A new approach for credit extended mobile phone payment

Bennett Gackle and Yanjun Zuo

International Journal of Business Information Systems, 2014, vol. 15, issue 4, 434-449

Abstract: In this paper, we present a new approach for credit extended mobile phone payment. As an important component of m-commerce, mobile phones have been enabled to conduct micro-purchases for digital contents for a small price. Currently, mobile phone companies have expanded this to purchasing tangible items such as a Coca-Cola or other vending items through a radio frequency identification device chip. This paper will explore the idea to expand beyond micro-purchases and essentially use the mobile phone, the mobile network operator (mobile phone carrier), and an embedded near-field-communication (NFC) chip to make full purchases similar to credit cards. We have developed the business model and a technical framework to support and implement the proposed strategy.

Keywords: mobile phone payments; business information systems; strategy; m-commerce; mobile commerce; security; credit; mobile phones; cell phones; radio frequency identification; RFID devices; near field communication; NFC chips; business models. (search for similar items in EconPapers)
Date: 2014
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