#31unit 2e commerce payment system
Wireless payment system
Payments made through mobile and wireless devices.
3D Learning World
Interactive Visualizations
Topic Diagrams
Wireless payment system categories
Two broad categories of wireless/mobile payment systems.
Wireless payment systems split into two categories. NFC point-of-sale systems let consumers tap a phone at a merchant reader (Apple Pay, Android Pay, Samsung Pay). Social/mobile peer-to-peer systems let users send money to friends through an app funded by a bank debit card (Venmo, Square Cash, Facebook Messenger).
Explanation: Wireless payment systems split into two categories. NFC point-of-sale systems let consumers tap a phone at a merchant reader (Apple Pay, Android Pay, Samsung Pay). Social/mobile peer-to-peer systems let users send money to friends through an app funded by a bank debit card (Venmo, Square Cash, Facebook Messenger).