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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 settle a restaurant bill without interacting with any staff member. So, for example, if a restaurant
Definition continues below.
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| Recent Vendor Reports on Mobile Payments |
Valista PaymentsPlus
sponsored by Valista
DATA SHEET: Posted: 09 May 2004 | Published: 01 May 2004
SUMMARY:Valista PaymentsPlus is a carriergrade premium services platform that allows enterprises such as mobile operators, ISPs, fixed line telcos, and financial institutions to build a profitable end-to-end business around selling premium services. 
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Valista PaymentsPlus: the Premier Payments Platform for Premium Services
sponsored by Valista
BROCHURE: Posted: 09 May 2004 | Published: 01 May 2004
SUMMARY:Valista PaymentsPlus is a carrier-grade premium services solution platform that allows enterprises such as mobile operators, ISPs, fixed line telcos, and financial institutions, to easily build a profitable business around sell premium services. 
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MOBILE PAYMENTS DEFINITION (continued):
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 Payment (a Danish company), the entire transaction should take no more than 10 seconds. The earliest m-payment trials were based on the wide area network (WAN) used for cellular phones.
Mobile Payments definition sponsored by SearchMobileComputing.com, powered by WhatIs.com an online computer dictionary
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