#31unit 2e commerce payment system
Wireless payment system
Payments made through mobile and wireless devices.
Unit 2E-Commerce Payment SystemTopic #31Published
Wireless payment system
Not started
Wireless (mobile) payment systems use smartphones and wireless devices to make payments, both at physical point-of-sale (via NFC) and peer-to-peer (via apps). Social/mobile peer-to-peer (P2P) services like Venmo and Square Cash let users send money to one another funded by a bank debit card, at no charge.
- Define wireless/mobile payment systems and their categories.
- Explain NFC-based point-of-sale mobile payments.
- Describe social/mobile peer-to-peer (P2P) payment systems.
- Identify the major players and growth trends in mobile payments.