Swipely Research Paper

Swipely Research Paper
Swipely Transaction Fee: Yes, undisclosed Swiped: Keyed: E–Commerce/Online Payments: No
POS Payments: Yes, undisclosed Swiped: Keyed: Mobile/Wireless Payments: No Swiped: Keyed:
Mobile App Ratings: Google Play Store: NAApple App Store: NA Time in Business: 2009 BBB:
Accredited, A+, http://www.bbb.org/boston/business–reviews/internet–services/swipely–inc–in–
providence–ri–119276 Introduction Swipely was founded in 2009 by Angus Davis and is currently
headquartered in Providence, Rhode Island . Swipely started out as an invite–only social shopping
service where users could share their shopping experiences. Then it evolved into a loyalty platform
for small businesses and further expanded its loyalty ... Show more content on Helpwriting.net ...
But they do have a "competitor rate match" policy. So you will receive a cost–plus rate quote and
their current subscription fee after that. Swipely does charge an early termination fee of $300;
however, this might be a negotiable point. Additionally, they don't use liquidated damages early
termination fees, so this is one in their favor. And they clearly disclose these facts in their contract,
so this is another thing in their favor. However, if you do decide to cancel, you will need to submit a
30–day cancellation notice in writing. Even though Swipely doesn't have any negative reviews with
the Better Business Bureau, we did find one complaint after doing a general internet search stating
that Swipely keeps calling them to solicit their business. And when the merchant told the sales rep
he wasn't interested, he belittled him by saying "you're just the general manager, have you even
talked to the owner about it?" It just so happened that the sales rep was talking with the owner, so
needless to say, he wasn't very happy about it. With that being said, we weren't able to find any other
complaints anywhere regarding this
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Apple Pay : The Future Of Mobile Payments
Introduction Apple Pay is the future of mobile payments and has grown a lot since it was first
released. There are other competitors that have tried recreate Apple 's version of online payments.
Apple Pay is not only a way to make purchases online but it also can be used in place of a credit
card. Instead of being swiped at checkout shoppers wave their device over the Apple Pay terminal to
complete a purchase. The use of Apple Pay has been growing according to Michael Krey in his
article titled, "Apple Pay reportedly giving users headaches" he states, Apple Pay "makes up more
than $2 out $3 spent on purchase using contactless payment across the three major U.S. card
networks" (Krey). Although currently, "Baird Equity Research found that nearly 40% of iPhone 6
series handset owners have used Apple Pay" (Krey). I will go into depth discussing the current use,
security, future uses, ethical and social implications, and cons to Apple Pay. Current Use Apple Pay
is a way for Apple users to pay for something with just the wave of their device. According to
Joshua Brustein in his article "Apple Pay is Too Anonymous for Some Retailers", "Apple Pay works
with iPhone 6s, iPhone 6s Plus, iPhone 6, iPhone 6 Plus, iPhone SE and Apple Watch". (Brustein). It
"uses NFC, or near–field communication, technology that enables users of iPhone 6 models to make
payments at stores that have upgraded to accept the system" (Krey). Reinhardt Krause states in his
article, "IPhone Tap–To–Pay

Apple 's A Competitive Advantage
Apple experienced a significant spike in advertising expenditures that correlated with the release of
the new iPhone and iPad products in 2010. Nevertheless, Apple's spending on advertisement never
topped one percent of total sales. Furthermore, Apple spent only 0.6% of total sales on advertising
compared to Samsung's 2.3% of total sales spent. Despite the refined marketing and advertising
expenditures, Apple's 2012 earnings grew by $48.2 billion, a 45% increase from 2011, compared to
Samsung's earnings growth of 21.9% (SMInsights, 2014). Thus, Apple was able to achieve the best
return from marketing and advertising spending in the industry. Apple's advertising money is spent
more effectively than its direct competition and provides greater returns in terms of revenue, brand
value, and recognition. In doing so, Apple creates a competitive advantage that has proven very
difficult to match.
4.1.2. Extensive Distribution Channels
The United States is the leading and high–end smartphone market in the world. The U.S. generated
$66.6 billion or 39 percent of Apple's total sales in 2013, proving the market's arterial importance to
overall organizational sustainability.
Apple utilizes direct distribution channels, most notably, retail stores, to deliver products to
customers. Upon the end of 2013, Apple, Inc. controlled 254 retail stores in the U.S. The stores
generate $4,032 per square foot, the highest among all brick and mortar retailers (Apple.com, 2014).
The

Safety And Security Of Mobile Payment Systems
Safety and Security of Mobile Payment Systems
Problem Statement
New technology has spurred innovative ways to spend money. As mobile payment systems
continually develop, consumer financial and personal information risk exposure. Industry officials
state the technology is growing, but security specialists argue growth of will inevitably attract fraud.
Smartphone owners must treat their phones as a miniature computer and equip proper anti–virus and
malware software. Enacting preventative methods will help thwart security breaches over mobile
networks. (Ladendorf, 2013)
Thesis
Although major retailers have had credit card breaches, which devastated consumer trust in credit,
Mobile payment systems stay efficient, but risk personal and financial data fraud similar to plastic
credit card usage theft. Patrons fear merchants can track your shopping habits, location and financial
records using a mobile GPS signal. Nevertheless, worries that someone can steal their information
when sent wirelessly therefore consumer confidence remains low. Thorough safety measures will
help give customers composure and regain assurance. (Busby, 2014) (Sapienza, 2013)
Counter Argument
Mobile payment entities provide added safeguards for protection. These companies, such as Google
Wallet, Apple Pay and PayPal provide a "unique device account number" for each transaction while
not using normal credit card information. The number goes to the merchant, and then the company
triggers the payment.

Summary: Verizon Wireless Billing Case
Thank you for allowing Verizon Wireless the opportunity to respond to Ms. Kettle's complaint. In
her complaint, Ms. Kettle states she signed a contract with Verizon Wireless on July 22, 2017. A few
days later she received notification via text message that her account was placed on paperless
billing. Therefore, she did not receive her first invoice until August 28, 2017. The invoice included
charges for two months and a late fee. Ms. Kettle requests assistance with this matter. Our account
records show Ms. Kettle activated service at indirect agent Cellular Only Connection on July 22,
2017. The Enroll in paper–free billing option was selected during signature of the contract by Ms.
Kettle. Instead of receiving a paper bill, the customer

