Mobile payment using cloud computing

A method for mobile payment, comprising:

• selecting a method for payment of a purchase request using an application on an electronic device;
• transmitting information for the selected payment method to a payment reader for authorizing the purchase request;
• sending the purchase request to a financial entity server in a cloud computing environment by the payment reader;
• processing the purchase request by the financial entity server based on identifying the electronic device, and the financial entity server sending an attestation request to the electronic device;
• performing remote attestation by the electronic device and transmitting a response to the remote attestation to the financial entity server;
• processing the attestation response by the financial entity server for verifying the electronic device;
• responding to a verification request sent by the financial entity server by the electronic device to verify the purchase request;
• and
• completing the purchase request by the financial entity server based on a response to the verification request from the electronic device.

A non-transitory computer-readable medium having instructions which when executed on a computer perform a method comprising:

• selecting a payment method from a list of payment methods for payment of a purchase request using an application on a mobile electronic device;
• transmitting information for the selected digital credit card from the mobile electronic device to a payment reader for authorizing the purchase request using near field communication (NFC) for the transmitting of the information;
• verifying the purchase request using a financial entity server in a cloud computing environment;
• and
• completing the purchase request upon verification of one of a digital certificate for the selected digital credit card or verification of the electronic device.