Research and practice on system engineering management of a mobile payment project

doi:10.15302/J-FEM-2017011

Front. Eng

2017, Vol. 4

Issue (2) : 127-137 https://doi.org/10.15302/J-FEM-2017011

RESEARCH ARTICLE

Research and practice on system engineering management of a mobile payment project

Yongkai ZHOU(

), Hongfeng CHAI

China UnionPay Co. Ltd, Shanghai 200135, China

Download: PDF(761 KB) HTML
Export: BibTeX | EndNote | Reference Manager | ProCite | RefWorks

Abstract

The popularization of the mobile internet has given rise to demand for flexible and convenient payment methods. For China, it is necessary to keep pace with or even lead the trend of innovation and development in the age of mobile payment. From the perspective of systems engineering, this paper introduces research and implementation of China UnionPay’s mobile payment project. The general requirements and core engineering problems of the mobile payment project are summarized based on analyses of the characteristics and engineering difficulties of this project. Integration of innovative technologies is introduced to resolve the contradiction between ease-of-use and security. A rapid iterative development process is adopted to improve the product release efficiency as well as the users' experience. The launch of the mobile payment project also opens the window to coordinating and upgrading the whole payment industry chains.

Keywords systems engineering mobile payment engineering management method Mobile QuickPass national information security rapid iteration process financial security coordination and cooperation

Corresponding Author(s): Yongkai ZHOU

Just Accepted Date: 07 June 2017 Online First Date: 28 June 2017 Issue Date: 17 July 2017

Cite this article:

Yongkai ZHOU,Hongfeng CHAI. Research and practice on system engineering management of a mobile payment project[J]. Front. Eng, 2017, 4(2): 127-137.

URL:

https://academic.hep.com.cn/fem/EN/10.15302/J-FEM-2017011
https://academic.hep.com.cn/fem/EN/Y2017/V4/I2/127

Fig.1 The ongoing and estimated transaction amount and growth rate of China’s mobile payment market (^{Ge and Shi, 2016})

Fig.2 Illustration of ‘bankcard simulation’ in the Mobile QuickPass design

Fig.3 The system architecture of TEEI (^{Chai et al., 2014})

