Analysis of Payment Transaction Security in Mobile Commerce

Seema Nambiar, Chang-Tien Lu, Lily R. Liang

Abstract: Mobile payment is the process of two parties exchanging financial value using a mobile device in return for goods or services. This paper is an analysis of the security issues in mobile payment for m-commerce. We introduce m-commerce and mobile payment, discuss the public key infrastructure as a basis for secure mobile technologies, and study the features for different security technologies employed in current m-commerce market, including WAP, SIM application toolkit and J2M. In addition, we compare the effectiveness of these security technologies in supporting a secure mobile payment, and discuss research issues to enhance the security of mobile payment for large scale deployment of m-commerce.