36 / 64
p ro j e ct 5
3 6
The use of a smartphone and the number of
smartphone applications both are growing
exponentially. The natural extension of this
expansion is the growth of mobile commerce.
This project explored various algorithms and
methods for developing mobile commerce
products. This extension of mobile commerce
has potential to not only provide convenience
of executing commerce through a mobile
device but can also provide a higher level of
security than existing methods. Among various
security issues, mobile wallet can help track
monies flowing through various countries
and allow secured monitoring and tracking
of money thereby reducing the possibilities
of various types of transactional frauds
associated with either lost or a stolen credit/
debit card or its information, identity theft and
or money laundering schemes among others.
The mobile and Web-based system algorithms
were designed in compliance with the rules
and regulations of the current banking
industry standards such as (Know your
Customers (KYC) and Anti Money Laundering
(AML)). Various mobile applications related
to mobile commerce was developed for an
iPhone and Android platform. CAKE at FAU
played a major role in conceptualizing the
Mobile Point of Sale and the mobile based
e-commerce products and developed the
testing procedures for testing and debugging
their backend code.
We developed the embedded device (hardware
point-of-sale) which processed the WiGi
proprietary barcode (an equivalent of a mobile
Mobile Commerce Technology
Ankur Agarwal, PI