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What is Micro Payments

Chapter 53
Handbook of Research in Mobile Business, Second Edition: Technical, Methodological and Social Perspectives
Micropayments are means for transferring very small amounts of money, in situations where collecting such small amounts of money with the usual payment systems is impractical, or very expensive, in terms of the amount of money being collected.
Published in Chapter:
Secure Payment in Mobile Business: A Case Study
Chitra Subramanian (Independent Researcher, Australia)
Copyright: © 2009 |Pages: 6
DOI: 10.4018/978-1-60566-156-8.ch053
Abstract
Mobile commerce offers consumers the convenience and flexibility of mobile services anytime and at any place. Secured and private mobile business processes using a mobile gadget for payments are essential for the success of mobile commerce. Mobile payment is the process of two parties exchanging financial value using a mobile device in return for goods and services. This chapter is an analysis of the secure mobile payment services for real automated point of sale (PoS), which are frequently used in terminals such as vending machines.
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