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Mopay
Mopay is a mobile payment platform represented in the U.S. by Mopay, Inc. Mopay and Mopay, Inc. are registered trademarks of MindMatics Group, a Germany-based mobile marketing company. History The brand mopay was first registered in Germany in 2003 by MindMatics AG. Offering single payments interface between online merchants and their respective end-customers, mopay was designed as international mobile payment platform. In 2009, mopay became the central product of the mobile payment division of MindMatics Group. In early 2010, mopay Inc., was founded as the North American branch of Mopay. Product Mopay addressed vendors of virtual goods and digital goods. It offered a billing option for small online purchases through mobile operators accounts. Mopay sought to reach unbanked and underbanked individuals who do not have access to credit cards or bank accounts. By utilizing mobile devices, Mopay was available worldwide. Mopay connects to mobile operators in over 80 countries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Smscoin
SMSCOIN is a mobile payment systems provider which specializes in SMS payments in particular, and provides premium SMS services in 92 countries supporting hundreds of mobile carrier networks worldwide. The main goal of the project was, and still is to cover as many countries worldwide as possible. History 2006 SmsCoin project was launched in July 2006 with only 4 countries (Russia, Ukraine, Kazakhstan, Israel) offering 3 of the following services: sms:chat, sms:key and sms:bank. During month of November additional service called sms:transit was developed, and closer to the end of the year 13 countries became available. 2007 The beginning of 2007 was marked by adding a few more countries as well as developing innovative extensions for browsers and a MIDlet that made it easier for SmsCoin' partners to access the statistics of their websites using mobile phones. English version of the website was presented in February. Its anniversary SmsCoin celebrated with 5 different sms:s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Telecommunication
Telecommunication is the transmission of information by various types of technologies over wire, radio, optical, or other electromagnetic systems. It has its origin in the desire of humans for communication over a distance greater than that feasible with the human voice, but with a similar scale of expediency; thus, slow systems (such as postal mail) are excluded from the field. The transmission media in telecommunication have evolved through numerous stages of technology, from beacons and other visual signals (such as smoke signals, semaphore telegraphs, signal flags, and optical heliographs), to electrical cable and electromagnetic radiation, including light. Such transmission paths are often divided into communication channels, which afford the advantages of multiplexing multiple concurrent communication sessions. ''Telecommunication'' is often used in its plural form. Other examples of pre-modern long-distance communication included audio messages, such as coded drumb ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Cards
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges). The card issuer (usually a bank or credit union) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance. There are two credit card groups: consumer credit cards and business credit cards. Most cards are plastic, but some are metal cards (stainless steel, gold, palladium, titanium), and a few gemstone-encrusted metal cards. A regular credit card is different from a charge card, which requires the balance to be repaid in full each month or at the end of each statement cycle. In contrast, credit cards allow the consumers to build a continuing balance of debt, subject to interest being charged. A credit card diffe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payment Service Providers
A payment is the voluntary tender of money or its equivalent or of things of value by one party (such as a person or company) to another in exchange for goods, or services provided by them, or to fulfill a legal obligation. The party making the payment is commonly called the payer, while the payee is the party receiving the payment. Payments can be effected in a number of ways, for example: * the use of money, cheque, or debit, credit, or bank transfers, whether through mobile payment or otherwise * the transfer of anything of value, such as stock, or using barter, the exchange of one good or service for another. In general, payees are at liberty to determine what method of payment they will accept; though normally laws require the payer to accept the country's legal tender up to a prescribed limit. Payment is most commonly effected in the local currency of the payee unless the parties agree otherwise. Payment in another currency involves an additional foreign exchange transactio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Payments
A mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device, as the cardinal class of digital wallet. Instead of paying with cash, cheque, or credit cards, a consumer can use a payment app on a mobile device to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available. Mobile payments began adoption in Japan in the 2000s and later all over the world in different ways. The first patent exclusively defined "Mobile Payment System" was filed in 2000. In developing countries, mobile payment solutions have been deployed as a means of extending financial services to the community known as the "unbanked" or "underbanked", which is estimated to be a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zong Mobile Payments
Zong was a mobile payment company that allowed users to make micropayments on the Internet if they have a postpaid mobile phone. The payments were charged to their mobile phone bills by the mobile operator. The company was acquired by eBay in 2011. Zong payments were only accepted by online games and social networks, and the service can be used to purchase virtual goods. Zong was awarded the 2009 Frost & Sullivan Best Practices Award for New Product Innovation in the Mobile Payments category. In May 2015, Zong disappeared from the web without any public declaration. The website now simply redirects to PayPal. See also * Mobile commerce service provider A mobile commerce service provider (mCSP) is an organization (or company) that provides any combination of consulting, software and computer systems for mobile e-commerce platforms, mobile devices (cellular phones, smartphones), mobile commerce ... References {{Payment service providers Companies based in Menlo Park, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fortumo
