Design a system to pay the credit card bills via handset - Essay Example

The application allows the task to be carried out through a text message. Credit card bill payments can be stressful from a cardholder’s perspective. A visit to a bank or pay point may not be convenient to a busy person. Besides this, the time consuming queues can make a person avoid the payment exercise completely. An individual facing a low liquidity situation is more likely to avoid making the payment in the face of the added difficulty of the payment process. Cardholders are often wary of accessing the net and carrying out banking transactions due to the confidential information that they have to share.

Security is a major concern for electronic transactions. WAP-enabled communication devices like mobile phones and PDA can be used for information access and banking transactions. This system allows the use of phones to pay credit card bills regardless of time and location. The success of this payment options is that the user is not expected to go out of his way to access this feature. The technology is flexible and adapts to the habits of the user. It provides an additional channel for transacting at no extra cost to the user.

If the issue of security is well managed, this mode of transacting will be widely used. “M-Commerce reflects a change in distribution technology innovations in the card payment industry. Mobile banking functions as a phone channel, meaning banks no longer have to depend on the branch network to reach the customer frontier. As competition increases, banks realise the importance of providing integrated delivery channels; branch, phone, Internet, digital television and hand-held computers all add value to the traditional card-based services.” (93) Mobile Commerce is clearly this decades biggest growth opportunity.

The Web and its features can be accessed within constraints of time and location. There are a few other restrictions such as power failures or disasters like fires. Wireless communication paves the