Micropayment system that charged payments to users’

End users benefit from the convenience of being able to pay for parking from the comfort of their car with their mobile phone, and parking operators are not obliged to invest in either existing or new street-based parking infrastructures. Parking wardens maintain order in these systems by license plate, transponder tags or barcode stickers or they read a digital display in the same way as they read a pay and display receipt. Zong mobile payments was a micropayment system that charged payments to users’ mobile phone bills.

However, the biggest reason for micropayments’ struggling over the internet was user disapproval. In other words, micropayments systems failed because the systems didn’t know what users and merchants actually need. Getting user’s approval with reliable and secure networks will be a big challenge to wireless micropayments.

By implementing Xip the 휴대폰결제현금화 operator can now enable parking fee collections through its mobile money service solving issues such as no change, cash management for both the collector and consumer, security for the collector. The Xip Terminals can also be integrated with Parking barriers and parking collection systems to provide for automatic fare calculation and easy tap and enter/exit. NFC vendors in Japan are closely related to mass-transit networks, like the Mobile Suica used since 28 January 2006 on the JR East rail network. The mobile wallet Osaifu-Keitai system, used since 2004 for Mobile Suica and many others including Edy and nanaco, has become the de facto standard method for mobile payments in Japan. Its core technology, Mobile FeliCa IC, is partially owned by Sony, NTT DoCoMo and JR East.

Bluetooth wireless technology still prevails in the mobile communications market because of the short transmission range of most devices and its 128-bit encryption capabilities. It will be one of the major technical forces pushing the popularity of wireless micropayments in the m-commerce arena. Even with the security concerns existing in some Bluetooth-enabled mobile phones, serious wireless micropayments security problems, such as loss of stored value account number or E-money, have not yet surfaced. And it is expected that the next generations of mobile wireless phone system (3G & 4G) would not encounter any serious security threats as the mobile phone vendors are proactively dealing with the existing as well as potential security threats.

However, in many of the emerging markets where recharge is provided through USSD, vouchers or scratch cards it continues to be error prone, cumbersome and time consuming. The Xip solution allows any airtime recharge service provider to upgrade the existing agent infrastructure to offer a fast, convenient and error free ‘Tap & Recharge’ service. Further as the NFC card is linked to the users mobile number there is no need to provide the mobile number to the recharge service provider thus ensuring safety and privacy to the person buying airtime. Cash is the predominant means of transactions in the emerging economies and this presents a tremendous business opportunity for the Financial Institutions. A large number of small to medium merchants do not accept digital forms of payments as the cost of terminals is high, the fees payable are high and the time to settlement is also high.

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