A Study of How to Promote the Use of Mobile Payment
209KM Research Methods Project Proposal A study of how to promote the use of mobile payment
This example is for discussion, not used as a model of good report Table of Contents 1 Title 1 2 Aim
1 3 Objectives 1 4 Background 2 5 Critical review of relevant literature 3 5.1. Basic Mobile
Payment Types 3 5.1.1. Mobile Fees Account Payment 3 5.1.2. Bank Card Mobile Payment 3 5.1.3.
Token based Mobile Payment 4 5.2. Mobile payment choice 5 5.3. Factors that influence mobile
payment 5 5.3.1. Stability of mobile network facilities 6 5.3.2. Standardisation challenges 6 5.3.3.
User experience 7 5.3.4. Security 8 5.3.5. Regulation Issues 9 5.4. Other issues of mobile payment
10 6 Research method ... Show more content on Helpwriting.net ...
6. Critical review of relevant literature 1. Basic Mobile Payment Types Monetary transactions have
been played in crucial roles since centuries. People has been adopted various payment methods for
transfer monetary values freely for their targeted party or parties. Now a days, people not only
transferring their assets by physically currency like notes and coins, but also they have adopt using
plastic cards or even virtual money within their daily activities such as buy things in the flea
markets, paying train tickets or parking tickets, buying antiques from eBay and so on. It is required
to identify the basic payment method that exists within the mobile environment before further
investigations. 1. Mobile Fees Account Payment A very ordinary forms of mobile payment is user
usually subscribe an additional mobile services from their fixed mobile account. Normally people
use this payment method to purchase software, music, or other correspondence authorities via
mobile phone. The fees will be sum up with the monthly basis of an individual customer. No doubt
this micropayment method is convenience and quick. Feig (2007) stated, "...allowing users to charge
their purchases at participating Web sites to their mobiles phone bills without having to sign up for
an account of even going through a credit card. The customer sends a text to the retailer and the
transaction is complete in

Capsimple Case Study
PaySimple
Transaction Fee: $39.95 per month + transaction fees
as low as 2.39% + 29¢
ACH/eCheck processing a flat 55¢ each
Swiped and keyed prices were not broken down individually
High volume merchants were prompted to call for a custom quote
E–Commerce/Online Payments: Yes, see above
POS Payments: Yes, see above
Swiped:
Keyed:
Mobile/Wireless Payments: Yes, see above
Swiped:
Keyed:
Mobile App Ratings:
Google Play Store: 4.2
Apple App Store: 4+
Time in Business: 2005
BBB: Accredited, A+, http://www.bbb.org/denver/business–reviews/payment–processing–
service/paysimple–in–denver–co–57001221
Introduction
PaySimple was founded in 2005 by Eric Remer and Allen Wolff and is currently headquartered in ...
Show more content on Helpwriting.net ...
These features give you everything you need all in on one convenient platform. This will save you
and your employees loads of time and make your business more efficient and appear more
professional. At the time of this writing, Book Simple was being offered for free as a limited time
introductory offer.

PaySimple Pro
PaySimple is a complete billing and payment solution that includes payment acceptance, customer
data management, billing automation, payment vault and PCI compliance and a free mobile app.
This program is also integrated with the Book Simple program shown above at no extra charge.
Additionally, PaySimple also allows for unlimited customer data, invoice billing, recurring
payments, as well as payment and appointment reminders, branded online payment forms and users.
PaySimple is $39.95 per month plus transaction fees as low as 2.39% + 29¢ and ACH / eCheck
processing at a flat 55¢ each.
PaySimple

Security Risks And Vulnerabilities Of Mobile Payment...
Abstract
Mobile payment apps such as Vemo and PayPal are quickly becoming one of the most popular ways
for peer–to–peer money transfer and other apps allow users to have contactless payment at
checkout. These apps contain very personal and accessible information, yet there is little to no
concern for the security of this valuable information. This paper will access the current security risks
and vulnerabilities of mobile payment applications and what users should be doing to protect
themselves. This is important to the cyber security body of knowledge because thieves will use the
vulnerabilities of the apps to steal personal information. It then falls into the hands of cyber security
specialist to protect and educate users to decrease crime.
Introduction
Payment processes have evolved from the traditional cash or cards to innovative electronic wallets
on smartphones. Consumers are accepting this new form of convenient payment and imputing all of
their personal data including their full name and credit card information onto apps such as Apple
Pay, Samsung Pay, Pay Pal, etc. These apps are available on both the Apple Store and Google Play
and have their own way of using various forms of mobile payment. According to forecasted reports,
mobile payment volume will bring in $503 million by 2020 compared to the current $75 billion this
year (Bakker, 2016). As always, with new technologies come new challenges and risks. Mobile
payment apps are not an exception. Due to the

Mobile Payments Are Becoming An Upcoming New Trend
Chan, Kendra
007192003
Kendraa.chan@gmail.com
Bus 188 S01
Wireless Payment – Wallet Share
December 1, 2014
Mobile payments are becoming an upcoming new trend when it comes to technology. Mobile
payments allow its users to pay for their daily needs with their phone without having to carry cash,
let alone, their wallets around. However, the United States has been delaying the adaptation of
mobile payments due to the fact that many different retailers have developed their own form of
mobile payments as opposed to a universal approach. While many countries in Europe and Asia
have successfully adopted mobile payments, United States still are behind in the trend.
Introduction:
As technology grows, so do the consumers. Consumers rely so much on easy shopping and
simplified checking out possibilities that application developers have started to develop more mobile
payment applications. These mobile payments are the technology of the future and yet the United
States is still lagging behind in the rush to simplify shopping from a plastic card to a mobile app.
However, with such developers from Apple and Google, there are applications where the mobile
phone can stand as a wallet, but retailors do not necessarily choose a universal application to use.
With Apple Pay and Google Wallet actively used, many retailors have opted to convert their
merchandise to be payable with such applications .
George and his Wallet:
George could not ditch his wallet due to the

A Knowledge And Understanding Of Cloud Computing
Task 1
Purpose: To develop knowledge and understanding of cloud computing.
Task: Discuss the advantages and disadvantages of cloud computing. Identify the key idea from the
materials.
Cloud Computing:
Cloud Computing is an internet based service provide your business an updated model that deliver
you a software, data access and storage remotely over the internet.
Advantages of cloud computing:
Broad Network Access: You can access it from anywhere in the world anytime from any device.
Rapid Elasticity: Whenever you need to increase volume you can do with in short time.
Measureable Service & Reduce Spending Money: This service is pay as you go, it may depends on
your usage, Storage, no. of users or hourly rate. Even you don't have to buy costly IT infrastructure.
On Demand Self Service / Resource Pooling: Whenever you need a service as per your requirement
ex. with your business name, Logo etc., you will get it within couples of minutes.
Globalize Your Workforce: People can access the cloud anywhere with an internet connection.
Software as a Service (SaaS): In this service provider provide an applications to consumers over
internet.
Platform as a Service (PaaS): In this service, they provide you a platform software to develop or
build applications.
Infrastructure as a Service (IaaS): In this service, service provider provide you virtual infrastructure
like virtual desktop, server or memory etc. is provide to consumer you can use it anytime.
You

