Secure Mobile Payment Architecture Enabling Multi-factor Authentication. (arXiv:2304.09468v1 [cs.CR])

The rise of smartphones has led to a significant increase in the usage of
mobile payments. Mobile payments allow individuals to access financial
resources and make transactions through their mobile devices while on the go.
However, the current mobile payment systems were designed to align with
traditional payment structures, which limits the full potential of smartphones,
including their security features. This has become a major concern in the
rapidly growing mobile payment market. To address these security concerns,in
this paper …

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