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Definition
A mobile wallet is a service allowing the wallet holder to securely store, access, manage, and use identification and payment instruments related information in order to initiate payments from any mobile device.
Theory
The mobile wallet may be considered as the electronic equivalent of a physical wallet which carries identification cards, payment cards, money, and personal items of value. This means that the mobile wallet may store identification information, virtual cards, and other personal items of value. It consists of hardware and software that ensures the secure storage and management of the data and wallet applications and the secure usage of the wallet applications including the authentication of the wallet holder.
Two basic implementations are possible. The wallet (hardware, software, data) is implemented in the end-user mobile device used by the wallet holder, or the wallet is implemented as a service on a remote server and is...
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© 2011 Springer Science+Business Media, LLC
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De Soete, M. (2011). Mobile Wallet. In: van Tilborg, H.C.A., Jajodia, S. (eds) Encyclopedia of Cryptography and Security. Springer, Boston, MA. https://doi.org/10.1007/978-1-4419-5906-5_293
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DOI: https://doi.org/10.1007/978-1-4419-5906-5_293
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-5905-8
Online ISBN: 978-1-4419-5906-5
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