Wi-Fi and 5G 183
is taken from the wallet. The payment for a very small maximum sum
can be assimilated to this first axis. The second case requires more
security, because payment is taken directly from the user’s account,
with the sums involved generally being much higher.
There are four possible models of mobile payment:
– Operator-Centric Model: the mobile operator alone deploys the
mobile payment services. To do so, it needs to provide a mobile wallet
that is independent of the user’s account. This scenario is pretty rare,
because the operators are not linked to the major international
payment networks. The mobile network operator must manage the
interface with the bank network in order to be able to provide
advanced mobile payment services. Pilots using this model have been
launched in developing countries, but they offer only very partial
coverage of the numerous use cases of mobile payment services. In
general, the payments are limited to transfers or to modest sums;
– Bank-Centric Model: the bank runs mobile-payment applications
associated with client machines, and asks retailers to have the
necessary equipment to effect the sales. The mobile network operators
are responsible for the transport network, with the quality of service
and the security needed for the payment functions;
– Collaboration Model: this model involves a collaboration
between the banks, the mobile operators and a trusted third party;
– Peer-to-Peer Model: the mobile payment service provider acts
independently of the financial institutions and of the mobile network
operators.
Google, PayPal, GlobalPay and GoPago use a Cloud-based
approach to make mobile payments. This approach places the mobile
payment provider at the heart of the operation, which involves two
distinct steps. First of all, a payment method associated with the Cloud
is selected, and the payment is authorized via NFC. At this step, the
payment provider automatically covers the cost of the purchase. In the
second step, another transaction is necessary: the user’s bank must
reimburse the payment provider for that payment and any fees
associated therewith.
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is taken from the wallet. The payment for a very small maximum sum
can be assimilated to this first axis. The second case requires more
security, because payment is taken directly from the user’s account,
with the sums involved generally being much higher.
There are four possible models of mobile payment:
– Operator-Centric Model: the mobile operator alone deploys the
mobile payment services. To do so, it needs to provide a mobile wallet
that is independent of the user’s account. This scenario is pretty rare,
because the operators are not linked to the major international
payment networks. The mobile network operator must manage the
interface with the bank network in order to be able to provide
advanced mobile payment services. Pilots using this model have been
launched in developing countries, but they offer only very partial
coverage of the numerous use cases of mobile payment services. In
general, the payments are limited to transfers or to modest sums;
– Bank-Centric Model: the bank runs mobile-payment applications
associated with client machines, and asks retailers to have the
necessary equipment to effect the sales. The mobile network operators
are responsible for the transport network, with the quality of service
and the security needed for the payment functions;
– Collaboration Model: this model involves a collaboration
between the banks, the mobile operators and a trusted third party;
– Peer-to-Peer Model: the mobile payment service provider acts
independently of the financial institutions and of the mobile network
operators.
Google, PayPal, GlobalPay and GoPago use a Cloud-based
approach to make mobile payments. This approach places the mobile
payment provider at the heart of the operation, which involves two
distinct steps. First of all, a payment method associated with the Cloud
is selected, and the payment is authorized via NFC. At this step, the
payment provider automatically covers the cost of the purchase. In the
second step, another transaction is necessary: the user’s bank must
reimburse the payment provider for that payment and any fees
associated therewith.
www.it-ebooks.info