Mobile cloud computing is a technique or model in which mobile applications are built, powered and hosted using cloud computing technology. In Mobile Cloud computing we can store information regarding sender, data and receiver on cloud through mobile application. As we store more and more information on cloud by client, security issue will arise. This chapter presents a review on the mobile cloud computing concepts as well as security issues and vulnerabilities affecting Cloud Systems and the possible solutions available to such issues within the context of cloud computing. It also describes the pros and cons of the existing security strategy and also introduces the existing issues in cloud computing such as data integrity, data segregation, and security.
The financial services industry is changing rapidly as a result of advances in information technology, telecommunications and the Internet. Technological innovations and increasing customer demand have led to the emergence of new services and new organizational forms for financial services firms. The gait of innovation in the Social media, the payment system is staggering. The biggest social media sites are Facebook, massive and used by almost everyone, Twitter, the micro-blogging, and LinkedIn, the online professional networking site. By using the social media connections as a method to exchange the funds, we can integrate our use of mobile wallets, PayPal, etc. to our social media sites. Believing on daily deal platforms, none of the current daily deal platforms can compete with the granularity and relevance with which banks could target a deal to a specific subscriber, having access to their extensive spending history and preferences. A feedback loop extending from the Bank to the merchants enabling the creation of accurate list of customers who consistently spend in specific retail categories can help merchants in delivering targeted offers to attract new customers.
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