Micro Payment System Building Using Smart-M3

The Smart-M3 platform enables information sharing between devices and among services within smart environment, which creates a possibility for building micro payment system. Typically, a micro payment system involves three main roles: buyer, broker and vendor (or merchant). Each role needs certain information for its tasks, as well as is prevented from assessing improper information. In this micro payment system demonstration, we present how easy a vendor can join the smart environment if it follows the design principle. We also prevent malicious information retrieval and cheating on transaction. Furthermore, banking account and personal data is secured without hindering process of transaction.

Additionally, this micro payment system provides features to continue including new vendors without changing the design, and sensitive information is secured while amount of vendor is developing.