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| Business of Information Technology > Business Processes > eCommerce > mCommerce > |
Mobile Payments
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ALSO CALLED: Micropayments, Wireless Payments, mPayments, Proximity Payments, and m-Payments
DEFINITION: M-payment (mobile payment) is a point-of-sale payment made through a mobile device, such as a cellular telephone, a smartphone, or a personal digital assistant (PDA). Using m-payment, a person with a wireless device could pay for items in a store or
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Definition continues below.
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MOBILE PAYMENTS DEFINITION (continued): … settle a restaurant bill without interacting with any staff member. So, for example, if a restaurant patron wanted to pay quickly and leave the restaurant on time to get to an appointment, the bill could be paid directly from the table - without waiting for a server to bring the check. The patron would simply connect to the cash register with a wireless device, punch in the table number and bank personal identification number ( PIN), and authorize payment. According to Orange Mobile … Mobile Payments definition sponsored by SearchMobileComputing.com, powered by WhatIs.com an online computer dictionary
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