Institute of Electrical & Electronic Engineers
M-commerce is one of the main branches of ecommerce. The banking industry is among the leading sectors in adopting and utilizing the Internet and mobile technology on consumer markets. Mobile banking is a subset of electronic banking which underlies not only the determinants of the banking business but also the special conditions of mobile commerce. The development of electronic banking and mobile banking services via multiple channels has made it possible to create new kinds of added value for customers. However, in spite of their advantages, both are facing some challenges as well. One of these challenges is the issue of security of these systems.