Quick Pay A Micro-payment

Abstract

Mobile Commerce is Electronic Commerce on Mobile devices to purchase goods or services in wireless environment. The development of new applications of electronic commerce that require the payment of small amount of money to purchase services or goods opens new challenges in the security and privacy fields. In this paper we present a new efficient and secure micropayment scheme for merchants and the privacy of the customers and also guarantee no financial risk. In addition, the proposed system defines a fair exchange between the micropayment and the desired good or service. In this fair exchange, the anonymity and untraceability of the customers are assured.

Keywords: Electronic Commerce, Anonymity, Untraceability, Security, Financial risk, Micropayment