The fact is, cash and checks can get lost and credit card information, if not put in a secure place, can get into the wrong hands between the time the information was taken down and the customer’s card was charged. M-commerce solutions have taken a lot of the hassles out of doing business “on the run.”
As a result manufacturers have made significant improvements and added features to attract even more consumers and meet current owners demands. One of those features is wireless transaction processing. Imagine being able to process credit card and debit card transactions wirelessly within seconds at trade shows, business seminars, house calls, etc.
The acceptance method has been around for a few years, but it is just now really starting to make a large impact on how we do business away from our offices.
M-commerce first started with the use of wireless POS (Point Of Sale) swipe terminals and has since then made its way into cellular phones and PDAs (Personal Digital Assistants). Wireless POS swipe terminals are much more expensive (usually around $700 and up) then regular “wired” terminals which require you to be nearby a phone jack and electrical outlet in order to operate. As a result, this has caused many people to find alternative ways to process transactions while their “on the road”—at least until now.
Whether you have a service business that works at your customer’s location, or if you take your retail business on the road, wireless processing is an easy and cost-effective way to accept credit cards wherever your customers happen to be.
Society has acquired a new mind set that things should be done instantly. As this mind set continues to grow, the demand for accessibility and instant satisfaction grows as well. Instead of using carbon machines to pay for items, more people are using telephones and computers. Everything is faster in today’s world. A wireless transaction will take 2.5 seconds of a consumer’s time, as compared to 12-20 seconds for dial-up terminals.
Card Not Present, Airlines, Travel, Adult, Dating and Escort, Outbound Telemarketing, TMF (including internet), Online Membership Clubs, Scholarship Programs, Diet Programs, Continuity Merchants, Nutra, Healthcare, Pharmacy, Tobacco, Multi-Level Marketing, Offshore.
Prepaid long distance products assign a distinct number of long distance minutes with select foreign and domestic calling destinations.
Bill Payment solutions add convenience for customers and drive greater traffic into stores. New billers are continually added to the system thus driving increased transaction volume. This type of service fosters merchant loyalty to our diverse product and service offering.
Prepaid wireless products allow individuals to purchase a predefined number of wireless minutes without having to pass a credit application or sign a long-term wireless plan.
Pin-less products a new entrant into the prepaid market, pin-less products allow consumers to tie multiple telephone lines – either cell and/or land lines – together and link them to a common account that has been pre-funded and can be replenished at any time.
International Top-Ups presently the fastest growing prepaid category–enable people living or working abroad to instantly recharge mobile phones of friends and family back home.
Moneta is presently providing Document and Toll Payments for SunPass in Florida, EZPass for MTA in New York, and FasTrak for Golden Gate Bridge/Bay Area Transit Authority and Transportation Corridor Agency in northern and southern California respectively.