The background to mobile payment technology and its implementation in Essay

The background to mobile payment technology and its implementation in HMV - Essay Example This gave the company a competitive edge for better customer satisfaction and attraction. HMV has also aimed to transform there way of payment and decided to provide there customer a better and more easy way for the online payment. This also adds to companies list of payments options. Shuffling through your pockets at the shop depart, you understand you’ve missing your wallet at house and all you have by method of payment are a small number of coppers and an previous bus ticket. You’re concerning to create your red-faced justification when you consider you as well have your mobile cell phone. All you require do is swipe it crossways a reader by the yet and right away your obtained will be accused to your credit card. Not pleased with restoring our MP3 player, landline, alarm clock, camera and mobile phone producers have at the present place their sights on replacing our wallet. Their latest creation of cell phones will connect to us to credit or debit bank account as fraction of a combined plan with mobile phone operators, credit card companies and banks. They forecasted this one-swipe disbursement technology will possibly put back cards and cash and formulate it probable to go shopping armed simply by a mobile phone. This way of paying is called the â€Å"pay-by-mobile† system previously functioning in Japan, where it is named as â€Å"o-saifu keitai† or can say the mobile wallet, and tests are underneath way in the US, Sweden and France. Business insiders forecast the latest technology could reach in the United Kingdome after one year. Pay-by-mobile established a boost up last few months, when the Groupe Speciale Mobile Association (GSMA), on behalf of mobile phone handlers, declared a structure for a worldwide standard for mobile cell phone purchase payments. This would permit users of networks like that the Orange to utilize their phones to build buys in the sameO2, Vodafone, in a method in the region of the