¶ … nature of how we use our mobile devices is changing dramatically with continuing innovations in technology (Hjorth, 2012). Smartphone usage is has been exploding all over the globe, with Europe reaching 31.5% of mobile users having a smartphone (Stone, 2012). Even in countries which have typically lagged behind in wide access to technology, like Bangladesh, have seen huge increases in smartphone users popularizing m-commerce (Islam et al., 2011). Malaysia is another major region that is growing tremendously in terms of m-commerce usage because of the increasing access to internet and smartphones (Chan, 2013). Smartphone users often use much more data and have an entire digital world at their fingertips which is empowering them in ways never possible within the realm of e-commerce with the huge increase in internet access (Sumita & Yoshii, 2010). With the rising trend truly solidifying itself, it is clear that...
Entirely new applications are now being offered to mobile phone users that help aid in payment and transaction history tracking, such as the loyalty card application and payment system LevelUp (Ginsburg, 2012). Innovative mobile applications are now even making cashing a check as easy as taking a snap shot on a smartphone and directly uploading it into a bank account (Mas, 2010). This makes it convenient for users, but also completely changes the game in regards to how money is processed in a new modern world. This also extends to transaction applications, like shopping carts and online auctions. The Elliptic Curve Cryptosystem (ECC) has recently proven…
