A new mobile payment protocol (GMPCP) by using a new key agreement protocol (GC)

According to the advancement of mobile devices and wireless network technology, these portable devices became the potential devices that can be used for different types of payments. Recently, most of the people would rather to do their activities by their cellphones. On the other hand, there are some issues that hamper the widespread acceptance of mobile payment among people. The traditional ways of mobile payment are not secure enough, since they follow the traditional flow of data. This paper is going to suggest a new protocol named Golden Mobile Pay Center Protocol that is based on client centric model. The suggested protocol downgrade the computational operations and communications that are necessary between the engaging parties and achieves a completely privacy protection for the engaging parties. It avoids transaction repudiation among the engaging parties and will decrease replay attack s risk. The goal of the protocol is to help n users to have payments to each others´. Besides, it will utilize a new key agreement protocol named Golden Circle that is working by employing symmetric key operations. GMPCP uses GC for generating a shared session key between n users.