MOBILE PAYMENT SYSTEMS - Advanced Solutions for Universal Transactions
A recent study by TowerGroup reveals that shifting consumer behavior will drive financial services institutions to integrate a broad range of mobile payment types.
Banks are now not limiting their services to the sale of banking products; they are extending their hands to channelize any payments made through them -- be it electricity bill payment, insurance payment or mobile bill payment.
Telcos, on the other hand, want to give their customers all payment facilities on their mobiles. So, this collaboration is coming up in a big way to enable customers to do any type of payments through their mobiles.
Recently, China’s three mobile operators -- China Mobile, China Unicom and China Telecom -- partnered with the country’s largest commercial bank, the Industrial and Commercial Bank of China (ICBC), to launch 3G WAP mobile banking services. LIME in the Caribbean has been selected to partner with a number of indigenous banks to provide mobile banking services.
Typically, while financial institutions have capitalized on the reach of mobile connections vis-à-vis the existence of bank branches, telcos have capitalized on their ability to help their customers meet all their payment needs on the mobile phone.
As a matter of fact, delivering working, reliable mobile payments solutions is ALL about technology. People often make the mistake of equating mobile payments to a cute little program on a handset, connecting to the existing payment systems in the bank.
This may be fine for a few subscribers and limited number of transactions, but as soon as these applications are used in the earnest, the bottlenecks, the conflicts and the challenges move to the back-office. A bank’s core systems were never designed to deal with so many transactions.
For the same reason, the complexity and challenges associated with mobile banking systems are huge. One of the main challenges that mobile service providers face is the need to build a common platform that can be used by any bank or any mobile phone manufacturer. But that is just a tip of the iceberg.
There are challenges galore with the need of real-time responses, scalability to handle high volumes of transactions, answer to the security paradox, providing the right level of details to the customer, detection of error transactions and integration with multiple systems. For a business owner or business operator how would these contributed to your organization's profit and loss?
GOLDEN OPPORTUNITY
Learning from international best-practices the course delegates will be best prepared for developing successful mobile payment strategies that guarantee the highest costumer protection and the safest transactions methods.
Discussion and exploration of popular mobile payment initiatives from around the world to get insights into country-specific approaches and individual mobile payment solutions.
The comparisons include a various range of different legal settings and technological frameworks to show how existing challenges and upcoming issues can be tackled best to develop a far reaching and efficient mobile payment strategy.
Explore and discuss the constellation and structure of mobile payment systems (operated by mobile operators, by banks, or in a joint venture) and analyze the risks and benefits of mobile payment services for parking services, money transfers, payment of utility bills, purchase of airtime, as well as mobile content.
PANEL EXPERT
Mr András Vilmos, Managing Director, SafePay Systems Ltd
- Project Manager of European Union funded project Secure Mobile Payment Systems (SEMOPS)
- Project Manager of the pan-European consortium Store Logistics and Payment with NFC (SToLPaN), supported by the European Commission
PANEL EXPERT CREDENTIALS
Cooperation Partners:
• Motorola • Deloitte • The European Commission • Millennium Bank • Manca Marche • MKB Bank • SBB Group • GBC / SIA SSB Group • SafePay • Mellon • University of Augsburg, Germany • Corvinius University of Budepest, Hungary • Fornax • Intrasoft International • Bull • ProfiTrade 90 Kft • Fold-R
Publications
• Building the E-service society: E-commerce, E-business, and E-government
• Advances in security and payment methods for mobile commerce
• Mobile computing: concepts, methodologies, tools, and applications, Volume 4
REGISTRATION AND INQUIRY
UNI Strategic (Malaysia) Sdn Bhd | Mr. Abas, Patahul Ariffin | Direct Line: (603) 2773 5528 | Email: abas.p@kl.unistrategic.com
PROGRAM BROCHURE
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WORKSHOP FEE
@ USD 2,795 per delegate
@ USD 2,495 per delegate if 2 or more delegates sign up
Fee inclusive of course documentation, luncheons, refreshments and 15% services charge. The amount payable is net withholding taxes or any other taxes, if any.
Best regards;
Abas, Patahul Ariffin
UNI Strategic (M'SIA) SDN. BHD. 23rd Floor, UBN Tower, 10, Jalan P.Ramlee 50250 Kuala Lumpur Malaysia
Tel: +603 2773 5555 DL: +603-27735528 Fax: +603 2773 5577 GSM/Mobile: +6017-3022946
Email: abas.p@kl.unistrategic.com