Mobile Payment: phone or credit card?
Telephone companies around the world have become part of the credit system and have made mobile phones an effective means of payment, transforming the phone into a credit card that offers a safe and fast world of ‘e-banking.
Even in Italy, for several months, you can make payments directly from your phone, using it as an electronic wallet, because thanks to the ‘evolution of the SIM card (with excellent storage capacity) can now perform all the operations, an accessible only by computer time. Each holder of an account will enable payment services on mobile phones at your bank (if equipped with this service), combining their mobile number to a credit card or a prepaid card.
The SIM card chips are having the digital versions of their credit cards, as well as the authorization of payments, sending an SMS (via secure channels), can be accessed from web pages of the phone, a wallet containing the full range of their credit cards.
Obviously, to protect the security of transactions, as with all operations telematics, you must enter the personal codes, pins and passwords generated with the token use it, by typing on mobile phones.
Moreover, as already happens for normal credit cards, the customer will receive SMS with all the information on transactions carried out, the balance of his cards, etc..
The technology applied to payment systems via mobile phone is constantly strides and NFC (Near Field Communication) is a further demonstration of this progress, with this system you can simply pay via mobile phone near a receiver, this technology works at high frequency and is based on wireless communication (wireless), between the phone and the reader of the NFC device, enabling secure data exchange.
The experiments on the NFC technology that allows you to use your mobile to pay for transport, tolls, etc.. are already well advanced and the benefits listed in the Mobile Payment is added to the phone instrument that is used as a real credit card (without having to crawl like a card without signing a receipt) can simply bring the phone the POS, the turnstiles parking, entrances to public transport, cinemas, sports events and music etc.. to pay in full freedom with the phone and immediately climb the debt from personal credit.
The phone is the technological tool most widely used and versatile that lets you communicate, surf, work, contain entertaining features (photos, video, MP3, etc.). From now on also offers the opportunity to get rid of wasted time for payments subsidies, taxes and bills, the evolution of this instrument could lead to not need even a bank account and therefore could lead to lower costs to zero, greatly influencing the banks so far have always treated both the ‘ hardware and software of various payment systems.