Abstract:
Mobile payment on wireless devices will provide excellent business opportunities in the coming years and offers consumers convenience and flexibility of mobile services anytime and at any place, and is playing an increasingly important role in payments and banking. This prediction is supported when considering the high rate of penetration of mobile devices, especially mobile phones, PDA’s and other. Also an additional aspect is that the mobile phone can be used as payment device for all types of payment situations. Creating secure and cost-effective wireless payment solutions to support mobile device users not only provides good business opportunities, but also brings new technical challenges and issues to engineers. So how to build secured, easily manageable, wireless payment systems to support mobile payment transactions becomes a hot research topic. In this project, a stable, secure and reliable mobile payment system is designed and implemented. With rule-based, user-customizable fraud detection system and additionally implemented high level security precautions; user friendly and intuitive interface, this architecture offers a feasible mobile payment framework.