Should Mobile Payments Replace Credit Cards?
Research Details and Analysis To answer my main question "Will mobile payments replace credit
cards?", I have conducted an online survey as part of the primary research. I received 92 responses
from the survey. A 2009 study by Deloitte predicts that by the end of 2015, seventy percent of
mobile payment users will be under the age of 40 and that the annual spend of these Millennials
(also referred to as Generation Y) will reach $2.45 trillion dollars in the US alone.(Dennehy D,
Sammon D, 2015). So, I have focused mainly on the age groups 18–29 which were 69% and 30–44
which were 21% of the total responses (Exhibit 1). 88% of the people were aware of the mobile
payments (Exhibit 2) and 33% were extremely comfortable with the concept of mobile payments
(Exhibit 3). The research clearly tells that people are aware of the technology and are comfortable
using it. Respondents of the survey were concerned by the security threats that mobile payments
impose, but then companies while putting this idea into implementation have to primarily take care
of the security aspect of the mobile payments concept (Exhibit 4). As per the usage of mobile
payments, respondents have primarily (52%) used mobile payments for online bill payments
(Exhibit 5) while the retail usage is 30% which clearly suggests mobile payments still have a long
way to go in future. Along the lines of secondary research, I have utilized various publications from
ScienceDirect, IEEE and Journal of Innovation Management.

Benefits Of Using Mobile Phone
Payment solutions have changed drastically over time, going from bartering goods in ancient times,
using gold and silver, paying with cash and coins, using credit cards, and now mobile devices. There
are five main types of mobile payments: mobile at the point of sale, mobile as the point of sale,
mobile payment platform, direct mobile billing, and closed loop mobile payments (1). However, this
paper will focus on the three most familiar to college students and young adults.
First is mobile at the point of sale, which is also known as a mobile wallet. With this system, a user
adds money to their virtual wallet from their credit card and then taps their mobile device at the
point of sale using Near Field Communication (NFC) technology (1). ... Show more content on
Helpwriting.net ...
A popular example of the closed loop mobile payment system is the Starbucks Mobile App where
customers load the app with money and use it towards future purchases. The app can also keep track
of loyalty points and coupons (2).
Mobile payments are still relatively new. Bob Violini, the author of Payments on the Go, states
"fewer than 3% of merchants currently support NFC payments" on their point of sale systems, but
after companies are able to commit to hardware upgrades and data protection costs, Mobile Payment
technology will greatly increase in businesses around the world (5). According to Von Wallenstein of
Business NH Magazine, ApplePay, Google Wallet, Paypal, and Starbucks' App are seen as
convenient payment methods for consumers, but the benefit provided to the vendor is even greater
because time is saved at checkout time (6).
When using mobile devices as a form of payment, as stated before the merchant doesn't see the
actual credit card information of a consumer, but someone does; Visa and Mastercard are the main
companies that serve as middlemen between the consumer and the merchant when mobile payment
transactions are being made. One of mobile payment security's biggest concerns is who has access
to cardholder information, and how can the people responsible for protecting the information know
who else could possibly have access. There has been no evidence of

Mobile Payment Technology And The Consumer 's Decision...
Mobile payment technology offers benefits to consumers and merchants by providing advanced
payment control and convenience for consumers and an elevated output for merchants.
There are many merchants competing for a portion of the mobile payment, but the lack of
cooperation, standardization and lack of choices from the mobile industry has created the customer
confusion that is associated to the actual technological changes and the evolving mobile
competition.
Banks and Mobile technology companies are contending for a part of the portable payment, and they
face some challenges because of the lack of an agreement on the Mobile payment architecture.
There is customer demand for mobile and contactless payments, but some banks and Mobile
companies that want to decide the mobile architecture are affecting the consumer's decision process
.
Mobile payments standards like NFC are credited with incorporating the best of Mobile and
contactless payments which will increase the customer's savings. Retailers will benefit from the
price cutback in payment processing. Mobile carriers will also benefit from higher profits from new
Mobile consumers and retailers.
Introduction/Thesis
Mobile and contactless technology had a big support from Asian countries like Japan and the
Philippines, where mobile platforms were launched. In 2002, the European Telecom Standards
Institute issued the first guidelines, "Mobile Commerce (M–Comm); Requirements for Payment
Methods for Mobile Commerce".

A Future For Mobile Payments
Businesses see a future for mobile payments soon. More and more industries are being presented
with the profits of mobile payments and those industries are viewing them as opportunities in the
modern day world. The competition is on for who is the biggest and most bad. Now, the millennials
are the ones to decide that. "According to new surveys, 72 percent of business executives believe
that smartphone payments on a large scale, are inevitable and 58 percent of businesses have already
implemented a mobile payment system." (Big Think Editors, 2012) In late 2011, Google came up
with Google Wallet in business with Citibank and MasterCard. Google Wallet allows its users to
store payment information in the cloud and pay for things at industries ... Show more content on
Helpwriting.net ...
For the reason that consumers only need to carry a mobile device rather than multiple forms of
paper and plastic, mobile wallets will be considerably useful. Also, because they can track users'
shopping and purchases, mobile payment systems can offer advanced "personal shopper" services
such as endorsements and new deals based on one's location and past purchasing history.
"According to a recent Pew Research survey, nearly 66 percent of participants believe their
smartphones will replace traditional payment options like credit cards and cash by 2020."
(Gramigna, K. 2015). Therefore, a few people do believe that they will be using their phones instead
of cash. Cash may not disappear completely, but it will not be used as much. As claimed by those
that doubt cash will truly disappear, mobile payments will never replace cash. "Data from Intuit
shows that 55 percent of the nation's 27 million small businesses do not accept credit cards. Despite
study after study proving otherwise, many merchants believe it is too expensive to take credit. Given
this, the likelihood of those merchants adopting mobile payment technology in the near future seems
slim." (Quinn, M. 2014) It is too unlikely to expect cash payments to disappear completely.
Nowadays, pulling out your wallet for cash or using a credit card only takes a few seconds. Opening
a mobile wallet app, pulling up a QR code, or typing in a personal email

E Payment For Mobile Nfc And Apple Pay
E–Business & Technology
Research Report on
E–Payment For mobile NFC and Apple Pay
Submitted by,
Malay Khamar
Introduction
Imagine a world where a tap of your smart phone provides protected, keyless, and cardless access to
your home, car, hotel room, workplace even mass transit automatically paying and checking you in
as required. Or maybe you trend your mobile device at a product or an advertisement to access extra
information, read reviews, and compare prices with other contractors in your local area. How easy
would it be to fill an e–shopping cart at your region market using your smart phone, then tap your
phone to pay without ... Show more content on Helpwriting.net ...
It can add content and cleverness to regular objects, as well as generate an qualifying new world that
make simpler the way you manage your day–to–day activities in powerful and vital ways.
Paying in stores or within apps has never been easier. Gone are the days of searching for your
wallet. The wasted moments finding the right card. Now payments happen with a touch. Apple Pay
will change how you make purchases with advance contactless payment technology and unique
security features built right into the devices you have with you every day. So you can use your
iPhone, Apple Watch, or iPad to pay in a simple, secure, and private way.
Technology
Near field correspondence (NFC) will be a norms
‐based remote innovation that will be normally
executed as a chip in a portable telephone or other mobile gadget, or in a card. It empowers short–
‐
range correspondence between the NFC–
‐enabled gadget and another NFC gadget, peruse or tag for
the most part with just a wave or a tap of the gadget. As such, it can be utilized for an very nearly
boundless range of applications, including mobile payments. As a innovation, NFC follows its roots
back to work done by Sony and Phillips, which drove to an acknowledged ISO standard for NFC in
2003. It will

