Abstract
From the background information supplied by the inventors, news correspondents o btained the followingquote: “Mobile devices such as smartphones and tablets are becoming more capable of various functionsbased on the development of hardware , software, and accessories. One such capability is the processingof a transact ion between a customer and a merchant using a mobile device. Typically, a mercha nt usesa mobile device and an accessory device to read information from a custo mer’s account card and thenprocess the transaction through a third party author ization entity. A downloadable application can turnan ordinary mobile device in to a mobile point of sale or mobile payment acquiring terminal. While mobileter minals enable more people to conduct electronic payment transactions in a conven ient and flexiblemanner, security concerns involving mobile terminals are risin g.
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