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: