Business models and transactions in mobile electronic commerce: requirements and properties

Advances in wireless network technology and the continuously increasing number of users of hand-held terminals make the latter a possible channel for offering personalized services to mobile users and give pace to the rapid development of mobile electronic commerce (MEC). MEC operates partially in a different environment than Internet e-commerce due to the special characteristics and constraints of mobile terminals and wireless networks and the context, situations and circumstances in which people use their hand-held terminals. In this paper, we discuss the business models in MEC and transaction modeling issues pertinent for the business models and the environment. (C) 2001 Elsevier Science B.V. All rights reserved.