Evolutionary Game Analysis of the Cooperation Motives of Mobile Operators and Financial Institutions in the Near Field Communication Mobile Payment Industry

2014 ◽  
Vol 496-500 ◽  
pp. 2784-2787
Author(s):  
Mu Hua Wei ◽  
Shou Lian Tang
Keyword(s):  
Financial Institutions ◽  
Service Industry ◽  
Financial Institution ◽  
Near Field ◽  
Evolutionary Game ◽  
Operating Mode ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Mobile Operator ◽  
Leading Mode

Mobile operators and financial institutions are the two major participants in the near field communication (NFC) payment service industry. They provide this service in four different operation modes: mobile operator-financial institution cooperation mode, mobile operators leading mode, financial institutions leading mode, and independent operating mode. The relationship between these two groups is complex because it includes both competition and cooperation. This paper sets up an evolutionary game model to study this special relationship and analyzes the cooperation motives of mobile operators and financial institutions in the NFC mobile payment industry.

scholarly journals Untraceable and Anonymous Mobile Payment Scheme Based on Near Field Communication

Symmetry ◽  
2018 ◽  
Vol 10 (12) ◽  
pp. 685
Author(s):  
Raylin Tso
Keyword(s):  
Mobile Communications ◽  
Service Providers ◽  
Near Field ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Internet Service ◽  
Payment Scheme ◽  
Symmetric Key ◽  
Symmetric Key Cryptography ◽  
Low Entropy

With the developments of mobile communications, M-commerce has become increasingly popular in recent years. However, most M-commerce schemes ignore user anonymity during online transactions. As a result, user transactions may easily be traced by shops, banks or by Internet Service Providers (ISPs). To deal with this problem, we introduce a new anonymous mobile payment scheme in this paper. Our new scheme has the following features: (1) Password-based authentication: authentication of users is done by low-entropy password; (2) Convenience: the new scheme is designed based on near field communication (NFC)-enabled devices and is compatible with EuroPay, MasterCard and Visa (EMV-compatible); (3) Efficiency: users do not need to have their own public/private key pairs and confidentiality is achieved via symmetric-key cryptography; (4) Anonymity: users use virtual accounts in the online shopping processes, thereby preventing attackers from obtaining user information even if the transaction is eavesdropped; (5) Untraceablity: no one (even the bank, Trusted Service Manager (TSM), or the shop) can trace a transaction and link the real identity with the buyer of a transaction; (6) Confidentiality and authenticity: all the transaction is either encrypted or signed by the sender so our new scheme can provide confidentiality and authenticity. We also present the performance and the security comparison of our scheme with other schemes. The results show that our scheme is applicable and has the most remarkable features among the existing schemes.

Financial Experiences, Beliefs, and Near Field Communication Based Mobile Payments Among Young Adults

2020 ◽  
Vol 31 (1) ◽  
pp. 69-82
Author(s):  
Haidong Zhao ◽  
Lini Zhang ◽  
Sophia Anong
Keyword(s):  
Young Adults ◽  
Near Field ◽  
Perceived Usefulness ◽  
Mediating Effect ◽  
Mobile Payment ◽  
Near Field Communication ◽  
Significant Positive Association ◽  
Mobile Payments ◽  
Intention To Adopt ◽  
Nfc Mobile Payment

This study examined a conceptual model on the intention to adopt NFC-based mobile payment that incorporates financial experiences and beliefs. NFC refers to Near Field Communication, a new technology in mobile payments. From an online experimental survey of 463 U.S. young adults, this research found consumers who used cards among their payment methods as opposed to cash-only were less likely to adopt NFC mobile payment. Previous experience in non-NFC mobile payments had a significant positive association with intention to adopt NFC mobile payment. Among the beliefs, consumers with higher trust and higher perceived usefulness about NFC mobile payment had greater intentions to adopt it. Moreover, trust was found to have a mediating effect between non-NFC mobile payment experience and the intention to adopt NFC mobile payment. This study not only provides mobile payment providers with effective marketing strategies to increase consumers' adoption of NFC mobile payment but also provides financial educators with important implications to develop targeted education programs.

Mobile Payment Development in China

2013 ◽  
Vol 464 ◽  
pp. 416-419
Author(s):  
Li Zhao ◽  
Hua Ying Shu
Keyword(s):  
Financial Institutions ◽  
High Speed ◽  
Large Scale ◽  
Rapid Development ◽  
Near Field ◽  
Mobile Internet ◽  
Mobile Payment ◽  
Industry Chain ◽  
3G Network ◽  
Internet Economy

The thesis first analyzes the concept of mobile payment, and then it makes a distinction between remote payment and near field payment. In addition to that, it infers the development of global mobile payment, which involves the users and the market size. Secondly it probes into Chinas rapid development of mobile internet economy, whose 3G network and smart phones provides high-speed mobile Internet and visual, convenient interface for mobile payment. Thirdly, harmonization of standards of mobile payment will help create industry chain parties openness, cooperation and win-win situation and promote mobile payment intensive and large-scale development process. In the end, it probes into the win-win business model for the telecom operators and financial institutions: Telecom operators will lease SIM card space to obtain revenue and financial institutions will get more fee income.

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