Mobile Wallet – A Convenient Payment Method
Unique mobile payment experience
The Mobile Wallet is a mobile payment service based on NFC technology. Using the wallet, consumers can pay by just tapping the mobile phone on the payment terminal. This automatic payment mode immediately accepts low-value payment transactions without any further confirmation.
User Payment Control
Depending on the type of mobile wallet in use, a high-value payment needs to be authenticated by the end-customer on the mobile phone or the payment terminal. Different payment properties such as the kinds of cardholder verifications (Mobile PIN, PassCode, mPIN, online PIN, security patterns) can be defined by the issuer.
Benefits of the Mobile Wallet
- Convergence of different categories such as payment, loyalty, access, etc.
- New content items can be added through the marketplace
- Instant activation and delivery of service content
- Enhanced user experience by new functionalities such as displaying the transaction history
In addition to managing and controlling the wallet´s payment behaviour the consumer has access to a detailed transaction history, including information on the amount, merchant, location, and time of a transaction. On top of that, various other control features such as visualisation of a spending history subject to merchant categories are available.
Secure Element Support
The MasterCard PayPass user interface and the Visa payWave user interface have been designed to support various Secure Element (SE) form factors including NFC SIM or mSD, as well as soft SE based environments. Find more information in our AUSTRIACARD Payment Portfolio.
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