Paper Title :Smart pay Ecosystem Design Model
Author :Vedat Coskun, Mustafa Andacayvaz, Mohammed Alsadi, Busra Ozdenizci
Article Citation :Vedat Coskun ,Mustafa Andacayvaz ,Mohammed Alsadi ,Busra Ozdenizci ,
(2017 ) " Smart pay Ecosystem Design Model " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 11-17,
Volume-3,Issue-10
Abstract : With the growth of Smart phones and Internet, e-commerce has been re-shaped in a way that consumers are able to
purchase goods without physically presenting their credit or debit cards at the Point of Sale (POS). This type of transactions is
called Card Not Present (CNP) which includes mail order, telephone and internet transactions. Further, within the introduction
of mobile commerce (m-commerce), consumers are able to use their Smart phones and tablets to perform transactions. Despite
the fact CNP and m-commerce transactions are widely accepted and used all over the world, these transactions still vulnerable
to security attacks. In this study, we propose a secure model for mobile payment systems that makes use of Payment Facilitator
to accomplish customer’s payment transactions. In this model, we try to enhance security by limiting the exchange process of
sensitive data related to customer’s credit or debit cards. Instead of card information, mobile number of the customer is used
and exchanged among different entities within the payment ecosystem. The proposed model enables a simple, time efficient
and secure mobile payment process for users.
Index Terms - Mobile Payment, Mobile Commerce, Card Not Present, CNP, Payment Facilitator, Mobile Network Operator,
MNO, Fraud, Security.
Type : Research paper
Published : Volume-3,Issue-10
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-13482
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Copyright: © Institute of Research and Journals
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Published on 2018-11-10 |
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