Design of Mobile Payment Based on Simplified SET Protocol

Based on electronic transaction security,this paper analyzes the SET standard protocol which is popular at present and points out the disadvantages of SET protocol in process of electronic transaction.Based on the properties of mobile payment,simplified SET protocol frame is applied to the design of mobile payment.The two patterns of payment of little quantity mobile payment and account transfer mobile payment are proposed and their security and efficiency are also analyzed.The two patterns of payment satisfied security,real-time and convenience of mobile payment.