MMPS: A Versatile Mobile-to-Mobile Payment System

The paper presents an effective mobile-to-mobile payment system. A mobile phone with or without SIM card is enabled as an EMV payment instrument and is linked to a debit or credit account in a bank to pay merchant who has a mobile phone or an on-line EMV capable terminal. In a single phone, multiple credit or debit accounts from different banks can be configured without compromising on security. The proposed framework provides a secure and convenient payment mechanism without any terminal infrastructure.

• Type: Conference
• Year: 2005
• Where: ICMB
• Authors: Ashutosh Saxena, Manik Lal Das, Anurag Gupta
• Keywords: EMV Capable Terminal, EMV Payment Instrument, ICMB 2005, Mobile Phone