IDEAS home Printed from https://ideas.repec.org/a/ids/ijmnec/v3y2016i4p257-316.html
   My bibliography  Save this article

M-payment systems and procedures: state-of-the-art and perspectives

Author

Listed:
  • Francesco Vatalaro
  • Alessandro Vizzarri

Abstract

In only a few ten years payment systems have undergone an incredible evolution passing from a physical transfer of cash to transactions exchanging money as digital data. Mobile payment (m-payment) refers to one type of electronic payment, performed through mobile devices, such as mobile phones, smartphones, and tablets. To ensure trust and avoid frauds severe security requirements must be imposed. In addition, interoperability and privacy requirements, as well as speed of execution and ease-of-use are mandatory requirements, too. Several technical solutions have been proposed, associated to generally incompatible business models. From the end-users point of view, the result of an m-payment transaction is just one transfer of money from customer to merchant. However, to get this simple result, m-payments use a plethora of sophisticated technologies, including SMS, NFC, high-frequency sound waves, and software apps. The heterogeneity of m-payment systems and economic models is an important challenge for their diffusion in the next years. Having described the main requirements, technical characteristics and different business models of m-payment, this paper underlines relationship of technological and business approach to m-payment systems.

Suggested Citation

  • Francesco Vatalaro & Alessandro Vizzarri, 2016. "M-payment systems and procedures: state-of-the-art and perspectives," International Journal of Management and Network Economics, Inderscience Enterprises Ltd, vol. 3(4), pages 257-316.
    • Handle: RePEc:ids:ijmnec:v:3:y:2016:i:4:p:257-316
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=79860
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmnec:v:3:y:2016:i:4:p:257-316. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=259 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.