Archive for April, 2009

About SMS payment services..

Wednesday, April 8th, 2009

by Marino Bresciani

I have been reading quite a lot on mobile payment services around. In many countries,

Anyway – after I read about the latest mobile payment solution brought on the UK, I could notice how this business template has a notable interest of this own – and can give quite some inspiration to related services. So let’s have a more detailed view…

(1) Mobile payment services (MPS) aim to quickly and securely transfer cash from one place to another, all via text.

(2) This way – also affiliated merchants can also receive payments for their goods and services all via MPS.

(3) MPS services must entirely be geared towards customer satisfaction and have simplicity, convenience and ease of use all at the core of its offering. –> therefore it has to be (1) bank independent, (2) network independent, (3) handset independent, (4) age independent and (5) location independent, meaning users can use it anytime, anywhere and at any age.

Even more interesting is the use of simple commands to perform the requested transfer.

  • To register -> password REGISTER YourName
  • To link your credit card -> password LINK cardPassword (plus some additional instructions to register the card)
  • To load the account with credit -> password GET CASH 5 cardPassword
  • To check your balance -> password BALANCE
  • To send money to a friend -> password BEEM FriendName 5.50
and so on, and so on..
If you have a basic experience in programming, and the necessary tools to operate with a Virtual POS, then you can create your own payment solution.