¶ … multi-channel (USSD, NFC,2d Barcode RFID,,WAP) enabled Mobile Payment System with multiple payment gateway integration (online).
In this project, I present a product extension -- an extension on the existing mobile payment technologies and modules through the incorporation of a multi-channel (USSD, NFC,2D Barcode RFID, WAP) enabled Mobile Payment System with multiple payment gateway integration (online).Corporate Social Responsibility emerged as a key component of such project.
A recent PEW study, close to more than 85% of the American adults own a cell phone (Zickuhr,2011).This kind f statistics means that mobile payment techniques are at the verge of revolutionizing global and local commerce in all sectors of life. In this project, I present a product extension -- an extension on the existing mobile payment technologies and modules through the incorporation of a multi-channel (USSD, NFC,2D Barcode RFID, WAP) enabled Mobile Payment System with multiple payment gateway integration (online).
Background
This innovation is informed by the very fact that almost on a daily basis, a brand new mobile payment venture is introduced which makes it easier for millions of consumers as wel as businesses to employ mobile phone technology in enabling as well as enhancing the processing of millions of dollars (Contini et al.,2011,p.4). The initial focus was more on the process sof enabling mobile device applications to be used as browsers for accessing the already existing internet-based payment as well as banking and retail systems. However, more recently, there has been a need for the use of application-enabled mobile phone applications as a suitable payment form factor that can substitute cash, check, as well debit and credit cards. The main aim is to create a virtual super wallet that is connected to your banks and other online payment gateways and payment processors. Several financial institutions have already tested these capabilities. These...
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