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Title:
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A SURVEY AND ANALYSIS OF NFC BASED PAYMENT SOLUTIONS FOR SMARTPHONES |
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Author(s):
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Thomas Zefferer |
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ISBN:
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978-972-8939-82-3 |
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Editors:
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Piet Kommers and Pedro Isaías |
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Year:
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2013 |
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Edition:
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Single |
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Keywords:
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Mobile payment, smartphone, NFC, Secure element |
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Type:
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Full Paper |
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First Page:
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275 |
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Last Page:
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282 |
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Language:
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English |
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Cover:
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Full Contents:
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click to dowload 
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Paper Abstract:
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The recent emergence of smartphones and mobile communication technologies has caused a significant shift towards mobile solutions in many aspects of our daily life. Motivated by this general trend and facilitated by the integration of NFC technology into modern smartphones, stakeholders from the mobile communication sector and from the financial sector have recently started to roll out NFC based mobile payment solutions. These solutions allow customers to pay cashless at points of sale using their NFC enabled smartphones. However, most of these solutions have not managed to make the breakthrough so far and suffer from low user acceptance rates. This is surprising as NFC based payment solutions are usually beneficial compared to other payment methods in terms of usability. In order to find out the reasons for this observable lack of user acceptance, this paper analyzes existing NFC based payment solutions and identifies their strengths and weaknesses. For this purpose, NFC based payment solutions from all over the world have been surveyed. Based on this survey, a set of distinctive features has been derived. These features have then been used to classify and analyze the surveyed payment solutions. The conducted analysis process has revealed useful findings, which can be used to improve future NFC based payment solutions, and which can help to introduce NFC into other security sensitive fields of application. |
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