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Mathematical modeling transforms real-world scenarios into mathematical expressions, allowing for structured problem-solving and analysis. This process involves defining the situation, assigning variables to measurable quantities, selecting an appropriate model, and solving the resulting equation. Such models are invaluable in finance, providing precise methods to evaluate investments, loans, and repayment structures.A widely used example is the calculation of fixed monthly payments on a loan,...
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Related Experiment Video

Updated: Apr 21, 2026

Measuring the Switch Cost of Smartphone Use While Walking
07:00

Measuring the Switch Cost of Smartphone Use While Walking

Published on: April 30, 2020

2.4K

A secure operational model for mobile payments.

Tao-Ku Chang1

  • 1Department of Computer Science and Information Engineering, National Dong Hwa University, Hualien 97401, Taiwan.

Thescientificworldjournal
|November 12, 2014
PubMed
Summary
This summary is machine-generated.

Mobile payment security concerns are addressed by a new service-oriented model. This system uses a time-limited, single-use barcode for secure, remote-authorized mobile transactions.

Related Experiment Videos

Last Updated: Apr 21, 2026

Measuring the Switch Cost of Smartphone Use While Walking
07:00

Measuring the Switch Cost of Smartphone Use While Walking

Published on: April 30, 2020

2.4K

Area of Science:

  • Computer Science
  • Information Security
  • E-commerce Technology

Background:

  • Mobile payments offer convenience but face significant adoption barriers due to security concerns.
  • Existing payment methods like cash, checks, and credit cards are being supplemented by mobile payment options.
  • Consumer trust and data protection are critical for the widespread acceptance of mobile payment solutions.

Purpose of the Study:

  • To design a secure operational model for mobile payments.
  • To address customer security concerns hindering mobile payment adoption.
  • To introduce a service-oriented architecture for robust access control in mobile transactions.

Main Methods:

  • Developed a service-oriented architecture for mobile payment access control.
  • Implemented a remote authorization process via a mobile device.
  • Generated a time-limited, single-use two-dimensional barcode as a payment certificate.
  • Integrated a remote locking and disabling feature for the mobile payment service.

Main Results:

  • The proposed model enhances mobile payment security through controlled access.
  • A secure payment certificate (two-dimensional barcode) is generated upon remote authorization.
  • The payment certificate is designed for single use and has a time limitation, reducing fraud risk.
  • The system allows for remote management, including disabling the service if necessary.

Conclusions:

  • The presented secure operational model effectively mitigates security concerns associated with mobile payments.
  • The service-oriented architecture and unique payment certificate mechanism enhance transaction security and user trust.
  • This approach facilitates broader adoption of mobile payment technologies by addressing key consumer security barriers.