StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Background to Mobile Payment Technology - Essay Example

Cite this document
Summary
The paper "The Background to Mobile Payment Technology" describes that nowadays online social networking, music, and gaming are increasing volatile enlargement in the digital content marketplaces and 70% of web-based people have no credit card, however, a mobile phone has…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
The Background to Mobile Payment Technology
Read Text Preview

Extract of sample "The Background to Mobile Payment Technology"

In this report, I will present a detailed analysis of the implementation of mobile payment technology for the HMV. Here in this report, I will outline the major qualities and efficiency of this technology incorporation for online music, DVD/Video, Computer Games, and Related Products payment.
HMV is a leading online music, DVD/Video, Computer Games, and Related Products retailer in the UK and Ireland. They want to incorporate this new technology for better business management and online payment handling.
As technology progress, the need for innovation is always felt in all business. This gave the company a competitive edge for better customer satisfaction and attraction. HMV has also aimed to transform their way of payment and decided to provide their customers with a better and more easy way of online payment. This also adds to companies list of payment options.

Pay By Mobile
Shuffling through your pockets at the shop depart, you understand you’ve missed your wallet at the house and all you have by the method of payment are a small number of coppers and a previous bus ticket. You’re concerned to create your red-faced justification when you consider you as well have your mobile cell phone. All you require to do is swipe it crossways a reader by the yet and right away your obtained will be accused to your credit card.
Not pleased with restoring our MP3 player, landline, alarm clock, camera, and mobile phone producers have at the present place their sights on replacing our wallet. Their latest creation of cell phones will connect us to credit or debit bank accounts as a fraction of a combined plan with mobile phone operators, credit card companies, and banks. They forecasted this one-swipe disbursement technology will possibly put back cards and cash and formulate it probable to go shopping armed simply by a mobile phone.
This way of paying is called the “pay-by-mobile” system previously functioning in Japan, where it is named “o-sifu keitai” or can say the mobile wallet, and tests are underneath way in the US, Sweden, and France.
Business insiders forecast the latest technology could reach the United Kingdom after one year. Pay-by-mobile established a boost in up last few months, when the Groupe Speciale Mobile Association (GSMA), on behalf of mobile phone handlers, declared a structure for a worldwide standard for mobile cell phone purchase payments. This would permit users of networks like Orange to utilize their phones to build buys in the sameO2, Vodafone, in a method in the region of the world.
Following several disjointed initiatives, we are at the present joining in the region of a single technique to facilitate mobile phones to be utilized in the place of cash or plastic.
The capability for mobile cell phones to be utilized as disbursement devices have extended and been observed as the sacred grail for together phone corporations and banks. As taxes for straight calls fall and competition from inexpensive or at no-cost calls over the internet warms up, phone corporations are more and more looking to the latest applications to increase revenue.
Credit card corporations perceive pay-by-mobile as a method of giving confidence to people to create small purchases that are at present made with cash, or on credit. By quantity, two-thirds of United Kingdom expenses are yet prepared by cash, therefore “mobile wallet” would provide credit card corporations a piece of these cash dealings. And research demonstrates people are further probable to abscond their wallets at house than on their mobile.
M-Commerce and Internet
New technology has at all times assisted us in assembly our daily lives easier. Mobile online payment or it is now said that M-Commerce is as well one of those technologies. The technology permits us to disburse for our high quality using cell phones. Presently a lot of companies have enabled this technology. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The background to mobile payment technology and its implementation in Essay”, n.d.)
The background to mobile payment technology and its implementation in Essay. Retrieved from https://studentshare.org/miscellaneous/1551975-the-background-to-mobile-payment-technology-and-its-implementation-in-hmv
(The Background to Mobile Payment Technology and Its Implementation in Essay)
The Background to Mobile Payment Technology and Its Implementation in Essay. https://studentshare.org/miscellaneous/1551975-the-background-to-mobile-payment-technology-and-its-implementation-in-hmv.
“The Background to Mobile Payment Technology and Its Implementation in Essay”, n.d. https://studentshare.org/miscellaneous/1551975-the-background-to-mobile-payment-technology-and-its-implementation-in-hmv.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Background to Mobile Payment Technology

An Overview of Mobile Commerce and Mobile Banking Solution for the Unbanked in Sub Saharan Africa

This thesis specifically provides an overview of electronic commerce and the means by which it has been integrated with mobile technology; implements literature sources and industrial articles from the telecommunications and mobile industries.... This is the combination of electronic commerce with mobile handset technology.... This thesis specifically provides an overview of electronic commerce and the means by which it has been integrated with mobile technology....
55 Pages (13750 words) Thesis

Ectronic Payment Systems: A User-Centered Perspective and Interaction Design

n the next section, the researcher will describe the theoretical model of e-payment system in order to prepare the background of the proposed recommendations.... This essay "Ectronic payment Systems: A User-Centered Perspective and Interaction Design" discusses e-payment system, efficiency of the transaction process has been plagued by various factors such as high transaction costs, lack of trust among users regarding the efficiency of the security....
10 Pages (2500 words) Essay

The Mobile Payment Technology in Australia

The paper "The mobile payment technology in Australia" explains that mobile payment technology has developed in Australia and the number of various factors that have played a major role in creating the perception among the people regarding mobile payment technology.... Innovative applications like m-payment services are not adopted by all the customers at the same point in time.... The users who have pioneered the implementation of them-payment services are the innovators....
6 Pages (1500 words) Research Paper

Developing Successful Mobile Payment Technologies

Furthermore, mobile payment developers should consider what value mobile payment technology brings to payers and include usefulness, economic benefits, and information value in these considerations.... The essay "Developing Successful mobile payment Technologies" focuses on the critical, and thorough analysis of the major issues in developing successful mobile payment technologies.... The adoption of mobile payment services has been no exception....
106 Pages (26500 words) Essay

New Payment Methods

This case study "New payment Methods" gives a clear analysis of the term new payment forms.... It will first look at the reasons that led to the formation of new payment methods and why the new methods are famous.... It will also describe the different types of new payment methods.... The paper will also discuss a marketing theory that links the new payment methods and give recommendations on how marketers can create awareness of the new payment methods....
11 Pages (2750 words) Case Study

Advantages and Disadvantages of Mobile Technology

Some of the gadgets involved when it comes to mobile technology include laptops, tablets, personal digital assistants, wireless credit or debit card payment terminals, vehicles, global positioning system devices, and cellular phones among others.... Some of the areas that will be highlighted in the paper include the background information that surrounds mobile technology, the implications of mobile technology, the benefits, and drawbacks of mobile technology as well as the effect of mobile technology on accessibility and the digital divide....
10 Pages (2500 words) Essay

Mobile Banking Applications Security Risks

Besides, the other objective is to stimulate real-life attacks related to mobile banking applications through the use of workflow technology.... Authored by He, Tian, Shen, and Li (2015), the first journal is titled 'Understanding Mobile Banking Applications' Security Risks through Blog Mining and the Workflow technology'; this paper will be referred to journal 1 in this essay.... The authors posit that various people including students are currently using mobile banking applications, employees as well as housewives; these users have varying technology experience in different places such as airports, workplaces, homes as well as coffee houses....
9 Pages (2250 words) Literature review

Trends in Development of Cashless Payment Systems in the UK

Although new payment systems are faced with different challenges, business organizations are embracing the new technologies in their organization since the customers are quickly adopting the technology.... Information systems as part of information technology have been used by people in different ways such as conducting business, easing difficult tasks among other uses (Hayden et al.... The impact of information systems in society is one of the major successes since the impact of digitalization, and information technology has been noted....
9 Pages (2250 words) Case Study
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us