Fig.4 Framework of the Mobile QuickPass risk management system

Fig.5 Development process of rapid iteration

Tab.1 Mechanism of user experience based rapid iteration

1	Cai Z, Zhang F, Chen D (2016). Information System Development Risk Management of Commercial Banks. Beijing: China Machine Press (in Chinese)
2	Chai H F (2015). Research and practice on the engineering management method of financial informatization project. Frontiers of Engineering Management, 2(2): 165–172
3	Chai H, Lu Z, Meng Q, Wang J, Zhang X, Zhang Z(2014). TEEI- A Mobile Security Infrastructure for TEE Integration.? In: 2014 IEEE 13th International Conference on Trust, Security and Privacy in Computing and Communications, Beijing, 914–920
4	CNR News (2016). The fraud rate of Mobile QuickPass is only 0.02BP, much lower than that of the traditional bankcard transaction.
5	Fu Z H (2007). Instruction of Projects Construction with Scientific Outlook on Development. In: China Engineering Management Review and Outlook. Beijng: China Architecture & Building Press (in Chinese)
6	Ge H Y, Shi W C (2015). Report on the Development of China’s Bankcard Industry 2015. Shanghai: Shanghai Culture Publishing House (in Chinese)
7	Ge H Y, Shi W C (2016). Report on the Development of China’s Bankcard Industry 2016. Shanghai: Shanghai Culture Publishing House (in Chinese)
8	He J S, Wang M J, Wang Q G (2013). Status Quo and Development of China’s Engineering Management. Beijing: Higher Education Press (in Chinese)
9	Hong Q, Lin Y S, Niu X Z (2016). Information Security Technology and Management System in Banking. Beijing: China Machine Press (in Chinese)
11	Liu Q W, Meng Q, Yao D (2016). Banking Information System Construction in the Era of Globalization. Beijing: China Machine Press (in Chinese)
12	Liu R H (2007). Engineering Management: Penetration of Management into National Economy. In: China Engineering Management Review and Outlook. Beijng: China Architecture & Building Press (in Chinese)
13	Lu G X, Chen S J, Wang L (2016). Data Governance of Commercial Bank. Beijing: China Machine Press (in Chinese)
14	Ministry of Industry and Information (2013). The Golden Card Project Launching a New Era for China Informatization Construction. Performance Report on the 20-Year Implementation of Golden Card Project (in Chinese)
15	Qian X S (1982). A Study of System Engineering. Changsha: Hunan Science and Technology Press (in Chinese)
16	Qian X S, Yu J Y, Dai R W (1990). Open complex huge system and methodology. Nature, 13(1): 3–10 (in Chinese)
19	Sun Y F (2007). Innovative Practice of Qinghai Tibetan Railroad Project Management. In: China Engineering Management Review and Outlook. Beijing: China Architecture & Building Press (in Chinese)
23	Wang A (2007a). Shendong, Model on the basis of Theory Innovation—Practice and Thinking on the Construction of Modern Coal Enterprise. In: China Engineering Management Review and Outlook. Beijing: China Architecture & Building Press (in Chinese)
20	Wang J M (2007b). Program Management Model Innovation of Key Petrochemical Project. In: China Engineering Management Review and Outlook. Beijing: China Architecture & Building Press (in Chinese)
21	Wang L H (2015). Report on the Cultivation of Strategic Emerging Industry and Research on the Development Strategy. Beijing: Science Press (in Chinese)
22	Wang Y P (2007c). Application System Engineering and Integrated Innovation New Theory, Development and Application of Daqing Oil Field Tertiary Oil Recovery Technology. In: China Engineering Management Review and Outlook. Beijing: China Architecture & Building Press (in Chinese)
24	Wikipedia (2017a). Waterfall Model.
25	Wikipedia (2017b). Iterative and Incremental Development.
26	Wikipedia (2017c). Rapid Application Development.
27	Xie J, Hong T, Laing T, Kang C (2017). On normality assumption in residual simulation for probabilistic load forecasting. IEEE Transactions on Smart Grid, 8(3): 1046–1053
28	Xu K D (2004). Cultivation of new idea of engineering, promotion new development of the Labor force. Journal of Engineering Studies, 2004,1(1): 4–8 (in Chinese)
29	Yin R Y, Wang L H, Wang Y L, et al. (2007). Engineering and Philosophy. Beijing: Beijing Institute of Technology Press (in Chinese)
30	Zhang Q (2013). People First, Innovation and Development. The Golden Card Project’s Contribution to the Construction of New Four Modernizations. Performance Report on the 20-Year Implementation of Golden Card Project (in Chinese)
31	Zhang S R (2002). The scope and value of engineering management. Wuhan University of Technology Journal: Information and Administration Edition,2002, 24(3): 7–10 (in Chinese)
32	Zhu G F (2007). An Attempted Analysis of Informatization Engineering Management. China Engineering Management Review and Outlook. Beijing: China Architecture & Building Press (in Chinese)
33	Zhu R J (2000). Acceleration of the construction of government information network. In: Zhu Rongji On the Record. Beijing: People’s Publishing House (in Chinese)

[1]	Zachary A. COLLIER, James H. LAMBERT. Managing obsolescence of embedded hardware and software in secure and trusted systems[J]. Front. Eng, 2020, 7(2): 172-181.
[2]	Wen Ling. Exploration and Practice in Systems Engineering Management of Large Coal-based Integrated Energy Projects of Shenhua[J]. Front. Eng, 2015, 2(2): 173-177.
[3]	Hong-feng Chai. Research and Practice on the Engineering Management Method of Financial Informatization Project[J]. Front. Eng, 2015, 2(2): 165-172.
[4]	Rui Xue,Claude Baron,Philippe Esteban,Qiang Zhang. Establishing Profiles for Systems Engineering Standards: A Great Help for Companies to Manage Their Processes[J]. Front. Eng, 2014, 1(3): 297-303.

Viewed

Full text

Abstract

Cited

Shared

Discussed