This Briefing article will provide an overview of the mobile payments landscape in Japan and South Korea and discuss developments in the United States. Though each country is unique in its progression toward adoption, challenges encountered are similar. Navigating the myriad relationships among stakeholders such as carriers, financial institutions, card issuers, handset manufacturers, etc., whi...

Mobile payments represent an extremely interesting paradox in the world of mobile telecommunications, still not showing success in most markets. Customer acceptance turned out to be a decisive factor. In order to gain a deeper understanding of consumer behavior this paper introduces a consumer acceptance model that addresses perceived usefulness, perceived ease of use, subjective security, and ...

One potential consequence of rising concentration of income at the top of the distribution is increased borrowing, as less affluent households attempt to maintain standards of living with less income. This paper explores the “keeping up with the Joneses” phenomenon using data from the Survey of Consumer Finances. Specifically, it examines the responsiveness of payment-toincome ratios for differ...

It is known that perceived trust of vendor can positively affect customers’ acceptance of a certain product or service. Based on Mayer’s three-dimensional trust model and traditional trust theory, the factors affecting different dimension of customer initial trust in the mobile payment service providers were tested through an empirical study, including service providers’ reputation, perceived s...

Numerous digital payment solutions, which rely on new disruptive technologies, have been launched on the payment market in the recent years. But despite the growing number of mobile payment apps, very few solutions turn to be successful as the majority of them fail to gain a critical mass of users. In this paper we investigate two successful digital payment solutions in order to outline some of...

Even though mobile technology is becoming increasingly prevalent in modern life, the population is still largely unwilling to use mobile payment systems [9]. Furthermore, the longstanding concerns over the legitimacy of users can be solved by having the remote server verify the user by using remote user authentication [10]. Thus it follows that it is worth exploring techniques for mobile device...

Recently, smart devices for various services have been developed using converged telecommunications, and the markets for near field communication mobile services is expected to grow rapidly. In particular, the realization of mobile NFC payment services is expected to go commercial, and it is widely attracting attention both on a domestic and global level. However, this realization would increas...

Mobile payment is defined as mobile money, which is considered as an attractive alternative for cash, cheque, or credit. In this paper we propose a new secure mobile paymentmethod. This method is summarized in three processes: firstly, the authentication process, which involves the authentication phases for the applied customers. Secondly, the member recognition process which tests and ensures ...