Title :
MMPS: a versatile mobile-to-mobile payment system
Author :
Saxena, Ashutosh ; Das, Manik Lal ; Gupta, Anurag
Author_Institution :
Inst. for Dev. & Res. in Banking Technol., Hyderabad, India
Abstract :
The paper presents an effective mobile-to-mobile payment system. A mobile phone with or without SIM card is enabled as an EMV payment instrument and is linked to a debit or credit account in a bank to pay merchant who has a mobile phone or an online EMV capable terminal. In a single phone, multiple credit or debit accounts from different banks can be configured without compromising on security. The proposed framework provides a secure and convenient payment mechanism without any terminal infrastructure.
Keywords :
banking; electronic money; mobile computing; mobile handsets; EMV payment; MMPS versatile mobile-to-mobile payment system; SIM card; mobile phone; Banking; Consumer electronics; Digital signatures; Europe; Information technology; Instruments; Mobile communication; Mobile handsets; Portable computers; Web and internet services; Digital signature; EMV; Mobile phone; SIM;
Conference_Titel :
Mobile Business, 2005. ICMB 2005. International Conference on
Print_ISBN :
0-7695-2367-6
DOI :
10.1109/ICMB.2005.61
