Mobile Payment Methods (Cont.)

Macropayment:
  1. A mobile user submits his/her credit-card or personal information to the mobile content via a handheld device.

  2. A third-party processor verifies and authorizes the transaction.

  3. The third-party processor routes verification and authorization requests to the card issuing bank or mobile carrier.

  4. The user pays his/her monthly credit-card or phone bill.

  5. The bank pays the mobile content provider or the mobile carrier pays the mobile content provider directly or through a bank after deducting a transaction fee.
Micropayment:


Review: Mobile Payments
    Which party is usually NOT directly involved in the micropayments?

      Bank
      Local area netowrks (LAN)
      Mobile telecommunication carrier
      Third-party processor
Result:        




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