Mobile Commerce Trends
By
Easy Tips
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Sunday, 22 July 2018
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Credit Tips
After user is finished with purchasing, he sends a payment request message. Generally, this type of payment method is used in digital goods. User receives a pin from the merchant after a successful payment has been booked. User later uses that pin to access the content. Direct mobile billing: This type of payment is used like in paid gaming site for mobile where user chooses the option of payment with a mobile bill.
Its a fast, easy and safe mode of payment. Mobile Wallet: Its a service which allows the users to store virtually everything, a user would store in a physical wallet. A mobile wallet holds credit cards, debit cards, coupons, loyalty cards etc in it in form of information, which is required to perform the transactions.
Googles mobile wallet works on NFC chip, which is a secure element that differentiates this service from becoming an app. Mobile Banking: With evolving technology, banking was transformed into an online activity. Users got the advantage of performing financial transaction while sitting at home, using digital media. But as mobile technology advanced, this trend was introduced on mobile devices. Users could now transact not only while sitting at home or office, but could also while traveling, driving or sitting at coffee shop.
Mobile shopping: Smart-phones are acting as the helping hand in generating revenue for companies by allowing the users to shop from mobile devices using mobile app of online shopping stores. Many retail stores are coming up with their own apps for smart-phones so users could directly connect to their store and shop. It provides a convenient mode of shopping to users, with the home delivery add-on provided by the online stores. Mobile Coupons: Mobile coupons are the coupon codes provided by the seller through text messages to users, in order to attract the traffic for shopping.
Users get the coupon codes which they could redeem by shopping with merchant, either with e-commerce web-site or app or in-person shopping. Carrier Billing: It could be related with Direct mobile billing, where user is given the freedom to pay for the usage of an app or any other service with his mobile bill. The usage charges are included in the mobile bills of the customer rather than asking the customer to pay using credit/debit cards or using any third-party mobile payment service.
Cloud could be mentioned as an example of a cloud computing service involved in m-commerce or m-pay. Users are charged on the monthly basis in their mobile bills. Mobile commerce is not only a convenient method for making transactions but equally secure as e-commerce. Standards for security are followed in mobile app development process so as to ensure the absolute privacy of users delicate information.
The travel agency Orbitz has announced that a security breach of its systems, discovered on March 1, in which nearly 900,000 credit cards and personal information records were exposed across its customer base, has affected about 550 Stanford employees. Stanford officials have met with Orbitz representatives to learn more about the breach and how it impacts Stanford employees.
Orbitz is managing the response to this breach, and those impacted will be receiving notification from Orbitz regarding this incident via U.S. The affected parties will receive free credit monitoring, identity protection and other support services that will be outlined in the notification. This incident is a reminder of the best practices and vigilance needed in this era of pervasive cyberthreats: proactively freezing your credit, monitoring your bank account and credit card statements, reviewing your credit reports and using two-step authentication wherever available. The university also offers identity theft protection services free of charge to all benefits-eligible employees.
Credit Monitoring is a huge business and with scores being so important it will continue to grow. How many times have you seen promotional offers for the opportunity to get free monitoring of your credit profile, It is so confusing for most too even understands their credit reports let alone what the monitoring services provide and how they can help.
Credit Monitoring to protect you from identity theft would be like studying for an exam after you fail. Identity theft is a process and the last result of it is seeing accounts on your credit report that do not belong to you. Credit monitoring is a hands-on way to find out what is going on regarding your credit. It allows you a window into your credit report 24 hours a day to find out if there is any activity by someone trying to compromise your identity.
It is useful if you have been a victim of identity theft or if you feel at-risk for identity theft. Credit monitoring does indeed offer you value, in that you will be alerted to changes in your credit report. Having the right Credit Monitoring Services can be the number one, best weapon in your arsenal for improving your credit score.
You’ll see some of the Credit Monitoring Services offer tools that will tell you what effect on your credit certain actions you take might have on your rating. For instance, applying for a mortgage or paying off a credit card. This feature alone can be very beneficial in fixing your credit score.