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Mobile Credit Card Processing

Mobile Credit Card Processing. Team 13 Prathibha and Shrimi 11/12/13. Relevance to our Course. Motivation Increasing number of smart phone users Anytime-Anywhere Transaction Cost-effective. Transaction Processing - Chapter 21 Trends. What is Mobile Transaction Processing?.

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Mobile Credit Card Processing

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  1. Mobile Credit Card Processing Team 13 Prathibha and Shrimi 11/12/13

  2. Relevance to our Course Motivation • Increasing number of smart phone users • Anytime-Anywhere Transaction • Cost-effective • Transaction Processing - Chapter 21 • Trends

  3. What is Mobile Transaction Processing? • The process of accepting credit card payment with your smart phone or tablet. Necessities • Smart phone or a tablet • Credit card reader device • Service appropriate for your business

  4. Challenges Solutions Transaction Security Device Security Application Security Use of strong encryption protocols Strong authentication PCI DSS Compliant

  5. Service Providers Companies who offer Mobile Credit Card Processing Solutions include Flagship ROAMpay, Credit Card Processing.com Intuit Go-Payment, Square, Pay Anywhere etc. • Features • Virtual Terminal • On-line Transaction Manager • Email Receipts • In-app Transaction Manager • Tip • Tax • Save Customer Info • GPS Location Reporting • Manage Cash Transactions • Void • Capture Signature • Refund/Credit

  6. Financial Comparison

  7. Future Direction • Summary • Minimize the cost of conducting transactions for small and medium merchants • Easy access to payment Near Field Communications • Allows data to be exchanged between devices via short range, high frequency wireless communication technology by combining the interface of a smartcard and reader into a single device.

  8. References • http://credit-card-processing-review.toptenreviews.com/mobile-credit-card-processing/?cmpid=ttr-bnd • http://www.slideshare.net/EMSplus/ultimate-guide-to-mobile-credit-card-processing • http://www.businessnewsdaily.com/5377-how-to-accept-mobile-credit-card-payments.html • http://www.sacbee.com/2013/11/04/5880523/16-percent-of-small-businesses.html • http://chargify.com/blog/how-to-choose-the-best-smartphone-credit-card-reader-for-your-business/ • http://www.computerweekly.com/news/2240150898/Mobile-payments-transactions-set-to-soar • http://www.internetretailer.com/2013/01/16/m-commerce-sales-smartphones-hit-8-billion-2012

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