Mobile Payments Essay
Mobile payments in Asia Pacific i n f o r m at i o n , c o m m u n i c at i o n s & e nt e rta i n m e nt
Mobile payments in Asia Pacific Contents 2 Introduction from Sean Choi and David Collins
3 Introduction from John Ure and Peter Lovelock 4 Introduction 6 Business models and the m–
payments value chain – Business models behind different transaction types – Emerging business
models by country – Industry perspectives on m–payments 22 Case studies – Smart in the
Philippines – Yeepay's B2B approach – The growing reach of Octopus – Gaming and virtual money
– A view from the bottom of the pyramid – mHITs in Australia 29 Regulations and standards 40
Risks and ... Show more content on Helpwriting.net ...
The rapid changes taking place in emerging markets, combined with the fact that existing fixed line
networks are often underdeveloped, offer persuasive reasons to believe that systems will be
developed that can facilitate wealth creation and genuinely transform people's lives in the poorest
parts of the region. Ultimately, the evolution of mobile payments systems has the potential to allow
global organisations to access a far wider market, including people in previously hard–to–access
locations. The caveat is, of course, that issues of trust, security and affordability also need to be
overcome. This report explores the recent developments in the context of these significant
challenges. Mobile payments are necessitating new forms of interaction between telecoms
companies, financial institutions, software and content providers. As in any supply chain, it is
important to understand the processes and security capabilities of other parties in the relationship. It
is even more important when potentially sensitive or personal information is flowing between these
parties. Ultimately, the adoption of mobile payments will therefore depend on, and be driven by,
consumer confidence. In this respect, all of the participants within each respective business model
needs to share some responsibility for its successful adoption. seung Hwan (sean) choi Regional
Head Information, Communications Entertainment KPMG in Korea

Paytm Essay
Paytm
Paytm is an e–commerce shopping company. It was founded in 2010 by Mr. Sharma. There was no
company catering to the requirement of online Mobile home services recharging. Paytm
positioned itself right at this spot. Gradually, it kept on adding new services to its portfolio including
online payments for gas, electricity, Income Tax, Landline phones, etc. Finally, after tasting success
in online billing–payment business, it entered into the e–commerce business in 2014. It added the
bus ticket–booking business in 2015.
Today, it provides a full marketplace to the online customers. The company boasts of more than 80
million registered users. Estimates suggest that the company receives more than 60 million orders
per month. It is headquartered in Noida, India.
The central idea at the time of inception was –Pay through Mobile. One97 Communications is
the parent company.
Mission statement
Achieve 100 million users in India
Along with this, the company is ... Show more content on Helpwriting.net ...
The company earns revenues in the form on commissions on every transaction.
Strategy to face the Competition
The company is playing on the cards of Wallet service. They believe they have a substantial user
base and all they need to do is leverage that, by introducing more offerings. There are many
customers who use their services 4–5 times a month. Thus, their customer acquisition cost is
significantly low compared to other players.
Another key differentiating factor is the type of payment. Approximately 90% of all transactions are
prepaid, contrary to the industry norms where more than two–thirds of the transactions are cash–on–
delivery.
Also, they have brought in the Real Market–place feel. They have introduced PlusTxtmessenger
that helps the consumer to chat with the merchants. This gives the opportunity to bargain. It depends
on the merchant what type of bargain he wants to give. It can be anything ranging from price, free
shipping,

Technology Of Square By San Francisco California
Technology of Square
In San Francisco California 2009, Twitter co–founder Jack Dorsey and Jim McKelvey founded a
startup company called Square. The mainly purpose for the company is to make the whole process
of transaction become much more easier and faster for both sellers and buyers. Buyers no longer
need to worry about the situation that they just have credit card but seller only can accept cash. For
sellers, Square provide cohesive service for them to run their entire business. This company has both
software and hardware payment product that allows vendors to accept credit card which is a much
more convenient way for customer to pay in a transaction.
Magstripe reader(Swipe)
The name of Square can refer to Square's card reader that are white square in shape or it can refers
to the whole Square payment system. For hardware products, it has three different devices based on
different ways for customers to handle their credit cards, they can either swipe or plug the card in
Square. So for its original product, magstripe reader, buyers are able to use their cards to swipe
through square which is a small magnetic reader that plugs into the headphone jack of an iPhone.
Once a credit card or a debit card is swiped through the reader, it reads the data and converts it into
an audio signal. The microphone picks up the audio, sends it through the processors and then is
routed to Square's software application on the iPhone. From there the encrypted data is transmitted
using

Outline Of A Loan Company
Affirm
Loan
Loan service
Financing service
Finance company
Loan company
Affirm personal loans
Affirm financing
Affirm Review
Affirm allows you to make expensive purchases without having to save up, without needing a credit
card, and without getting a personal loan. The Affirm Company will set up a finance deal for you at
the point of sale. There are no hidden fees, and the terms are easy to understand, but they are not
very clear, which means you have to read the small print to understand. You may sign up for an
account either on their website or when you use them as a payment option with selected merchants.
Affirm only works with selected merchants, though that number will grow as the company grows.
H3 How Do They Explain Their Load/Finance Service?
They claim there are no gimmicks such as deferred interest and hidden fees, and they say that what
you see at the checkout is what you pay in total. They are simply offering another method of
payment and giving people another option when they are stood at the checkout or making their
purchase online.
H3 Pay For Items With Finance
Some stores and car dealerships will offer you some sort of finance deal that you may take, which
allows you to buy an expensive item without paying for it in full right away. The Affirm Company
are offering a similar deal, but they are offering it in stores and locations that do not offer finance
deals.
Affirm will set up the finance deal, and they will do it quickly. This means that when

Advantages And Disadvantages Of Online Payment Options
Payment Options
There are so many ways of paying for products and services by using the internet. Any method in
which would work better for you there is a suitable way of paying for the product online or there
will be soon. I examined some of the most popular online payment options and I chose the ones that
are used the most and can be more useful to consumers.
Examples of the most popular Payment Options online would be:
Credit cards are small plastic cards that you get from a bank allowing the holder to purchase goods
or services on credit. They are one of the most popular online payment methods as they are so easy
and convenient. Credit cards electronic nature allows customers and e–commerce stores to pay and
receive payment immediately. ... Show more content on Helpwriting.net ...
An advantage of PayPal is that your account is guaranteed safe against fraud. It also stops sites from
taking extra money from you which you don't know about for example you can be charged for
currency change but they didn't notify you so PayPal will stop that from been allowed. If you have
any problems with a website you used, PayPal can help you file a complaint against them within
thirty days after transaction. (Haley.A 2012)
The biggest disadvantage of PayPal is that it can freeze your account if they feel like you may have
committed fraud or violated a policy in which they have and you agreed to and they will not release
your account until the issue is resolved. (Haley.A. 2012) Another disadvantage they have is that to
pay using PayPal, you get moved onto a third party website and can't pay directly on the website in
which you are using and some people might not like that.
Google Wallet is top ranking on the top ten online payment methods according to Costill.A 2014.
Google Wallet is Google's version of PayPal; it is complete with money transfers and a Google
Wallet Card. For retail businesses, they will soon release a card to connect their users' accounts so it
can be done so much easier in the business place. (Costill.A.

