Anonymous Mobile Payment Solution
Keywords:Anonymity, Security, OTP, QR Code, Mobile Payment, Token, Digital Signatures
AbstractThe evolution and increasing popularity of mobile handheld devices has led to the development of payment applications. The global acceptance of mobile payments is hindered by security and privacy concerns. One of the main problems evoked is the anonymity related with banking transactions. In this paper I propose a new secured architecture for mobile banking. Anonymity and privacy protection are the measures to be enhanced in order to satisfy people’s current needs. The banking platform must provide the highest level of security for messages exchanged between bank and the customer.
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