© 2016 Published by Elsevier B.V. In this work, we describe a security solution that can be used to securely establish mobile payment transactions over the Near-Field Communication (NFC) radio interface. The proposed solution is very lightweight one; it uses symmetric cryptographic primitives on devices having memory and CPU resources limitations. We show that our approach maintains the security of NFC communications and we further demonstrate that our solution is simple, scalable, cost-effective, and incurs minimal computational processing overheads.