An open, NFC enabler independent Mobile payment and identification method: NFC feature box

Abstract

The use of Mobile Devices for electronic payment has increased significantly in the last decade. Near Field Communication (NFC) mobile payment is gaining popularity and it is widely considered to be the technology that will turn smartphones into m-wallets. While a typical wallet contains identification, loyalty, public transport and credit cards, m-wallet solutions currently have well-defined standards for credit card enrollment and usage only. In this thesis, we explore and present the main reason for this limitation. Then, we introduce a new method for using the Secure Element (SE) inside the NFC Phones which allows standard enrollment and usage for proprietary payment and identification schemes. We also explain the practical use our model by presenting well-known proprietary payment scenarios such as public transport payment. This study makes significant contributions to NFC technology by proposing a method for proprietary transaction flows that can be used in parallel with NFC credit card payment solutions. Furthermore, it provides an open protocol which can serve as an NFC payment and identification transaction execution standard.