Towards trusted mobile payment services: a security analysis on Apple Pay

Today, many stores and users adopt mobile payment services due to the various benefits that the technology can provide. Users can make transactions with their mobile devices such as smart phones instead of physically handing over cash or swiping credit cards. Stores can implement the payment service in a relatively simple and inexpensive way. For both users and stores, the technology increases speed of the check-out process thus reducing the waiting time. The time savings may give more profits to stores. Although the new mobile payment service can provide users and stores with various benefits, it also introduces new security concerns and vulnerabilities. In this paper, we analyse the security features in Apple Pay and discuss possible ways to make it more reliable. Furthermore, once we delve into security vulnerabilities in Apple Pay, we propose the possible solutions along with their implementation to overcome the security concerns in the service.