A Proposed Mobile-Online Payment Processing System

摘要

Payment processing systems has evolved over the years, ever since the introduction of e-Businessand e-Commerce applications back in the 1990?s. In this study, the reseracher introduces a proposedmobile-online payment processing system that is envisioned to provide the actual process for the transfer ofpayments between online buyers and online sellers using an online mobile payment gateway linked tocustomer?s and merchant?s banks, credit card accounts and mobile service providers. The proposed systemis designed to serve both micro and macro payments side by side. In micro payments, the actual players are thebuyers, sellers, payment gateways and mobile service providers. For macro payments the main players arebuyers, sellers, payment gateways and banks. The system can be used by all type of online e-Commercewebsites, e-Commerce applications and person to person payment platforms. Micro payments deals with lowcost and low volume products or services purchases such as buying a soft drink or purchasing a movie ticketwhile macro payments deal with high to moderate cost transactions with high volume trading model. Based onthe need for an aggregated payment processing system the reseracher proposes anmobile-online paymentprocessing system that handles micro and macro payments in a secure and easy to use fashion.