Electronic Payment Systems

With wide convergence between fixed and mobile networks, multimedia services can be expected to improve, along with more appropriate feature capabilities with wireless devices.

NGN networks provide for an unbundling of the application layer [using IMS] from the underlying network architecture, the network operator may no longer be the ONLY billing body. With open-architecuture, there is no reason why charging data cannot be passed real time to third party service providers, who will manage both the service initiation, session management and billing.

Many of these services may be subscription based, but what of one off services? How will electronic payments and electronic funds transfer systems support mobile application services?

Most money today is electronic, with tangible cash fast becoming a thing of the past. Electronic payments of EFT [electronic funds transfer] supports of internet / online banking, debit cards, online bill payments and internet business [ecommerce].

In this section we look at:

• Development of Payment Systems and Standards
• Typical Payment System Architecture
• Overview of Electronic Payment Process
• Detailed Electronic Card Payment Process
• Directory Of Payment Systems
• Advanced Payment Systems
• Mobile Payment Solutions
• Secure Payment Verification

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