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How do mobile payments work
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By http://judopay.com | http://hub.judopay.com
When you make a purchase online, as an end consumer you see the transaction fail or pass. But behind the scenes is a detailed process flow taking place to ensure your information is securely passed to the relevant parties in order to assess your purchase.
In this video Dennis Jones, CEO of judo, explains the players involved in mobile payments. He uses a customer transaction and walks you through all the possible scenarios.
If you are a business looking to integrate mobile payments or you are simply interested in this industry, this video will help you understand payments and the pricing models by businesses.
About: Judo Payments is Europe’s only mobile first card payments company for apps and mobile web. Take payments on any mobile device in a fast, secure and simple way and create a successful mobile story.
Mobile Payment: China leads the way
Cash is said to be disappearing in China as mobile payments are taking over. Every aspect of Chinese life can now be managed via your smart phones, paying bills, accessing public transport services or visiting the cinema, and much more. In addition, mobile payment has brought a new lease of life to a particular segment of society; the visually impaired. Yet, a question mark lingers over the security of accounts and personal information.
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Top 3 Mobile Payment Advantages
In recent years, mobile payments have grown in popularity, and you may be wondering if it’s time for your business to accept mobile payments.
A mobile payment solution usually consists of a smart device, like a phone or tablet, and a mobile app. The mobile app connects you to a payment gateway so your customers can pay on location. You can also add a card reader, which lets you swipe the card instead of manually typing the credit card information into your mobile device.
Here are the top three advantages to using mobile payments.
1. Convenience. Mobile payments are convenient. They require only a charged device with a WiFi connection or cell signal, allowing you to accept payments on location—from tradeshows and industry events to craft shows and customers’ homes. You can engage potential customers with your phone or tablet in hand, ready to accept payments in an instant. And when payment options are convenient, customers have a better experience and are more likely to buy.
2. Security. Mobile payments are secure. A mobile payment app worth its salt will use endtoend encryption and tokenization to protect customer data, and will be just as secure as transactions run from your office or pointofsale terminal.
3. Cost. It doesn’t cost much to accept mobile payments. If you’re a small business, all you need is a mobile device, mobile app, and merchant account with a payment processor. Card readers aren’t necessary to accept mobile payments, so once you have your merchant account, you can simply download the app and go.
Mobile payments are convenient, secure, and lowcost. We hope this video helps you decide if mobile payments are right for your business. Visit our website at https://www.centurybizsolutions.net/ to learn more.
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China’s Mega Projects: Transportation
Along with the rapid growth of China has come one of the most developed transport networks in the world. Check out this episode of the documentary series, China’s Mega Projects, to find out more.
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