile commerce. Various mobile security procedures and payment methods have been proposed and applied to mobile commerce, and this chapter attempts to provide a comprehensive overview of them. A secure mobile commerce system must have the following properties: (i) confidentiality, (ii) authentication, (iii) integrity, (iv) authorization, (v) availability, and (vi) non-repudiation. This chapter discusses the security issues related to the following three network paradigms: (i) wireless local area networks, (ii) wireless wide area networks, and (iii) WAP. Among the many themes of mobile commerce security, mobile payment methods are probably the most important. A typical mobile payment process includes: (i) registration, (ii) payment submission, (iii) authentication and authorization by a content provider, and (iv) confirmation. This chapter also describes a set of standards for mobile payments.

scholarly journals Mobile Payment Adoption in the Age of Digital Transformation: The Case of Apple Pay

2020 ◽  
Vol 12 (13) ◽  
pp. 5443 ◽  
Author(s):  
Francisco Liébana-Cabanillas ◽  
Inmaculada García-Maroto ◽  
Francisco Muñoz-Leiva ◽  
Iviane Ramos-de-Luna
Keyword(s):  
Structural Equation ◽  
Payment System ◽  
Equation Modeling ◽  
Mobile Payment ◽  
Intention To Use ◽  
Online Questionnaire ◽  
Business World ◽  
Mobile Payments ◽  
Widespread Acceptance ◽  
Apple Pay

Current developments in information technology and communications, as well as the significant transformations the business world is being forced to make, are generating an opportunity for widespread acceptance of mobile payments. The present research analyzes the intention to use the Apple Pay mobile payment system, as well as contextualizing and evaluating the different antecedents of its use. To carry out the research, 539 users were invited to respond to an online questionnaire, and an analysis of structural equation modeling was used. The results indicate that perceived value is the variable that most influences the intention to use the proposed payment system, followed by perception of utility and risk. This work has important implications for companies in the sector.

An Improved Authentication Scheme for Electronic Payment Systems in Global Mobility Networks

2015 ◽  
Vol 44 (4) ◽  
pp. 387-403 ◽  
Author(s):  
Mohammad Heydari ◽  
S. Mohammad-Sajad Sadough ◽  
Shehzad Ashraf Chaudhry ◽  
Mohammad Sabzinejad Farash ◽  
Mohammad Reza Aref
Keyword(s):  
Payment System ◽  
Encryption Scheme ◽  
Authenticated Encryption ◽  
Payment Systems ◽  
Electronic Trade ◽  
Security Issues ◽  
Payment Schemes ◽  
And Performance ◽  
Automated Tool ◽  
Very High

The use of e-payment system for electronic trade is on its way to make daily life more easy and convenient‎. ‎Contrarily‎, ‎there are a number of security issues to be addressed‎, ‎user anonymity and fair exchange have become important concerns along with authentication‎, ‎confidentiality‎, ‎integrity and non-repudiation‎. ‎In a number of existing e-payment schemes‎, ‎the customer pays for the product before acquiring it‎. ‎Furthermore‎, ‎many such schemes require very high computation and communication costs‎. ‎To address such issues recently Yang et.al‎. ‎proposed an authenticated encryption scheme and an e-payment scheme based on their authenticated encryption‎. ‎They excluded the need of digital signatures for authentication‎, ‎further they claimed their schemes to resist replay‎, ‎man-in-middle‎, ‎impersonation and identity theft attack‎, ‎while providing confidentiality‎, ‎authenticity‎, ‎integrity and privacy protection‎. ‎However our analysis exposed that Yang et al.'s both authenticated encryption scheme and e-payment system are vulnerable to impersonation attack‎. ‎An adversary just having knowledge of public parameters can easily masquerade as a legal user‎. ‎Furthermore‎, ‎we proposed improved authenticated encryption and e-payment schemes to overcome weaknesses of Yang et al.'s schemes‎. ‎We prove the security of our schemes using automated tool ProVerif‎. ‎The improved schemes are more robust and more lightweight than Yang et al.'s schemes which is evident from security and performance analysis‎.DOI: http://dx.doi.org/10.5755/j01.itc.44.4.9197

scholarly journals Determinants of the Acceptance of Mobile Payment Systems by E-Merchants

2022 ◽  
Vol 20 (1) ◽  
pp. 1-23
Author(s):  
Daniel Możdżyński ◽  
Wojciech Cellary
Keyword(s):  
Behavioral Intention ◽  
Perceived Risk ◽  
Behavioral Intentions ◽  
Payment System ◽  
Mobile Payment ◽  
Payment Systems ◽  
Intention To Adopt ◽  
Business Units ◽  
On Line ◽  
The Relationship

To be effectively deployed, a mobile payment (m-payment) system must be provided by e-merchants and accepted by e-consumers. Although the problem of acceptance of m-payment systems by e-consumers has been widely researched, there are few studies about what actually motivates e-merchants to adopt and deploy these systems in their businesses in the first place. The goal of this research was to discover the behavioral intentions of e-merchants to adopt and deploy an m-payment system. The interviews approach was applied to 347 e-merchants randomly selected from among the whole population of 47,457 independent business units selling goods on-line in Poland. The PLS-SEM method was applied to determine the relationship between variables. Unexpectedly, perceived risk was not a significant factor influencing e-merchants' intention to adopt an m-payment system. The e-merchants’ behavioral intention was significantly impacted by the expected usefulness, perceived ease of deployment and use, perceived cost and price, and hedonic motivation.

scholarly journals Wi-Fi Security Card (WCS): A Novel Approach for Secure Payment System

2021 ◽  
Vol 3 (2) ◽  
pp. 158-161
Author(s):  
Sumit Kumar
Keyword(s):  
Financial Services ◽  
Payment System ◽  
The Internet ◽  
Payment Method ◽  
Payment Systems ◽  
Security Issues ◽  
Novel Approach ◽  
Vital Element

The latest technology is turning into a vital element in financial business. This paper presents a proposed system called Wi-Fi Security Card (WCS) based on the very common and growing problem of electronic transaction fraud in the countries of India. To solve such problems, we have proposed a novel secure payment method known as Wi-Fi Security Card (WCS). In this paper, we also compared the WCS system to another existing system called Dropped Card Detection (DCD) and Microcontroller and Sensors (MAS). The main advancement of our system over the existing system is that WCS can also prevent fraudulent transactions. Nowadays, security issues in e-payments are usually more demanding than current security issues on the internet. Our findings may enable e-transaction providers to extend their secure payment systems by increasing their protection as necessary for appropriate financial services.

A Bibliometric Analysis of Research in Mobile Payment Systems

2020 ◽  
Vol 14 ◽  
Author(s):  
Bharti Ramtiyal ◽  
Deepak Verma ◽  
Ajay Pal Singh Rathore ◽  
Sameer Mittal
Keyword(s):  
Bibliometric Analysis ◽  
Payment System ◽  
Research Articles ◽  
Mobile Payment ◽  
Research Institutions ◽  
Large Database ◽  
Payment Systems ◽  
Research Areas

: This article performs bibliometric analysis of Mobile payment system (MPS) research conducted throughout the history. A large database of research articles published in the domain of MPS is created. Major statistical facts are presented like publication growth by years, associated research areas, type of articles, source titles, and country of publication, dominant research institutions, and authors along with journals. Additionally, some future insights for research are presented along with some possible theoretical recommendations that could be tested are proposed.

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