2. INTRODUCTION
By technology emerging and humans becoming more
computer driven, the traditional way of doing sales are
constantly changing. More people are relaying on technology
to make their lives more simple and easy. Humans today want
things available to them at a fast steady pace.
The advantages of Mobile Payments Systems are:
Convenient
Fast
Easy
Simple
3. OBJECTIVE
At the conclusion of this presentation you will be able to
Understand “Mobile Payment Systems”
Identify Mobile Pay vs Traditional Pay
Describe 4 types of Mobile Payments
Set-up an mobile payment account
4. Mobile Payment Systems
One of the newest forms of technology
that is emerging within the retail market is
“Mobile Paying System”.
This is a fast pace growing business .
Mobile Payment is an alternative payment method
it is uses with either your cell phone or tablets.
Instead of paying with cash, check, or credit card. A
consumers can use a mobile phone to pay for a wide
range of services, digital products or hard goods.
5. Mobile Pay vs Traditional Pay
Mobile Payment Traditional Payment
1. Contactless 1. Interactive
2. Fast & Convenient 2. Time Consuming
3. Used on the go-anywhere 3. Used in Physical Setting
4. No land-line needed 4. Must be grounded to a land-line
5. Wireless card reader 5. Card machine
6. Instant Pay-out 6. Delayed payment
6. Different types of Mobile Pay page1
Premium SMS based transactional payments
1. Payment is sent via SMS text message.
2. Premium charge applied to you cell phone bill.
3. Service provider will notify merchant of payment.
Examples: Ringtones, Screensavers, Games, Movies, Music & etc.
Direct Mobile Billing
1. Payment is sent using an e-commerce site.
2. Two- factor authentication required.
3. No pre-registration or software needed.
4. Usually transaction is excepted within 10 mins.
Examples: Gambling Sites, Interactive Games Sites, etc.
7. Different types of Mobile Pay page2
Mobile Web Payments (WAP)
1. Payment is sent via SMS text message.
2. Premium charge applied to you cell phone bill.
3. Service provider will notify merchant of payment.
Examples: Online Shopping Stores, etc.
Contactless NFC (Near Field Communication)
1. Used mostly in a physical retail store.
2. Uses a special mobile phone equipped w/ a smartcard.
3. Must be read by a mobile reader module.
Examples: Starbucks, Bank Credit Cards, MTA (Metro),etc.
8. Mobile Set-up
eHOW- Set-up instructions
http://www.ehow.com/how_6711341_set-up-online-payment-systems.html
Instructions
1 Go to the website for the company or business or utility that you owe money to. It could be your rental company's
website, your electricity company's website, or a website for your loan, your gym, or anything else you pay on a
regular basis.
2 Click on "Register for online payments," or "Create a new account." If you already have an account, click "log in"
and use your account information to log in to the system. Once you log in or create your account and log in, you
have access to the process and can set up your payment systems.
3 Click on "Set up Payment Systems," "Set up Automatic Payments," or "Make a Payment." You might need to click
"View my Account" or "My Bill" first.
4 Read through your bill and make sure you agree with the amount you owe. Then click "Automatic" or "Online" for
the payment type. If you do not see automatic or online listed, it means this company might not accept online
payment systems.
5 Set up your payment system on the following screen. Input your bank account or credit card number when
prompted. Select whether you would like to pay the same amount each month automatically, or whether you would
like to log into the system each month and select an amount to pay. You can also select the length of time your
automatic payments will run for.
Read more: How to Set Up Online Payment Systems | eHow.com http://www.ehow.com/how_6711341_set-up-
online-payment-systems.html#ixzz2E3oIkSOQ
9. Companies and Mobile Payments
Companies that use mobile systems are:
Wal-Mart, Bank of America , Amazon
Companies that created the systems are:
PayPal , Intuit, Isis
Companies that you can sign up yourself..
Isis, Groupon, PayPal
10. Summary
Mobile pay is the way to go. It’s easy quick and
more reliable then traditional payment methods. As
the world becomes more eco friendly
society is moving towards paperless transactions.
Mobile payment systems are becoming the new
way of modern day payment processing.