Factors That Impact The Adoption Of Mobile Payment System
1. RESEARCH METHODOLOGY
3.1Research Design
Before assessing the research paper, the secondary data from previous researchers was used to
obtain the background and history of the research topic – Factors that impact the adoption of Mobile
Payment System. From assessing the previous articles on this topic it can be found that many
developing and developed countries had a study on the factors that impact the adoption of Mobile
Payment System, Kenya (Morawczynski, 2010), China (Zhao, Y Kurnia, S. 2014) and etc.
The quantitative research method is being used in this research study. Quantitative research methods
are a number of statistical and mathematical tools that can be used to capture and analyze
information on quantitative ... Show more content on Helpwriting.net ...
3.2 The Survey Instrument An eight–section self–administered questionnaire was developed
(Appendix B). The first section of the questionnaire was designed to collect the demographic (e.g.
gender, age group and education level) of respondents. The second section of the questionnaire
measures the convenience of mobile payment system which may influence the customer intention to
use mobile payment systems. It consists of 9 statements which address the convenience features of
mobile payment systems. Respondents are asked to rate the agreement on a 5 point Likert scale
ranging from (1) strongly disagree – (5) strongly agree. In the third section of the questionnaire
include a criterion statement pertaining to price of using mobile payment system which will
influence the customer intention to use mobile payment systems. It consists of 4 statements which
address the price features of mobile payment systems. Respondents are asked to rate the agreement
on a 5 point Likert scale ranging from (1) strongly disagree – (5) strongly agree. The fourth
section of the questionnaire measures the customer service of mobile payment systems which may
influence the consumer's intention to use mobile payment systems. It consists of 5 statements which
address the customer service features of mobile payment systems. Respondents are asked to rate the
agreement on a 5 point Likert scale ranging from (1) strongly disagree – (5)

Walmart's Supply Chain And Their Supplier Quality
Introduction Walmart is well known all over the over the United States. Almost every town traveled
through will have a Walmart. This store is known for their low prices and their ability have the
essential items that are needed on a daily basis. According to their website, Walmart employs 2.2
million people around the world, with 1.4 million coming from the U.S. alone. These employees are
operating in over 11,500 store in 28 different countries. In these stores more than 260 million people
will visit a store in their area in a week (walmart.com, n.d.). With this many customers coming into
the store customer service is essential. With customer service, feedback and response is a huge part
to help associates understand what they are doing right and what they are doing wrong. Then along
those lines we will discuss how Walmart manages their supply chain and their supplier quality.
Finally we will talk about Walmart's employee empowerment, training and teamwork.
Customer Service When a retail company as big a Walmart, those retailers are going to have some
flaws. The thing that sets companies apart is the fact of willing to try and fix those flaws. Walmart
had the case of customers complaining about customer service. Customers were unable to find
products that they wanted and that can lead to serious consequences (Lutz, 2013). Empty shelves
was a problem with a cut back in the workforce and without enough employees to keep up and keep
the shelves stocked. Customers were

Money Is A Huge Part Of Everyone 's Life
Money is a massive part of everyone's life. Without it, we couldn't get anywhere. That 's why we
have coins, dollars, and credit cards – a currency. The way we use money is simple – you provide
the right amount of money based on the cost or productivity of the product you are purchasing. But
there is a new way to actually make a transaction that is different than money. But there is a new
way on how you can actually transact that money. Now, with all things being simplified with
technology, there is a new way for everything... even for purchasing things. Digital wallets: the more
simple way to purchase anything, anytime. Digital wallets are a virtual storage system that contains
money. They hold users personal information including ... Show more content on Helpwriting.net ...
And with a click of your picture, you have successfully made a purchase without pulling out your
phone or wallet at the checkout desk. Square also offers a way to make an iPhone or iPad, work like
a terminal at a check out desk. If you want a modern lemonade stand, Square can make that
possible.
Apple Pay is a fast, easy, secure, and private way of purchasing things on the go. It 's available for
the new iPhone 6, 6 plus, and Apple Watch. It stores all of your payment information. It's
revolutionary to the simplicity of making purchases. With the convenience of Apples touch ID
feature, you know that your payments are safe and secure with a touch of a button. All you need to
do is hold your iPhone in front of the credit card terminal and use your thumb fingerprint to
authenticate the purchase. It offers you to pay from 220,000 stores and retailers right now. If your
iPhone gets stolen you can use Find My iPhone and suspend all of the payments from your phone,
so you don't have to cancel your credit card. Apple Pay also provides a private element, in which
Apple does not know what you bought or where you bought it, so you don't feel self–conscious
when paying through technology. If you are an Apple geek, you might not have to ever use your
wallet again.
But what if not every store has near field communication terminals?

Ingenico And Verifone Case Study
What lies in the future for Ingenico and Verifone with the rise of regional POS manufacturers and
mobile wallets? The market for payment processing terminals manufacturing and payment
processing has been globally duopolistic until recently. This was dominated by the two companies
established in 1980's, Verifone, based out of the US and Ingenico, based out of France. Traditionally,
the industry was marked by entry barriers in the form of high initial capital requirement, a high
research, development and innovation requirements and long gestation period required to obtain
certification in a country. These entry barriers helped Ingenico and Verifone to dominate the global
POS market. In addition, over the period these companies built a strong collaboration with payment
processing companies such as Visa and MasterCard for the development of new technologies and
eliminated potential competition through the acquisition of firms developing innovative technology.
Duopolistic ... Show more content on Helpwriting.net ...
Ingenico and Verifone will lose a part of their market share to their direct competitors and also to
other companies offering complementary products. However, they can control the erosion of their
market share and restrict it to a limit. Their ability to control the erosion of their market share
depends upon their right decisions regarding investment in new technology or acquisitions to help to
attract new customers for use of their

