Faculty Sponsor
David Olson
Additional Faculty Sponsor
Scot Morse
Additional Faculty Sponsor
Tom Burrell
Date
3-21-2017
Abstract
People prefer to carry a smartphone which is more convenient than physical credit or debit cards in daily life, and mobile payment is the next step for the business world. This paper introduces several payment methods, such as mobile payment, NFC payment, QR-Code payment, and online banking. The paper researches how such payment methods change the trade and finance field, and their advantages and disadvantages. It describes the influences on the different market players. The study also investigates security, user experience, and business experience of mobile payment, to illustrate how the mobile payment replaces traditional payment methods. Finally, the best payment method should combine each of the benefits. Traditional payment methods cannot keep the pace of high-speed fund transactions. Mobile payment has significantly improved people’s payment experience, and it provides new opportunities to promote the develop online shopping, financial institutions, and third-party payment. New developments like E-cash will introduce even more change.
Type (DCMI Terms)
Text; Image
Type
Paper
Department
Computer Science
Language
eng
Description
This project was submitted as part of the requirements for the Masters in Management and Information Systems program.
Recommended Citation
Huang, Jin, "How Mobile Payment Is Changing The World" (2017). Student Theses, Papers and Projects (Computer Science). 5.
https://digitalcommons.wou.edu/computerscience_studentpubs/5
Rights
In Copyright (InC)