Commerce on the Go: Mobile Payment Systems and Solutions

Commerce on the Go: Mobile Payment Systems and Solutions

Mobile payment systems have been developed in recent years to facilitate purchases of products, services, and content in mobile and electronic commerce and at physical points of sale. This study focuses on understanding and explaining the adoption of mobile payments by the two main adopter groups - consumers and merchants.

Mobile payments have been implemented with a number of ways using different technical and business models. This report deals with the essential issues, technical aspects of the most interesting solutions are covered and analyzed with a focus on their suitability for use. The acceptance of mobile payment procedures depends on many factors including usability, costs, security and convenience issues.

Despite the predicted success of mobile payments, the market remains immature in most countries. This can be explained by a number of technical and business issues. Mobile technology environments are becoming more complex, uncertain, and disruptive. This report helps the reader navigate these issues.

Target Audience

• Mobile Network Operators
  
  
• Mobile Payment Service Providers
  
  
• Mobile Software Developers
  
  
• Mobile Security Specialists
  
  
• Mobile Web Applications Developers.
  
  
• State/Federal Finance Professionals

• Mobile payments can provide cost savings, improved cash forecasting, and straight-through processing.
  
  
• Edy from BitWallet is the market leader, accepted in more than 71,000 convenience stores, bookshops, and coffee chains as well as at vending machines.
  
  
• MoreMagic's product range enables dynamic pricing and payment of a wide variety of network services and applications over all 2G, 2.5G, and 3G networks.
  
  
• TextPayMe service is now powered by Amazon Payments. This new service allows user to send and receive money through both the mobile phone and the TextPayMe website.
  
  
• Pay-By-Touch was a privately held company which enabled consumers to pay for goods and services with a swipe of their finger on a biometric sensor.
  
  
• SmartPay provides remote payment services in China under the brand name ''Jieyin''.