ABSTRACT
Implementing an electronic payment system involves striking a balance between usability and security. Systems that allow payments to be completed with little effort on the part of the consumer, such as smart cards, carry a higher probability of incorrect payments. Systems that eliminate the possibility of incorrect payments by requiring explicit approval from the consumer, such as credit cards, make the system too cumbersome for small payments. In this paper, we model the usability and security tradeoff as a problem of minimizing the transaction cost imposed by the payment system on the consumer. We propose a mobile payment scheme called UbiPay that attempts to push this transaction cost towards zero by offering a range of user interaction modes and choosing the minimum sufficient one based on context data. The aim is to make paying like breathing: something we are only peripherally aware of unless we exert our resources beyond the usual. Results from a user study on a prototype system suggest that the concept is feasible. The idea has powerful implications for the economic organization of everyday life.
- BitWallet Edy, http://www.edy.jp/Google Scholar
- Camp, L. J. and Lewis, S. Economics of Information Security. New York: Springer, 2004.Google Scholar
- Coase, R. H. The Nature of the Firm. In The Firm, the Market and the Law, pp. 33--55. Chicago: University of Chicago Press, 1988 {1937}.Google Scholar
- Fitton, D., Sundramoorthy, V., Kortuem, G., Brown, J., Efstratiou, C., Finney, J. and Davies, N. Exploring the Design of Pay-Per-Use Objects in the Construction Domain. Lecture Notes in Computer Science, Springer, Vol. 5279, 2008, pp. 192--205 Google ScholarDigital Library
- Gartner, Inc. Dataquest Insight: Mobile Payment, 2006--2011. http://www.gartner.com/it/page.jsp?id=652308Google Scholar
- Gao, J., Cai, J., Patel, K., and Shim, S. 2005. A Wireless Payment System. In Proceedings of the Second international Conference on Embedded Software and Systems (December 16--18, 2005). ICESS. IEEE Computer Society, Washington, DC, 367--374. Google ScholarDigital Library
- JR East Mobile Suica, http://www.jreast.co.jp/MOBILESUICA/index.htmlGoogle Scholar
- Jürg, N. Transaction Costs. The New Palgrave: A Dictionary of Economics, v. 4, pp. 677--80 (1987).Google Scholar
- Karnouskos, S. and Fokus, F. Mobile payment: a journey through existing procedures and standardization initiatives, IEEE Communications Surveys & Tutorials, 2004. Google ScholarDigital Library
- Kimura, H., Tokunaga, E., Okuda, Y. and Nakajima, T. CookieFlavors: easy building blocks for wireless tangible input. CHI '06 extended abstracts on Human factors in computing systems, 2006. Google ScholarDigital Library
- Lee, K. J., Ju, J., and Jeong, J. M. 2006. A payment & receipt business model in U-commerce environment. In Proceedings of ICEC '06, vol. 156. Google ScholarDigital Library
- Mallat, N., Rossi, M., Tuunainen, V. K., and Öörni, A. An empirical investigation of mobile ticketing service adoption in public transportation. Personal Ubiquitous Comput. 12, 1 (Jan. 2008), 57--65. Google ScholarDigital Library
- NTT DoCoMo Osaifu-Keitai, http://www.nttdocomo.co.jp/english/service/osaifu/Google Scholar
- Shapiro, C. and Varian, H. R. Information Rules. Harvard Business School Press, Boston, Mass., USA, 1998.Google Scholar
- Sony Felica, http://www.sony.net/Products/felica/index.htmlGoogle Scholar
- Swedberg, R. Principles of Economic Sociology. Princeton: Princeton University Press, 2003.Google Scholar
- van Kasteren, T., Noulas, A., Englebienne, G., and Kröse, B. 2008. Accurate activity recognition in a home setting. In Proceedings of the 10th international Conference on Ubiquitous Computing (Seoul, Korea, September 21--24, 2008). UbiComp '08, vol. 344. Google ScholarDigital Library
- Wang, Y. and Mainwaring, S. "Human-Currency Interaction: Learning from Virtual Currency Use in China", Proceedings of The 26th International Conference on Human Factors in Computing Systems (CHI08), Florence, Italy, 2008. Google ScholarDigital Library
- Williamson, O. Markets and Hierarchies: Analysis and Antitrust Implications. New York: Free Press, 1975.Google Scholar
Index Terms
- UbiPay: minimizing transaction costs with smart mobile payments
Recommendations
Ubipay: conducting everyday payments with minimum user involvement
CHI EA '08: CHI '08 Extended Abstracts on Human Factors in Computing SystemsAs services embedded into public spaces become increasingly transparent, one peripheral aspect of use continues to demand explicit user attention: payment. UbiPay is a system that carries out small everyday payments in a way that minimises user ...
Smartcard-Based e-Coin for Electronic Payments on the (Mobile) Internet
SITIS '07: Proceedings of the 2007 Third International IEEE Conference on Signal-Image Technologies and Internet-Based SystemNowadays e-purses are not being offered as payment method on the Internet. This is mainly due to the fact that vendors have to integrate in their devices a security application module (SAM) to exchange security messages between the e-purse and that ...
Blockchain-LI: A Study on Implementing Activity-Based Micro-Pricing using Cryptocurrency Technologies
MoMM '16: Proceedings of the 14th International Conference on Advances in Mobile Computing and Multi MediaIn this paper, we propose a digital cash system named Blockchain-LI. This is an activity-based micro-pricing system implemented on cryptocurrency technologies. Activity-based micro-pricing is a pervasive technology to influence people's behavior through ...
Comments