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

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Presentation transcript:

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

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? 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

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

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 Receipts In-app Transaction Manager Tip Tax Save Customer Info GPS Location Reporting Manage Cash Transactions Void Capture Signature Refund/Credit

Financial Comparison

Future Direction 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. Summary Minimize the cost of conducting transactions for small and medium merchants Easy access to payment

References bnd bnd business/ business/ soarhttp:// soar