Security key: a new mobile payment solution

  • Authors:
  • Pan Tie-Jun;Zheng Lei-Na

  • Affiliations:
  • Department of Computer and Information, Zhejiang Wanli University, NingBo, China;Department of Computer and Information, Zhejiang Wanli University, NingBo, China

  • Venue:
  • ISP'06 Proceedings of the 5th WSEAS International Conference on Information Security and Privacy
  • Year:
  • 2006

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Abstract

Mobile payment raises a number of security and privacy challenges. To address this, we present an approach in which the mobile payment security is enhanced by using external security key and specified policies. An electronic security key is connected to the mobile device by adaptable interface for enhancing the security ability and storing private data. FAM is agent software with GUI located on mobile device which is responsible for payment initiation and transparent transfers between electronic key and BAM on server. FAM connects to BAM by means of identification and mutual authentication which generates different session key with time stamp each time. The cross validation among electronic key, FAM and BAM improves the security of mobile payment system. Furthermore, comparing to keeping private data on mobile phone, the isolated key protects private data from virus attacking, enhances arithmetic expansibility and is easy to be updated. In this way, the mobile payment security problem is solved to a certain extent. As an application, we implement a mobile payment system that selects electronic key as the security module and achieves the mainstream mobile payment functions.