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The following is a guest post. Enjoy!
Types of Mobile Payments
The best place to begin to learn about this technology is by learning about the different types of mobile payment systems that are available. Generally speaking, mobile payment processing is defined as any system that allows a customer or business to use a smartphone, tablet computer, or other mobile device to receive and process credit card transactions. The method is commonly referred to as phone credit card processing. In general, there are four common types of mobile payment processing.
Person to Person (P2P) Mobile Payments
Closed Loop Mobile Payments
How about you all? Do you use these (or other) mobile payment options very often? Do you pay merchants who swipe your credit card on their smart phone reader very often? Do you worry about security with these types of transactions at all?
Share your experiences by commenting below!
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