State of the Art: Secure Mobile Payment
With mobile payments popular around the world, payers can conduct a payment anytime and anywhere. While providing great convenience, mobile payment also brings many payment security issues. This paper is the first comprehensive review of secure mobile payment. We classify the mobile payment into TPC...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEEE
2020-01-01
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| Series: | IEEE Access |
| Subjects: | |
| Online Access: | https://ieeexplore.ieee.org/document/8947955/ |
| _version_ | 1818733215324569600 |
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| author | Wenzheng Liu Xiaofeng Wang Wei Peng |
| author_facet | Wenzheng Liu Xiaofeng Wang Wei Peng |
| author_sort | Wenzheng Liu |
| collection | DOAJ |
| description | With mobile payments popular around the world, payers can conduct a payment anytime and anywhere. While providing great convenience, mobile payment also brings many payment security issues. This paper is the first comprehensive review of secure mobile payment. We classify the mobile payment into TPC (third-party payment company)-led mobile payment and Bank-led mobile payment, and based on this, summarize the system structure of mobile payment. Then we discuss the mobile payment security technology framework from Tokenization, PAN (bank card primary account number) binding, and Secure Payment Authentication, respectively. Besides, this paper introduces secure technologies(hardware and software) used in these procedures, discusses and analyzes the security issues that they have been encountered, summarise open issues, and proposes future development directions. In the end, we give the discussion and comparison of popular and representative mobile payment applications, including Alipay, Wechat Pay, Apple Pay, Samsung Pay, and Google Pay. |
| first_indexed | 2024-12-17T23:45:55Z |
| format | Article |
| id | doaj.art-d893226f76d7403b8d11cb707acc92fa |
| institution | Directory Open Access Journal |
| issn | 2169-3536 |
| language | English |
| last_indexed | 2024-12-17T23:45:55Z |
| publishDate | 2020-01-01 |
| publisher | IEEE |
| record_format | Article |
| series | IEEE Access |
| spelling | doaj.art-d893226f76d7403b8d11cb707acc92fa2022-12-21T21:28:19ZengIEEEIEEE Access2169-35362020-01-018138981391410.1109/ACCESS.2019.29634808947955State of the Art: Secure Mobile PaymentWenzheng Liu0https://orcid.org/0000-0002-2115-1540Xiaofeng Wang1https://orcid.org/0000-0002-3583-369XWei Peng2https://orcid.org/0000-0002-5456-9126College of Computer, National University of Defense Technology, Changsha, ChinaCollege of Computer, National University of Defense Technology, Changsha, ChinaCollege of Computer, National University of Defense Technology, Changsha, ChinaWith mobile payments popular around the world, payers can conduct a payment anytime and anywhere. While providing great convenience, mobile payment also brings many payment security issues. This paper is the first comprehensive review of secure mobile payment. We classify the mobile payment into TPC (third-party payment company)-led mobile payment and Bank-led mobile payment, and based on this, summarize the system structure of mobile payment. Then we discuss the mobile payment security technology framework from Tokenization, PAN (bank card primary account number) binding, and Secure Payment Authentication, respectively. Besides, this paper introduces secure technologies(hardware and software) used in these procedures, discusses and analyzes the security issues that they have been encountered, summarise open issues, and proposes future development directions. In the end, we give the discussion and comparison of popular and representative mobile payment applications, including Alipay, Wechat Pay, Apple Pay, Samsung Pay, and Google Pay.https://ieeexplore.ieee.org/document/8947955/Tokenizationsymmetric cryptosystemhybrid cryptosystemPAN bindingTOTPremote payment |
| spellingShingle | Wenzheng Liu Xiaofeng Wang Wei Peng State of the Art: Secure Mobile Payment IEEE Access Tokenization symmetric cryptosystem hybrid cryptosystem PAN binding TOTP remote payment |
| title | State of the Art: Secure Mobile Payment |
| title_full | State of the Art: Secure Mobile Payment |
| title_fullStr | State of the Art: Secure Mobile Payment |
| title_full_unstemmed | State of the Art: Secure Mobile Payment |
| title_short | State of the Art: Secure Mobile Payment |
| title_sort | state of the art secure mobile payment |
| topic | Tokenization symmetric cryptosystem hybrid cryptosystem PAN binding TOTP remote payment |
| url | https://ieeexplore.ieee.org/document/8947955/ |
| work_keys_str_mv | AT wenzhengliu stateoftheartsecuremobilepayment AT xiaofengwang stateoftheartsecuremobilepayment AT weipeng stateoftheartsecuremobilepayment |