Advances in wireless network technology and the continuously increasing
number of users of hand-held terminals make the latter a possible
channel for offering personalized services to mobile users and give pace
to the rapid development of mobile electronic commerce (MEC). MEC
operates partially in a different environment than Internet e-commerce
due to the special characteristics and constraints of mobile terminals
and wireless networks and the context, situations and circumstances in
which people use their hand-held terminals. In this paper, we discuss
the business models in MEC and transaction modeling issues pertinent for
the business models and the environment. (C) 2001 Elsevier Science B.V.
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