Performance of Different Mobile Payment Service Concepts Compared with a NFC-Based Solution

The paper compares the performance of different traditional mobile payment service concepts with a state of the art NFC-based mobile payment solution. The goal is to evaluate the different mobile payment concepts, not their software implementation, from a performance and end-to-end service duration time point of view. Overall, there have been five different mobile payment services developed, implemented and benchmarked for the concept comparison, namely: interactive voice response, short message service, Wireless Application Protocol, one time password generator as well as a solution based on near field communication.