1. Introduction
Mobile payment is payment services operated under financial regulation and performed via a mobile device. Numerous definitions have been introduced by scholars of Mobile Payments field one of the popular “Mobile Payments are payments for goods, services, and bills, invoices with a mobile device (such as a mobile phone, smart-phone, or Personal Digital Assistant) by taking advantage of wireless and other communication technologies (such as mobile telecommunications networks, or proximity technologies)” (Dahlberg et al., 2008)
Turowski, and Pousttchi (2004) defined the Mobile Payment as a procedure of electronic payment transaction procedure in which at least the payer pays mobile communication techniques in conjunction with mobile devices for the beginning, authorization or realization of payment.
Beside digital service payments for physical goods are also possible, both at selling and ticketing machines, and at operated Point-of-Sale terminals. Typical usage needs the user electing to make a mobile payment, being connected to a server via the mobile device to perform authentication and authorization, and subsequently being presented with confirmation of the completed transaction ( Turowski, & Pousttchi,2004)
A mobile payment service involves of all technologies that are offered to the user as well as all tasks that the payment service provider(s) perform to commit payment transactions. As Figure 1 shows a mobile payment service parties. (Dahlberg et al., 2008)
Fig (1) Adopt from (Dahlberg et al., 2008)
In their 2002 study Au and Kauffman (2008); Lai and Chuah(2010); Innopay (2012) divided the stakeholders into two main segments; one which includes the providers of the mobile payment solutions and the other...
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...ies of mobile payments: Understanding stakeholder issues for an emerging financial technology application”, Science Direct, Electronic Commerce Research and Applications 7, pp. 141-164
22.Lai, P.M. & Chuah, K.B. (2010), “Developing an Analytical Framework for Mobile Payments Adoption Retailing: A Supply-Side Perspective”, 2010 International Conference on Management of e-Commerce and e-Government, IEEE Computer Society, pp. 356-361.
23.Innopay (2012), “Mobile Payments 2012 – My mobile, my wallet?” Innopay, version 1.0, September 2011.
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24.Kokkola, T., ed. 2010. The payment system. European Central Bank: Frankfurt am Main. http://www.ecb.europa.eu
25. MOBILE PAYMENTS GUIDE 2012,Insights in the worldwide mobile financial services market,authers Ionela Barbuta, Sabina Dobrean, Monica Gaza, Mihaela Mihaila, Adriana
Screpnichttp://sv.wikipedia.org/wiki/Wywallet
Mobile is the first order priority device for access because people are connecting with others, finding entertainment, and doing business—all with smart phones. The prices of mobile phones are never over $1,000 in today’s world. They are affordable and accessible. As the result of the changes the worldwide and national business environment has undergone, people own 1-2 cell phones on average. However, the mobile markets in US seems to have been saturated.
Among the most recently added features is the option to pay for goods and services using your mobile device. The feature was first available in 2011 with Google Wallet; however, it failed to gain traction in the market. Its many points of failure included the mobile service carriers who sell the devices. One major problem was that it was yet another piece of the very complex string of players involved in payment processing. All of those players had at least some cause to block the service.
Using technology makes everything easier. Recently, most companies depend on technology to provide many services for consumers. Banks are one of the sectors that relied on technology dramatically in order to provide better services to their customers. Chase Bank and Bank of America are two of the biggest banks in the US. Although each bank has made its own commercial regarding to using the application vie smartphones, there is a great similarity between them in terms of people, the style and the main idea.
Apple Pay is a new payment method which was announced on 2014 Apple Dev Conference. Apple Pay works on iOS 8 devices and makes payment at over 200,000 retail stores in the United States. Apple has to cooperate with credit card issuer and retail stores to make the payment happen. It works like middleman between credit card and retail stores and the customer to make the payment happen.
Thesis statement: My audience should improve the security measures used in the mobile payment application because it puts customer’s information at risk of exposure to unauthorized person. The solution suggested will ensure that customers will feel safer using a more secure application to conduct their transactions. In addition, it will help prevent future loses and complaint against Starbucks.
PhonePe – Mobile Wallet on the Lines of PayTM and others. [Launched as of August 2016].
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“The future of mobile payments is here. It is just not evenly distributed” (Gibson, ……)
The use of credit and debit cards today are taking a tour in the sense that electronic cash is becoming more admissible as the world makes a switch towar...
The mobile phone is fast emerging as a device that enables our lives in multiple ways. Airtel has taken this a step further and launches Airtel money as first-of-its’s-kind services from telecom operator which transform Smartphone’s into a secure and convenient wallet.
receiving money by means of computers in an easy, secure and fast way using an account-based system. This can be
Digital money is undeniably convenient; anyone who has used a credit or debit card understands this. However, the era of digital money is only beginning; rapid technological advances will continue to make paper money a remnant of the past. Several innovations are already lessening the burden in your wallet. For instance, the seemingly innocuous mobile phone is actually playing an increasing role in facilitating monetary transactions, especially in Asia. Already, in Japan, large companies such as Coca-Cola have sanctioned vending machines that are not only compatible with common cell phones but also allow consumers to earn credits for using them (Kupetz). In this regard, the United States is strikingly behind the times when compared to other countries. Another new technology in the vein of mobile phones is no-contact cards. These innovative cards do not require a cashier to conduct a transaction; one simply holds a specia...
Mobile phones are long range, portable and wireless electronic device of communication. It is a part of introduction of new technology are influence the most of the restaurant business. The term “m- Commerce” stands for mobile commerce. It is the buying and selling of goods and services through portable devices such as cellular phone, personal digital assistance (PDA), smart phone and any other handheld devices rather than desktop or laptop computer. M-Commerce is a new channel or medium for commerce, presents unique feature such as ubiquity, personalization, flexibility and localization which are not available in traditional e-commerce, therefore has an opportunities for diverse functionalities and applications by providing customers with
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