Mobile payment solutions

Abstract

Mobile telecommunication has become a pillar of the everyday communication both in global business and society. The number of people using mobile devices is growing rapidly. New protocols and technologies like WAP, GPRS and UMTS enable powerful applications and the expansion of the known Internet towards a Mobile Internet. New mobile services and applications emerge that require payment methods for information, goods or the service itself. For payments involving a mobile phone special restrictions have to be taken into account. An investigation of selected existing mobile payment solutions under consideration of security risks and possible improvements will be presented, concluded by a comparison of used security mechanisms. © 2002 Kluwer Academic Publishers.