Fortumo was an Estonian company which developed a platform for digital service providers for user growth and monetization. Fortumo's products allowed digital merchants to acquire new users through telco bundle partnerships and collect payments using carrier billing & mobile wallets. The company connected merchants to a network of more than 300 telcos and digital wallets in Asia, Europe, Latin America, the Middle East and Africa. The company started in 2007 as a spin-off of a mobile service company called Mobi Solutions. In July 2020, the company was acquired by Boku, Inc. and continued to operate under its existing brand within the group. In February 2022, the company announced consolidating its activities under the Boku, Inc. brand. Products Fortumo provided digital content merchants with the following products for user growth and monetization: * Payments platform: enabled digital merchants to collect payments from subscribers of over 300 mobile operators and digital walle ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Commerce Service Provider
A mobile commerce service provider (mCSP) is an organization (or company) that provides any combination of consulting, software and computer systems for mobile e-commerce platforms, mobile devices (cellular phones, smartphones), mobile commerce The term mobile commerce was originally coined in 1997 by Kevin Duffey at the launch of the Global Mobile Commerce Forum, to mean "the delivery of electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless tech ..., mobile content or mobile web sites. mCSPs supply businesses with the tools and services they need to distribute and sell products and services over both the Internet and Mobile Internet and manage their online enterprises. Specifically, these firms specialize in all aspects of mobile commerce, including for all digital goods (games, video, ringtones, wallpapers and applications) that are downloaded to mobile devices. mCSPs provide service in areas such as * ''mobile device databases'' * ' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Operators
A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sell and deliver services to an end user, including radio spectrum allocation, wireless network infrastructure, back haul infrastructure, billing, customer care, provisioning computer systems, and marketing and repair organizations. Operator In addition to obtaining revenue by offering retail services under its own brand, an MNO may also sell access to network services at wholesale rates to mobile virtual network operators (MVNO). A key defining characteristic of a mobile network operator is that an MNO must own or control access to a radio spectrum license from a regulatory or government entity. A second key defining characteristic of an MNO is that it must own or control the elements of the network infrastructure necessary to provide ser ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mobile Devices
A mobile device (or handheld computer) is a computer small enough to hold and operate in the hand. Mobile devices typically have a flat LCD or OLED screen, a touchscreen interface, and digital or physical buttons. They may also have a physical keyboard. Many such devices can connect to the Internet and connect with other devices such as car entertainment systems or headsets via Wi-Fi, Bluetooth, cellular networks or near field communication (NFC). Integrated cameras, the ability to place and receive voice and video telephone calls, video games, and Global Positioning System (GPS) capabilities are common. Power is typically provided by a lithium-ion battery. Mobile devices may run mobile operating systems that allow third-party applications to be installed and run. Early smartphones were joined in the late 2000s by larger tablets. Input and output is usually via a touch-screen interface. Phones/tablets and personal digital assistants may provide much of the functionality of a l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Accounts
A bank account is a financial account maintained by a bank or other financial institution in which the financial transactions between the bank and a customer are recorded. Each financial institution sets the terms and conditions for each type of account it offers, which are classified in commonly understood types, such as deposit accounts, credit card accounts, current accounts, loan accounts or many other types of account. A customer may have more than one account. Once an account is opened, funds entrusted by the customer to the financial institution on deposit are recorded in the account designated by the customer. Funds can be withdrawn from loan loaders. The financial transactions which have occurred on a bank account within a given period of time are reported to the customer on a bank statement, and the balance of the accounts of a customer at any point in time is their financial position with the institution. Nature of a bank account In most legal systems, a deposit of f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Underbanked
The underbanked is a characteristic describing people or organizations who do not (or volunteer to not) have sufficient access to mainstream financial services and products typically offered by retail banks and thus often deprived of banking services such as credit cards or loans. The underbanked can be characterized by a strong reliance on non-traditional forms of finance and micro-finance often associated with disadvantaged and the poor, such as cheque cashers, loan sharks and pawnbrokers. Many people who are classified as underbanked may also have a language barrier, such as migrant workers, be unable to access banking facilities due to distance, such as the elderly, or simply feel uncomfortable using automated teller machines. The underbanked are a distinct group from the ''unbanked'', who are characterized by having no banking facilities at all. Distribution Small countries have fewer banking provisions than large countries, even allowing for the smaller size of their econ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
