A Micro-payment Scheme for Multiple-Vendor in M-Commerce

Authors:
Jianming Zhu;Ninghong Wang;Jianfeng Ma
Affiliations:
Xidian University, China;Shanxi Institute of Economic Management, China;Xidian University, China
Venue:
CEC-EAST '04 Proceedings of the E-Commerce Technology for Dynamic E-Business, IEEE International Conference
Year:
2004

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Abstract

The micro-payment is an important technique in m-commerce (mobile commerce). Micro-payment refers to low-value financial transactions ranging from several cents to a few dollars. The cost of micro-payments should be kept as low as possible in order for the service provider to profit from the low-value transactions. In recent years, many micro-payment schemes have been proposed. But many of them don't apt to multiple-vendor. In this paper, we propose a micro-payment scheme that is able to apply to multiple-vendor for m-commerce. Our scheme satisfies the requirements of a payment system and is "cheap" in terms of computation costs, communication costs, and key management costs.