Examining the Security Landscape of Mobile Payment Systems

The widespread use of mobile payment systems such as Apple Pay, Google Pay, and Samsung Pay has led to them becoming a prime target for malicious attacks. Consequently, concern regarding their safety has risen, and demands for securing and protecting them against such attacks have increased. Thus, this paper surveys recent literature and research published on this topic in the last five years. A thorough analysis and comparison of the selected papers is carried out, with the secure electronic transaction (SET) protocol acting as a benchmark for the proposed attacks and solutions. Then, we offer recommendations and suggestions for future work based on the observations and findings of our analysis and conclude the survey. The purpose of this survey is to illustrate the current state of this research field, serve as a starting point for future research, and steer efforts toward any noticed gaps.