Mercury Swot Analysis
MercuryPay Transaction Fee: Yes, undisclosed Swiped: Keyed: E–Commerce/Online Payments: No
POS Payments: Yes, undisclosed Swiped: Keyed: Mobile/Wireless Payments: Yes, undisclosed
Swiped: Keyed: Mobile App Ratings: Google Play Store: NAApple App Store: NA Time in
Business: 2001 BBB: Accredited, A+, http://www.bbb.org/new–mexico–southwest–
colorado/business–reviews/credit–card–processing–service/mercury–in–durango–co–99122856
Introduction Mercury was founded in 2001 and is headquartered out of Durango, Colorado.
Previously Mercury was a reseller for Global Payments, but the company was taken over by Vantiv
in 2014 and is now an exclusive reseller for that processor. Mercury has approximately 500 ... Show
more content on Helpwriting.net ...
They have 58 complaints within the last three years and 31 complaints within the last 12 months.
Almost all of those complaints are comprised of billing and collection issues, which seems to
indicate that they might be due to their resellers not properly disclosing the company's terms of
service. Additionally, a majority of those complaints might be due to the fact that many of their fees
are scattered among the fine print in their contract. Therefore, if the sales agent does not point them
out, any merchant who doesn't take the time to thoroughly read the contract would probably assume

The Evolution Of Mobile Payment Essay
Introduction
Although SmoothPay has grown successfully as a business over a short period of time, many
significant challenges have arisen and must be considered in their next strategic decisions to achieve
a sustainable and long term growth. Despite SmoothPay offering a unique product that allows their
users to make mobile payments, the majority of consumers prefer to do cash or credit card
transactions. Because SmoothPay is currently a small business, their brand has not yet been fully
recognized or established in their target market. As SmoothPay's rivals continue to increase, the
concept of using mobile payments in Canada continues to be slow.
Evolution of Mobile Payment
In January 2014, SmoothPay was first launched in Toronto, Ontario offering mobile payments with
integrated functions such as customizable loyalty programs and solutions. In addition, this
company's network has reached over 5,000 users and 100 merchants in their well connected
partnerships and community in less than two years. Despite this achievement, only a low percentage
of consumers are using their smartphones to make their daily purchases across Canada creating
difficulty in further promoting SmoothPay's business. However, SmoothPay has focused in highly
populated areas, such as universities. Therefore, this strategic decision has increased some brand
awareness. Since this product lets consumers to easily connect with their payment accounts, such as
Visa, MasterCard, and PayPal, many have

Consumer Acceptance Of Mobile Payments Essay
Consumer acceptance of mobile payments – A system dynamics approach 1. Introduction With the
rapid growth of the mobile handset market and market penetration of mobile internet, the mobile
payment industry has started to take off. While there are lots of established players in the online
payments arena, the mobile payments sector is ripe for disruption both by industry leaders and
newcomers. Mobile payments have been suggested as a solution to facilitate micropayments in
electronic and mobile commerce, and to provide an alternative for the diminishing use of cash at
point of sale (POS) (Menke and de Lussanet, 2006; Ondrus and Pigneur, 2006) With markets like
Kenya clearly shaping the future of mobile payments, most of the world is lagging behind in the
adoption of the new technology. Consumer acceptance of such new technologies, irrespective of
their potential, plays the biggest role in their adoption. A 2007 survey suggests that consumer
acceptance is the biggest hurdle for adoption of mobile payments by companies (Edgar Dunn and
Company, 2007). There are a number of different models to study consumer acceptance of new
technologies and study consumer behaviour. The Diffusion of Innovations theory (Rogers 1962),
Technology acceptance model (TAM) and Unified Theory of Acceptance and Use of Technology
(UTAUT) (Venkatesh 2000, 2003) provide certain metrics to study the consumer acceptance of a
new technology. In addition to consumer acceptance, the behavioural intentions of

The Benefits Of Mobile Payment
Though issues like Never thought about it can be addressed by awareness and marketing the
benefits of mobile payment, the others need to be worked out with better solutions and
implementations. Though Apple Pay has sort of revamped the mobile payment sector, it isn't the first
and only mobile payment option out there. Google Wallet and Paypal, the old contenders, are still
going strong and are very much in the game. The competition is tough and add to that the fact that at
least 37% of the populace still think cash and card transactions are much easier to deal with. To win
their vote, it's going to have to get real easy and a one click checkout mobile payment option is as
easy as it can ever get.
By looking at the growth of PayPal's ... Show more content on Helpwriting.net ...
Earning loyalty rewards (optional; does not happen for all shoppers)
Checking–out in physical stores, the process used to (and sometimes still does!) take up to 10
minutes! Imagine a shopper looking for a coupon code to get a discount on the product they are
about to buy. The code can be either in the form of a printed document (an ad, email, or website) or
a coupon saved digitally in the user's digital wallet or app or even within the website they were
browsing and logged–in to save the coupon). The product would then be scanned –– by the cashier
or shopper – to get the price. The shopper would then pay using the payment method of their
choosing. If shopper is a member of a loyalty program, points would be added to their account. If
shopper is not a member, the cashier often asks if they would like to join (by filling out a form, etc);
this takes up additional time, which is an inconvenience for the shopper (and shoppers standing
behind in –line.)
Now, imagine a customer interaction that involves beacon integration with a mobile wallet app, in
effect mimicking an in–app payment but it takes place in the physical store. This way, the user
interaction is something like, Do you want 10% off that product? Click here and it will be charged
to the default card in your digital wallet. No need to stand in a line to checkout.
The following section presents some of examples of commercial pilots and deployments that use
BLE to either trigger

Advantages And Disadvantages Of Payage In Online Casinos
Skrill casino
Skrill payment provider formerly known as Moneybookers has been on the market for the last 15
years. This UK based payment provider is registered with Her Majesty's Revenue and Customs and
has a proven track record over the years. Many casino players have learned to appreciate this service
for the easy and speed of payments with no extra fees and additional data protection.
Read our full review to find out what advantages you have when paying via Skrill in online casinos
and in which casinos you can pay with Skrill right now
Advantages of paying with Skrill in online casinos
Let's start with a few facts – Skrill service is at the moment available in over 200 countries with
more than 40 different currencies being offered to the customers. ... Show more content on
Helpwriting.net ...
If you like to pay quickly and easily with just a single touch on your mobile or tablet, then Skrill is
definitely for you. This payment provider gives you an opportunity to play with your Skrill balance
and get special betting, casino and poker promotions. If you at online casinos a lot, then you can
also sign up for the Skrill VIP programme to get lower fees, 24/7 support and different extra
benefits.
Let's not forget that Skrill keeps you card details private and you get instant deposits with not extra
charges that you would normally get when paying in an online casino with your credit or debit card.
No need to wait hours before you can play your favourite slot game or Roulette, the payments are
instant! This is especially important when you wish to take part in certain promotions and
tournament when there is no time to waste at all.
How to open a Skrill

