A Fair Mobile Payment Protocol

Authors:
Wei Fan;Huaying Shu;Qiang Yan;Fang Wang
Affiliations:
School of Economics and Management, Beijing University of Posts and, Telecommunications, Beijing, China 100876;School of Economics and Management, Beijing University of Posts and, Telecommunications, Beijing, China 100876;School of Economics and Management, Beijing University of Posts and, Telecommunications, Beijing, China 100876;School of Economics and Management, Beijing University of Posts and, Telecommunications, Beijing, China 100876
Venue:
APNOMS '08 Proceedings of the 11th Asia-Pacific Symposium on Network Operations and Management: Challenges for Next Generation Network Operations and Service Management
Year:
2008

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Abstract

Based on concurrent signature algorithm, a fair mobile payment protocol is proposed in the paper. The protocol possesses the characters of fairness and non-repudiation. It can protect both of the consumer and merchant's profits. As the electronic check is transferred by publishing a secret key, it guarantees that each participant could get the expected item at the same time. Compared to the traditional process, there are less transaction steps in our scheme. Moreover it can avoid network congestion caused by a traditional TTP and decrease the transaction center's processing pressure much. It could be used for physical goods transaction.