A new approach for credit extended mobile phone payment. (1st January 2014)

• Record Type: Journal Article
• Authors: Gackle, Bennett; Zuo, Yanjun
• Is Part Of: International journal of business information systems. Volume 15:Number 4(2014)
• Page Start: 434
• Page End: 449
• Publication Date: 2014-01-01
• Subjects: mobile phone payment -- business information systems -- strategy -- m-commerce -- security; Information storage and retrieval systems -- Business -- Periodicals; Business -- Data processing -- Periodicals; Management information systems -- Periodicals; System design -- Periodicals; System analysis -- Periodicals; 651.8
• Languages: English
• ISSNs: 1746-0972

Abstract

In this paper, we present a new approach for credit extended mobile phone payment. As an important component of m-commerce, mobile phones have been enabled to conduct micro-purchases for digital contents for a small price. Currently, mobile phone companies have expanded this to purchasing tangible items such as a Coca-Cola or other vending items through a radio frequency identification device chip. This paper will explore the idea to expand beyond micro-purchases and essentially use the mobile phone, the mobile network operator (mobile phone carrier), and an embedded near-field-communication (NFC) chip to make full purchases similar to credit cards. We have developed the business model and a technical framework to support and implement the proposed strategy.