a journey through mobile payment from the technology and business perspectives lu chenglong...
TRANSCRIPT
![Page 1: A Journey through Mobile Payment from the Technology and Business Perspectives LU Chenglong (1010161750) DIAO Wenrui (1010089510) ELCT 5820 Distributed](https://reader035.vdocuments.us/reader035/viewer/2022070407/56649e2c5503460f94b1b6d5/html5/thumbnails/1.jpg)
A Journey through Mobile Payment from the Technology and Business Perspectives
LU Chenglong (1010161750)DIAO Wenrui (1010089510)
ELCT 5820 Distributed and Mobile Systems
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OutlinePart I: IntroductionPart II: General frameworkPart III: System platformsPart IV: Security issuesPart V: Business models
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Introduction The payment for goods and services using a mobile device Alternative payment method to cash and credit cards
Current situation Widely deployed in many regions of Asia and Europe Around 100 million active users in the world
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Participators of Mobile Payment
Customer -mobile phone user
Merchant -provides goods or services
Payment Service Provider - responsible for the payment process
Trusted Third Party -provides the service certificate
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General frameworkA simple conceptual model with four major participators
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Platforms Based on Different Channels•Short Message Service (SMS)
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Platforms Based on Different Channels•Unstructured Supplementary Services Date (USSD)
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Platforms Based on Different Channels•GPRS/UMTS
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Platforms Based on ApplicationsPlatforms Based on Applications•Phone-based Application
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Platforms Based on Applications•SIM-based Application
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Platforms Based on NFC•Near Field Communication
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Five Aspects of Security for M-Payment
Confidentiality -Transmission data encryption
Authentication -Possession, knowledge and property
Integrity -Digital signatures
Authorization -Digital certificates
Non-repudiation -Digital signatures
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Security Challenges
Security of Mobile DevicesSecurity of Network Technologies
Security of Service -SMS
-USSD-Voice-based
Standardization
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Business model: Operator-Centric Model
Mobile network operator deploys mobile payment service independently
Lack of connection with existing payment networks
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Business model: Bank-Centric Model
Bank responsible for deploymentPayments processed through existing financial networksClear value chain, easy to implementTransaction fees charged only by the banks
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Business model: Peer-to-Peer Model
Independent peer-to-peer service provider Revenue from transaction fees and licensing fees Not utilizing existing banking networks Insufficient customer base, lack of established brand and infrastructure
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Business model: Collaboration Model
Collaboration among different stakeholders Third party Trusted Service Manager Most feasible: each stakeholder focus on own core competency Dispute about the revenue sharing model
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