The Viable Alternative of Mobile Payments
Question #1 Mobile payments allow certain freedoms that previous technologies could not
accomplish. Laudon Travor (2011) discussed how digital information security is extremely
important in providing a market where certain levels of expectations may be met. Stakeholders
within the payment systems must be reassured that a fair and honest transaction can be reasonably
executed. In my home country of Nigeria, it is understood that this market is well established and is
thriving. The purpose of this essay is to demonstrate that mobile payments is a viable alternative for
my groups proposed business site. Nigeria is a third world nation that has struggled socially,
economically and intellectually over the period of its existence. New markets however have begun
to emerge and Nigeria, perhaps due to long periods of conflict and stunted economic growth, has
shown leadership and vision in new business ideas early in this twenty first century. Some believe
that this is key to Africa becoming integrated to the West. Eze (2012) recently suggested that This
has all the while appeared as another huge potential sector in Nigeria especially and the rest of
Africa. If the mobile money experiments go on smoothly, the way payments and purchases of items
and services are made will change. Along with other emerging countries within this geographic
region such as Kenya and Ghana, have played key roles in issuing mobile money licenses and web
payments on e–commerce sites. Coker

The Social Corporate Responsibility Of The Brand
Background Information
During the last decade, Apple Inc. has changed the rules of the electronic portable devices and
computers and has developed a new way of living by merging our daily needs with their devices
through an amazing sort of products, which mix design and functionality (Heracleous, 2013).
The company Apple Inc. wants to go one step ahead and has developed a new payment service that
allows the customers to make their payments through an iPhone, iPad or the new device Apple
Watch without an intermediary. They use the wireless connection NFC (Near Field Communication)
that with a single–touch permits the consumers to realize all their payments in a fast and secure
way (Mallat, 2007).
The social corporate responsibility of ... Show more content on Helpwriting.net ...
There had been a lot of improvements in the field of payments at stores and through Internet. New
innovative systems have achieved a high level of use and they have become very helpful for
consumers in their daily lives. Appendix 1 outlines the framework of factors impacting the mobile
payment services market (Dahlberg et al., 2008).
Each time more, cash payments have decreased and consequently, the rise of Pay Pal company
which is offering a secure and fast way of paying online has produced a new situation for this
market where Apple Pay has started. Appendix 2 outlines a visual timeline of m–payment
technology evolution and the related technology innovations (Lui et al., 2015).
Since the beginning of the smartphones era, they have been increasing their presence in our lives
each time more becoming a special form of electronic payment (Gerhardt et al., 2010).
There are external issues, which could affect the process. Appendix 3 outlines the details of PESTLE
analysing.
Competitive overview
Apple Pay has different competitors in the field of their activity. Google Wallet is their direct rival in
the mobile wallet services. Pay Pal is the company that has increased more since their start and other
companies like ISIS, Pay Diant's Wallet or Square Wallet are also present in the market.
Another competitors more known are the credit cards that will fight against Apple Pay for being the
most used way of paying in stores in the following years. VISA, Master Card

Mobile Payment Technologies By Robert Warner
Mobile Payment Technologies Robert Warner ISM3011 Florida Atlantic University April 9, 2016
The advent of the internet–connected smartphone has opened up a whole new world for the
consuming public as they now have access to the world of ecommerce in the palms of their hands.
As more personal data became transferred to these mini computers, the competing interests of more
intrusive applications continue to clash with the need for greater security and data integrity. One of
these areas of conflict has been in the field of mobile payments where there has been the desire to
use the personal financial information stored on a smartphone to conduct business transactions in a
convenient yet secure manner. Recently, technological advancements ... Show more content on
Helpwriting.net ...
NFC devices can simultaneously support the following three modes of operation. Reader/writer
mode which allows the NFC device to read and/or write passive NFC tags and stickers P2P mode
which allows the NFC device to send and receive data to and from other NFC peers which has been
used for several years as the Android Beam file transfer feature Card emulation mode allows the
NFC device to act as an NFC card. This can now be accessed by an external NFC reader such as an
NFC–enabled point of sale terminal. Magnetic secure transmission employs the technology of
electromagnetism to transmit payment card data to payment terminals that are equipped with
traditional magnetic stripe readers. This essentially turns every traditional point of sale terminal
that's used for swipe card transactions into a potential contactless payment system without the need
to modify or upgrade the hardware. The MST technology was developed by LoopPay, a small
development company that was acquired by Samsung in February 2015 and is the driver behind
Samsung Pay. Electricity is passed through a small metal coil inside the smartphone which generates
a magnetic field that can now communicate with standard magnetic payment card readers. The
phone can now emulate the physical process of swiping a card through the point of sale terminal
allowing for the same familiar transaction process without the need to produce and swipe the actual
card. The

Paypal Pay Systems : An Overview : How It Works
How it Works
PayPal accounts are established by creating a user with an e–mail address, and providing payment
funding information. This may include the user's bank account information or their credit/debit card.
Funding information need only be entered into PayPal once. When making future purchases from
online sites, merchant stores, or to a person, the user need only login to their PayPal account to
authorize the transaction with a password. Thus, eliminating the need to re–enter their payment
information for every purchase.
PayPal account users can pay by means of entering credentials online, providing their telephone
number and password at a merchant's terminal, or by using their plastic card and PIN linked to their
PayPal account. ... Show more content on Helpwriting.net ...
In either case, the user has the ability to choose more funding options when making a payment
online allowing the user to select between multiple funding sources.
Potential Risks to Using this Payment Method
Since many PayPal account usernames are often an individual's e–mail address or telephone
number, this exposes exactly half of the user's secure authentication process to potential fraudsters.
Consider the gamer, purchasing a download in the presence of his/her friends. The projector screen
has the purchase's username displayed on the wall for all present to see. Does the user ask those
present to not look while entering his/her password?
With various ways to fund the account, where does the liability stand for unauthorized transactions?
While governed by Regulation E, many financial institutions also have internal bank/credit union
policies stating that unless otherwise notified, all PIN based transaction are considered authorized.
Should a PayPal password at the merchant's register be considered a PIN entered, when they
provide their phone number for a purchase which is linked to their MICR information? What
regulations would this dispute be subject to?
There is also the risk of PayPal falling victim to a data breach. A risk that would expose (as of 2017)
more than 210 million active accounts.

