M-Commerce Payment Systems

M-Commerce Payment Systems

Valli Kumari Vatsavayi, Ravi Mukkamala
ISBN13: 9781605660967|ISBN10: 1605660965|EISBN13: 9781605660974
DOI: 10.4018/978-1-60566-096-7.ch014
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MLA

Kumari Vatsavayi, Valli, and Ravi Mukkamala. "M-Commerce Payment Systems." Selected Readings on Electronic Commerce Technologies: Contemporary Applications, edited by Wen-Chen Hu, IGI Global, 2009, pp. 192-212. https://doi.org/10.4018/978-1-60566-096-7.ch014

APA

Kumari Vatsavayi, V. & Mukkamala, R. (2009). M-Commerce Payment Systems. In W. Hu (Ed.), Selected Readings on Electronic Commerce Technologies: Contemporary Applications (pp. 192-212). IGI Global. https://doi.org/10.4018/978-1-60566-096-7.ch014

Chicago

Kumari Vatsavayi, Valli, and Ravi Mukkamala. "M-Commerce Payment Systems." In Selected Readings on Electronic Commerce Technologies: Contemporary Applications, edited by Wen-Chen Hu, 192-212. Hershey, PA: IGI Global, 2009. https://doi.org/10.4018/978-1-60566-096-7.ch014

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Abstract

With mobile operators having a large customer base and e-payments getting popular, there is a shift of focus on the huge potential that the mobile commerce (m-commerce) market offers. Mobile payment (m-payment) service is the core for the success of m-commerce. M-payments allow customers to buy digital goods from anywhere and anytime using Internet and mobile environments. Ubiquity, reachability, localization, personalization, and dissemination of information are the characteristics that favor m-payments and encourage the consumers and merchants to use them. This chapter examines various aspects of m-payments like architectures, limitations, security, and trust issues. It also discusses and compares the existing payment procedures of several different companies providing m-payment services. While exploring the advantages of shifting to m-payments, the problems that have to be dealt with when adopting new solutions are discussed. Finally, the chapter concludes by identifying a common set of requirements criteria for successful global m-payments.

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