Building robust m-commerce payment system on offline wireless network

Mobile commerce is one of the upcoming research area with focus on mobile payment systems. Unfortunately, the current payment systems is directly dependent on fixed infrastructure of network (cellular network), which fails to facilitate optimal level of security for the payment system. The proposed system highlights a novel approach for building a secure, scalable, and flexible e-payment systems in the distributed scenario of wireless adhoc network in offline mode of communication for enhanced security on transaction and payment process. The proposed system uses Simple Public Key Infrastructure for providing the security in payment processes. The performance analysis of the proposed model shows that the system is highly robust and secure ensuring anonymity, privacy, non-repudiation offline payment system over wireless adhoc network

AN ANALYSIS ON THE MOBILE PAYMENT INDUSTRY IN CHINA AND ITS IMPLICATIONS TO MALAYSIA

Internet which is one of the most transformative and fast-growing technologies has become an integral part of our lives. Globally, the number of Internet users increased from only 413 million in 2000 to over 4.5 billion as of June 2019, with the Internet users from Asia Pacific made up the major market share. Owing to changing lifestyle and rapid growth in E-commerce, this trend is expected to continue over for subsequent many years especially in China. China’s mobile payment transaction volume has reached 190.5 trillion Yuan in 2018, with a year-on-year growth rate of 58.4% due to its advantages of security, stability and convenience. Meanwhile, Malaysia which represents one the fastest growing mobile payment market in the world, has its mobile payment usage skyrocketed in the last five years reaching a staggering 40 billion ringgit. Since 2005, the year when Central Bank of Malaysia liberalized its policy by permitting non-banking institution to provide mobile payment service, there were only 1billion ringgit spent via 365.6 million transactions. 13 years later, the transaction volume has increased to 11 billion ringgit with 1.92 billion transactions made. This implies that there is a huge development opportunity of mobile payment industry in Malaysia and the biggest mobile payment industry in the world, China can be a development model for further growth of this industry in Malaysia.  Besides analyzing the current development of the mobile payment industry in China at the beginning of this paper by carrying out life cycle analysis, this paper also studies the influencing factors and challenges of mobile payment in China. Moreover, a comparison of the industry in both China and Malaysia has been drawn out by using PEST analysis. Lastly, the author also proposed the measures and suggestions for enhancement of mobile payment industry in Malaysia

Mobile Commerce: Secure Multi-party Computation & Financial Cryptography

Abstract: The basic objective of this work is to construct an efficient and secure mechanism for mobile commerce applying the concept of financial cryptography and secure multi-party computation. The mechanism (MCM) is defined by various types of elements: a group of agents or players, actions, a finite set of inputs of each agent, a finite set of outcomes as defined by output function, a set of objective functions and constraints, payment function, a strategy profile, dominant strategy and revelation principle. The mechanism adopts a set of intelligent moves as dominant strategies: (a) flexible use of hybrid payment system which supports cash, e-payment and m-payment, (b) secure multi-party computation to ensure information security and privacy and (c) call intelligent analytics to assess and mitigate possible threats on m-commerce service. The mechanism supports three different types of transaction processing protocols (P1, P2 and P3) and calls a cryptographic protocol (Pc). The cryptographic protocol performs a set of functions sequentially such as authentication, authorization, correct identification, privacy verification and audit of correctness, fairness, rationality, accountability and transparency of secure multi-party computation on each m-transaction. The basic building blocks of the cryptographic protocol are signcryption, proofs of knowledge, commitments and secret sharing. This work also presents the complexity analysis of the mechanism in terms of computational cost, communication cost, security and business intelligence. Keywords: Secure multi-party computation, Financial cryptography, Mobile commerce mechanism, Threat analytics, Digital econom

A Framework for M-Commerce Implementation in Nigeria

The Internet has brought about the concept of grobalilation, which has revolutionized the way business is transacted all over the world. The E-comnterce is of particular interest, though widely used but still has some security challenges in terms of transparency and confidentiality of transactiorts. This papei focuses on M-contnrcrce as an extensiott to E-commerce hnplementatiott with the Bankiltg industry proposed as core implementation consideration in ortler to guarantee high level security. We have reviewed some cqses of onlilrc frauds and eliscussed tlte emerging critical issues afficting software development of M-cornmerce applicatiotts. Afranrcworkfor M-commerce implementationis therefore,proposed for countries such as Nigeria, Romania and Indonesia where cases of online scam are alanning

A modularized electronic payment system for agent-based e-commerce

With the explosive growth of the Internet, electronic-commerce (e-commerce) is an increasingly important segment of commercial activities on the web. The Secure Agent Fabrication, Evolution & Roaming (SAFER) architecture was proposed to further facilitate e-commerce using agent technology. In this paper, the electronic payment aspect of SAFER will be explored. The Secure Electronic Transaction (SET) protocol and E-Cash were selected as the bases for the electronic payment system implementation. The various modules of the payment system and how they interface with each other are shown. An extensible implementation done using JavaTM will also be elaborated. This application incorporates agent roaming functionality and the ability to conduct e-commerce transactions and carry out intelligent e-payment procedures

A multi-agent architecture for electronic payment

The Internet has brought about innumerable changes to the way enterprises do business. An essential problem to be solved before the widespread commercial use of the Internet is to provide a trustworthy solution for electronic payment. We propose a multi-agent mediated electronic payment architecture in this paper. It is aimed at providing an agent-based approach to accommodate multiple e-payment schemes. Through a layered design of the payment structure and a well-defined uniform payment interface, the architecture shows good scalability. When a new e-payment scheme or implementation is available, it can be plugged into the framework easily. In addition, we construct a framework allowing multiple agents to work cooperatively to realize automation of electronic payment. A prototype has been built to illustrate the functionality of this design. Finally we discuss the security issues

M-Commerce Implementation in Nigeria: Trends and Issues

Nigeria was described as the fastest growing telecoms nation in Africa and the third in the World. The country had experienced a phenomenal growth from a teledensity of 0.49 in 2000 to 25.22 in 2007. This trend has brought about a monumental development in the major sectors of the economy, such as banking, telecoms and commerce in general. This paper presents the level of adoption of ICT in the banking sector and investigates the prospects of m-Commerce in Nigeria based on strengths, weaknesses, opportunities and threats (SWOT) analysis. Findings revealed that all banks in Nigeria offer e-Banking services and about 52% of the offer some forms of m-Banking services. The banks and the telecoms operators have enormous potentials and opportunities for m-Commerce but the level of patronage, quality of cell phones, lack of basic infrastructure and security issues pose a major threat to its wide scale implementation