Concept and prototype design of NFC-based micro-payment ecosystem. (1st December 2014)

• Record Type: Journal Article
• Authors: Cha, Byung Rae; Kim, Jong Won
• Is Part Of: International journal of space-based and situated computing. Volume 4:Number 3/4(2014)
• Page Start: 127
• Page End: 142
• Publication Date: 2014-12-01
• Subjects: near field communication -- NFC -- mobile commerce -- M-commerce -- electronic micro-payment -- message digests authentication -- tokenisation -- and privacy; Computer networks -- Periodicals; Wireless communication systems -- Periodicals; Interactive computer systems -- Periodicals; 004.6
• Languages: English
• ISSNs: 2044-4893

Abstract

With the advancement of mobile communication technology, smart phones are used to make phone calls, send text messages and photos, visit websites, send e-mails, watch TV programmes, buy products and tickets, access company intranet, and so on. Especially, mobile commerce (M-commerce) allows users to conduct business transactions over portable mobile phones. This trend is amplified by the emerging near field communication (NFC) technology, which is now embedded into the smart phones. To facilitate the M-commerce process with NFC-enabled mobile devices, in this paper, we propose a micro-payment model based on both NFC and location-based services (LBS) technology. The proposed micro-payment model ties NFC and LBS via a tokenisation scheme. It aims to support small traders' micro-payments with the ubiquitous IT technology with the targeted purpose of reinvigorating traditional marketplaces.