Technical Evaluation of the Functionality of Popular Mobile Payment Protocols

Munir Hussain, Syed Usman Jamil

Abstract

Today, mobile commerce flexibility has totally changed businesses in the world due to easy mobile-based online bookings and payments. Its implementation is not limited to any single area but it can be utilized in all sorts of situations and organizations in various ways. It can be utilized in banking, electronic publication distribution, online sales, online payments for different utility bills and online booking of airlines etc. These kinds of online booking, buying and selling, and their payment services are available to anyone 24/7 in the world. When using these types of facilities, one needs to understand and study different types of characteristics of this new technology i.e., it is important to understand different modes of payments, various technologies using mobile payment system, and different M-commerce payment protocols. As we know, energy consumption is a critical issue in M-commerce, so it is important to reduce battery power consumption as much as possible. In this paper, we will explore some of the most popular mobile payment protocols step-by-step to fully understand their working environment.

Keywords   M-Commerce, Mobile Payment Technologies, Mobile Payment Protocols, Mobile Payment Requirements, Energy Consumption

Journal   IOARP Journal of Communication and Networks
Volume   Volume 2
Issue   Issue 1, June 2017
Date Published   30 June 2017
Published in   IOARP Journal of Communication and Networks
Date Appeared in GDL   15 Julyl 2017

Pages   14
Global Digital Library Number   GDL-IOARP-JCN02-003
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