Mobile Payment Pattern Based on Multiple Trusted Platforms - China Case

With the fast development of mobile business, mobile payment is becoming widely available. Although there is a wealth of academic literature examining mobile payment, the existing mobile payment processes are lack of trust mechanisms, and there are no unified standards for physical and virtual mobile payments. Furthermore, in current mobile payment pattern, applications are difficult to be connected with banks. To solve this problem, this paper gives a general framework of online mobile payment and presents a new mobile payment pattern which advocates stratified extension and cascading agent based on stable and credible platform group. It also proposes a cross-bank unified payment platform to solve the difficulties of connection to banks. As a result, we can get regular, effective and monitoring payment process which is of great maneuverability. The mobile payment process will be more reasonable and the transaction will be more secure.