Mobile Payments
Mobile Transactions and Payment Processing Ashok Goudar Senior Enterprise Architect White
Paper Contents Introduction Mobile Commerce – Business Context Mobile Commerce Strategy
Mobile Channel Strategy Mobile Marketing Mobile Sales Mobile Service Mobile Payment Mobile
Wallets Mobile Commerce Transaction Mobile Banking and Mobile Money Mobile Commerce
Transformation Roadmap Mobile Commerce – Payment Business Scenarios Card based Mobile
User to Business – Payments (CM2B) Mobile – Wallet – User to Business – Payments (M2B)
Mobile – Wallet Mobile Users to Mobile User – Payments (M2M) – Remittance Services Mobile –
Wallet CrossBorderM2M Mobile – Wallet Cross Border M2Account. Mobile Commerce – Payment
Processing Models Card based ... Show more content on Helpwriting.net ...
Keeping with the growth in the mobile communication technology, the software vendors, service
providers and industry forums, have been offering newer and enhanced mobile operating systems
(Windows mobile 7.0, Android OS, Symbian, Blackberry OS, Apple IOs4 etc), APIs (J2ME,
Window 7 mobile SDK, Android SDK etc), development tools (along with emulators) and
technology standards for mobile computing, making it possible to develop and host a variety of
mobile transaction processing solutions for mobile commerce. In this context, this paper further
discusses solution architecture of a target mobile transaction and payment processing framework for
mobile commerce transaction processing. The paper also briefly touches upon various mobile
commerce business models and solution architecture for business scenarios (conducted on different
mobile communication technologies), that are addressed by the target mobile transaction and
payment processing solution framework. 4 I Mobile Transactions and Payment Processing I White
Paper Mobile Commerce – Business Context Mobile commerce is not only an extension of an
eCommerce business model but also an

Money Is The Main Way We Measure The Value Of A Company Or...
Money is the main way we measure the value of a company or item. Most people pay for an item
with either a credit or debit card; a smaller portion or the population uses cash to pay for purchases.
A third option developing and gaining momentum. The development of Google Wallet and Apple
Pay has allowed people to begin paying for in store purchases with their smartphones. These
payments are known as NFC (Near Field Communication) transactions.
NFC payments work by storing your credit, debit, and banking information with the source
company. The information is stored securely in Cloud by these companies. This information is
associated with your Apple Pay or Google Wallet account. You can log in to a device and use you
phone to pay for purchases. The retailer you are purchasing from must have an appropriate reader.
You must first be in the payment app on your phone. Your phone is placed close to or on the reader
and you must either scan your finger or enter a password for the payment to go through. The
payment must then be approved by a chip called a secure element, which sends approval after the
payment is authorized, completing the transaction. NFC transactions are becoming a very secure and
quick way to pay for purchases. These purchases are becoming more normal in stores, on vending
machines, and in busy metropolitan areas.
The one major difference between Apple Pay and Google Wallet is how the fees are billed to a
merchant. Apple has convinced credit issuers to treat

Mobile Payment Application For South Korea 's Largest...
I'm start off by telling you about an entrepreneur who made this mobile payment application
possible for others to use. Lee Byung–chul, the founder of Samsung Electronics is responsible for
South Korea's largest business corporation. Recently his company has came up with a new cutting
edge feature that is created for android phones. The technology is very innovative and creative
mobile application that will change how people purchase items in the future.The mobile application
is called Samsung Pay.
Samsung Pay is a versatile installment framework that can be utilized to buy things in verging on
each store. This portable application is right now open in South Korea and the US. Be that as it may,
later on it will soon be accessible in the UK, Spain and China, although no definite course of events
is reachable for those nations right now. Australia will be getting the administration some time in
2016. Samsung Pay exclusively runs through four android cell phones which are all operated by
Samsung Electronics. The Gear S2 smartwatch at whatever point the item gets discharged will be
accessible, however just for transactions on NFC terminals.
In order for this mobile payment application to work on your phone, you'll need to be a phone
carrier that is useable in the United States. The mobile payment system requires a credit or debit
card issued by a US Bank. American Express is likewise upheld. There is no present data for
Australia about which carriers Samsung Pay will be

Innovation of Mobile Phone Payments
Innovation is a more effective and efficient way of performing tasks. It is not an invention but rather,
using a current model and simplifying it to enhance the overall experience of its users. Furthermore,
it can eliminate existing problems issues that the users are facing. As there are more than 6 billion
mobile subscriptions worldwide, countries all around the world are embracing mobile phone
payments. While developed countries are embracing this new technology, as mobile coverage and
connectivity rate is high, developed countries are also adopting the practice, as it does not only rely
on Internet access.
This essay will look at various methods of mobile phone payments and it's impact on both
individuals and the society.
Mobile phone payments allow consumers to pay for a wide range of goods and services using
phones instead of cash, credit/debit cards and cheques. One of the models for payment is by using
Short Message Service (SMS) or Unstructured Supplementary Service Data (USSD). Consumers
can send payment requests via text messages that will be charged to their phone bill or online wallet.
This mode of payment does not require Internet access, which allows developing nations with
poorer population and inferior facilities to participate. An example would be the Nigerian mobile
pay service, Paga. Users are simply required to enter their identification number as well as the
amount necessary.
Another mode of payment is the Mobile Web Payment where users access to a

Factors That Influence The Development Of Mobile Payments
More and more people before deciding to purchase goods used to check offers via smartphones or
tablets. The world 's total number of sales of such devices exceeded the number of desktops.[1]
Technological development and high availability of new solutions contributed to the increase in
customer expectations to its relations with the bank. The ability to use the money anywhere, anytime
in an easy and convenient way for customers has become natural. Mobile payments is big
innovation which has some a lot of good coins but it has some threats and limitations about which I
will consider and analyze in my literature review.
[1] http://fortune.com/2010/08/11/the–numbers–dont–lie–mobile–devices–overtaking–pcs/
Introduction:
The aim of the study is to evaluate the factors that influence the development of mobile payments,
their strengths and barriers to development. I will present several key factors such as the impact on
the environment and culture mobile payment changing environment, business or rapidly progressive
changes in technology and relevant regulations and quite often set of new standards. I will discuss
technical aspects such as safety and confidence in mobile payments, which is still not too high. So in
the beginning it should be clarified what mobile payments are. Mobile payments also called m–
payments are non–cash payments made by mobile device like smartphone or tablet and use mobile
technologies such as. SMS, NFC, USSD, WAP. If we want to use mobile payments we

Case Analysis : Platform Envelopment
1. Platforms providers being surrounded (enveloped) by multiple competing providers, who with its
cost advantage or bundling strategy can swallow entire market share. This phenomenon is called
Platform Envelopment. This strategy is majorly harmful to the standalone platforms and can cause
a provider to exit the market too. For instance, RealNetworks had a business model where it charged
for its supplier side of the streaming server and subsidized on the consumer side by providing free
music. This Real model faced platform envelopment by Microsoft. Microsoft provided the content
companies with a multipurpose server – incorporating file, print, email, web servers and a free
streaming server. Due to this bundling, the companies preferred Windows NT to the Real server. For
a well established firm to overcome platform envelopment, it needs to defend by one of the
following strategy: a. It could revamp its business model, by changing the money side and
subsidized side or by offering a system integrator rather than a standalone service. b. It could form
an alliance with the complementary services and then use a bundling strategy to form an attractive
package. c. It could file anti–trust legal action against the predator firm. 2. At a launch stage, a firm
needs to strategies in order to prevail in the competitive market. The major drivers of the market are
the users, who actually decide which technology to adapt to, and depending on their usage the
success of a product launch

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