Mobilepayments3 150326043742 Conversion Gate01
Mobilepayments3 150326043742 Conversion Gate01
Mobilepayments3 150326043742 Conversion Gate01
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QR Code Payments
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In the predominant model for SMS payments, the consumer sends a payment
request via an SMS text message or an USSD to a short code
The merchant is informed of the payment success and can then release the paid
for goods
A Multimedia Messaging Service can also deliver barcodes which can then be
scanned for confirmation of payment by a merchant
Since a trusted physical delivery address has typically not been given because
of purchasing of goods become very quick
SMS are attractive for micro payments and are fast, easy and anonymous
Cons
SBS/USSD
GPRS
Gatew
ay
Digital goods
return
Customer
Mobile
Networ
k
Addressing to security hole in the premium SMS model, the direct mobile billing adds an
additional authentication step in the purchasing process
It requires two factor authentication which shows to significantly reduce the potential
for fraudulent purchases , protecting both consumer and merchant
Direct mobile billing, also known as mobile content billing, and carrier billing, requires
integration with the operator
Directmobilebilling is one of the preferred micro-payment methods for gaming tokens, inapp items, or social network credits.
It is becoming popular in both emerging and developing markets, since it offers the safest
and fastest way for completing a digital purchase.
It allows people tobuy digital contentby adding the cost of a purchase directly to their
mobile bill, regardless of the type of device they own. The concept is comparable to
buying on-demand television shows by adding it to your cable bill.
Cons
The consumer uses web pages displayed or additional applications downloaded and
installed on the mobile phone to make a payment. It usesWAP(Wireless Application
Protocol) as underlying technology and thus inherits all the advantages and
disadvantages ofWAP
Mobile online payments are simply typical eCommerce payments using a credit card
over a mobile phone via a website or application. Mobile online payment s require user to
enter all the mandatory details for payment like name, card info etc..
Direct Operator Billing This involves a direct connection between the customer
and billing operator
Credit Card This involves the usual based credit card transaction, in which
users are directed to a credit card payment page where they are required to fill
credit card details
Online billing through third party players like Paypal, Google Checkout, Amazon etc..
The WAP protocol is designed with the network, device and user interface limitations in
mind. This means that WAP is optimized for mobile networks with narrow bandwidths,
Cons
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WAP Gateway
Client/Custome
r
WML
Encoder
WML
WML
Script
Web Server
WAP
WML
Script
Encoder
HTTP
WML
Decode
with WML
Script
HTTP
Ban
k
Protocol
Adapter
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QR Code Payments
QR code is another way of delivering payments that display on a Smartphone screen and
are scanned at point of sale.
QR code contains all the business details you need to get paid, including your mobile
number or Short Code.
We can put a QR code on business cards, bills, website, point of sale or product labeling for
interactive and easy payment
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QR Code Payments
Pros
Cons
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QR Code Payments
Merchant
Merchant
Server
Payment
Gateway
Customer
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Apple Pay
Apple Pay is a mobile payment service that lets certain Apple mobile devices make
payments at retail and online checkout
It lets Apple devices wirelessly communicate with point of sale systems using a near field
communication (NFC) antenna, a "dedicated chip that stores encrypted payment
information" (known as the Secure Element), and Apple's Touch ID and Passbook
Passbook is use to store credit or debit cards while registering it for payment
It keeps customer payment information private from the retailer, and creates a "dynamic
security code generated for each transaction
iPhone users authenticate by holding their fingerprint to the phone's Touch ID sensor
User's payment information, and credit card numbers and data are never uploaded to
iCloud or Apple's servers
Apple utilizes Device Account Numbers, a user's credit card number isnever shared with
merchantsor transmitted with payments
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Apple Pay
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Cons
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NFC Mechanism
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The cloud based payments enable the industry to efficiently deploy innovative payment
solutions. It gives the industry more flexibility in offering the consumer convenient and
secure ways to pay with mobile devices.
When secure element (SE) is placed in cloud then payment made by such process is
called could based payment
Cloud based mobile payments can be deployed by Host Card Emulation (HCE),
tokenization
Cloud-based payments enables to perform NFC card emulation without using a hardware
Secure Element (SE) in mobile handsets , this SE get placed in cloud space where all the
information of credit card store to make the payment secure
PayPal
GlobalPay
GoPago
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Cons
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HCE
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The audio channel of the mobile phone is another wireless interface that is used to
make payments. Several companies have created technology to use the acoustic
features of cell phones to support mobile payments and other applications that are
not chip-based
It uses different technologies likeNear sound data transfer (NSDT), Data Over Voice
and NFC 2.0 produce audio signatures that the microphone of the cell phone can pick
up to enable electronic transactions
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Cons
More noisy environment can create the problem
in data transfer
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Merchant
Audio Channel
Internet
Custome
r
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