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m-payment system

 
Ransika deSilva
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Hi All,
Just wondered whether there are m-payment systems which are done in J2ME? Would be really grateful to know about any company which is using that kind of a technology, case studies and theisis? what about the trend of M-Payment systems.
Thanks a lot
 
Jignesh Kakkad
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I am also interested in that.
 
Ransika deSilva
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Hi Jignesh,
Good to hear that you are also interested about this. What to do you think about this topic, do you think that this is a cool idea in the present day world, what have you found out so far, would like to hear from you. Thanks
 
Jignesh Kakkad
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hi
this is very cool idea i did not find anything in this topic.
but we can chat about this topic on YAHOO or MSN Messanger if yuou dont mind

my ids jig2nesh@yahoo.com and jig2nesh@hotmail.com

waiting for you
 
Chit Ming Chong
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I just finish a course in e-payment. From what I know, It doesn't seem to have such system available.
 
William Frantz
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What is your vision of m-payment?

I can use paypal.com to send payments to e-mail addresses using my phone. The receiver could verify that payment was received from their phone.

That means you and I could have a financial transaction using two phones. I can meet you, offer to sell you something, and provide a paypal address. You could whip out your phone and send me a payment. My phone could verify the payment before I hand you the item. It might only take a couple minutes.

William Frantz
http://sprintdevelopers.com
 
William Frantz
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Now that I think about it, this could be a very handy thing to have. How many times have you been at a restaurant with friends trying to divide up the check. Maybe you don't have correct change or maybe neither of you has cash. "I'll pay you back later," right?

No, just pull out the phone, enter the amount and a paypal address, done. Of course the only problem is the paypal fees for the receiver.

Is it less than a credit card? If I were a small shop owner, I might be willing to accept on-the-spot paypal payments.

William Frantz
http://sprintdevelopers.com
 
William Frantz
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Paypal says sending/receiving money is free for "personal accounts". It's 1.9% + $0.30 USD to 2.9% + $0.30 USD to receive money for a "Premier/Business Account".

Sounds like I can trade money with friends for free. For some reason I have a hard time believing that but I've never tried.
 
Ransika deSilva
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Hi William,

My vision of a m-payment is nothing but giving the user to allow the phone as a credit card, you pay it through the phone, and that ammount is added to your phone bill. I heard that there are systems like that already, to sell midlets.
This is the basic Idea that I have, I would like to discuss and get to know more about your views of this.
Thanks and Regards
 
William Frantz
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Originally posted by Ransika deSilva:
My vision of a m-payment is nothing but giving the user to allow the phone as a credit card, you pay it through the phone, and that ammount is added to your phone bill.

I'll go out on a limb here and say you'll never get charges added to a subscriber's phone bill. That would require the cooperation with the carrier. Big carriers won't give you the time of day.

So why do you need the charges added to a phone bill? That's not really important is it?

What does it mean to use a "phone as a credit card"? Can you provide a example scenario? Obviously, I can't swipe my phone through a credit card maching at Target's checkout counter.

When I buy something from target.com, I type in my credit card number and some other information. I never actually get my card out. I have the number in my PC so I just cut-n-paste my number onto the target.com website.

Likewise, when ordering something from an 800 number, I don't always use my card. I pull out my PDA and read my credit card number.

So why does a Target cashier require you to swipe anything? Shouldn't I just be able to tell them my credit card number? Ever had a problem with the card reader? I've had cards with worn out magnetic strips that can't be read. The cashier takes my card and manually punches in the numbers. So they don't really need my card either. I could tell them my number and they could punch it in manually.

All this brings me back to using the phone. If you stored your credit card number on your phone someplace, you could use your phone in place of your card when placing orders on line, over the phone, or with a cooperative cashier.

I know that credit card companies charge different merchant fees for "card present" and "card absent" orders. That's probably why the cashier wants to physically see your card. Until you change that policy, you may never eliminate the need to carry a physical card.

Now go back to paypal for a minute. They don't have any physical card requirements. The transaction is processed in real-time from users who login with a username/password. Furthermore, they don't charge a fee. That's the kind of transaction you need to enable m-comerce.
 
Ransika deSilva
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Hi,
Well the idea was to use the mobile phone to pay bills, seems like it is not a very good idea for me now, it was a new idea for me, so just thought of getting some ideas from you as well.
Any way just curious to know what are the 'hot' topics in the mobile field. Specialy with the J2ME technologies. I would really like to hear your ideas,
Regards
 
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