Wireless Financial Trade Model Technical (WFTM) Research Report

After analyzing the current credit card system and mobile payment system, now WFTM (Wireless Financial Trade Model) is introduced. It can provide multi-compound financial service. It has exact protocol model (include state machine). It can be undertaken by many kind of transport protocol. It has exact data security mechanism and can be implemented in multi-platform.WFTM can be used in person terminal, e.g. handset, PDA and etc. WFTM can also be used to replace the function of credit cards, debit cards, member cards and all kinds of voucher. It will be too convenient for end users to use WFTM technology to realize function of electronic payment, electronic receipt and financial information publish, etc.In this document, all parts of WFTM are introduced as system architecture design, protocol layer design and application prototype design. In the system architecture design which include system model, protocol model and service model. In Application protocol layer design which include transport layer, middle layer and application layer. In prototype design which include software of client and server.In the finality, the problems requiring further studies are discussed.