SMS Payment Solution
SMS as a payment solution enables service providers to create additional revenues and added value services through subscription based services. Payments are fully secured by means of a short pre determined code and may also be validated by the phone ID itself.
The development of mobile internet access necessitates the need for sms mobile charging for clients who wish to transact their business from any point on the globe.
As a payment solution, SMS is ideal for micro transactions, for example down loading MP3 songs, pictures, video access etc.
End users are provided with logins and passwords, for example to access premium web sites.
On receipt of the end users mobile bill, the user can see the sms premiums charged. Alternatively, a pre-payment account using the mobile to activate transfer of funds is possible on certain networks. SMS Payments are equally secure as other IVR platform solutions. SMS transactions are encrypted between the mobile operator and the client.
Password validity periods may be predetermined by the client or set to default as an added feature of SMS solutions.
