Security Issues in Mobile Payment Systems

Publication Type:
White Paper

Published / Updated:
Jan. 14, 2011

Due to the widespread availability of mobile phones and their extensive usage worldwide, it is a reasonable expectation that payment schemes involving a mobile phone will soon be a dominate force in electronic payments. At the same time, vulnerabilities in secure financial transactions can severely compromise the implementation and future success of mobile payment systems.

Download this white paper to learn about vulnerabilites in mobile payment hardware and sofware platforms, technology, and operating systems. Topics discussed include:

  • Architecture of a mobile payment system
  • Technologies and standards for a mobile payment scheme
  • Vulnerabilities in the Infrastructure - GSM
  • Vulnerabilities in the development platform - J2ME
  • Vulnerabilities in the technology - Bluetooth
  • Malware and spyware

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