The Mobile Payment Technology

With the rapid development and combination of Electronic Commerce and Mobile Telecommunication technologies, it becomes possible for the attenders of Electronic Commerce to conduct secure electronic payment anywhere at any time.In this paper, at first, a variety of secure E-payment technologies widely used currently and Mobile Telecommunication technologies are discussed deeply. Then a general solution is given which tells how the sucure electronic payment is conducted using a mobile payment terminal through the short message service (SMS) channel provided by the Mobile Telecommunication network. The paper puts forward a scheme of identity authentication and sercure electronic payment to meet the requirement of the mobile payment system. Finally, the mobile payment terminal is designed and developped and its functional modules and operating procedure are thoroughly discussed. In addition, the mobile payment terminal was simulated on computer.