Mobile Payment Services

1798 Words4 Pages

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...

... middle of paper ...

...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.
Articles
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

More about Mobile Payment Services

Open Document