Pay by phone adult dating

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Since SMS lacks end-to-end encryption, such solutions employ a higher-level security strategies known as 'tokenization' and 'target removal' whereby payment occurs without transmitting any sensitive account details, username, password, or PIN.To date, point-of-sales mobile payment solutions have not relied on SMS-based authentication as a payment mechanism, but remote payments such as bill payments, and membership or subscription renewals are commonplace.Mobile payment (also referred to as mobile money, mobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device.Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods.A simple mobile web payment system can also include a credit card payment flow allowing a consumer to enter their card details to make purchases.This process is familiar but any entry of details on a mobile phone is known to reduce the success rate (conversion) of payments.Most transactions do not require authentication, but some require authentication using PIN, before transaction is completed.

The merchant involved is informed of the payment success and can then release the paid for goods.After two-factor authentication involving the consumer's mobile number and a PIN or One-Time-Password (often abbreviated as OTP), the consumer's mobile account is charged for the purchase.It is a true alternative payment method that does not require the use of credit/debit cards or pre-registration at an online payment solution such as Pay Pal, thus bypassing banks and credit card companies altogether.Requesting a PIN is known to lower the success rate (conversion) for payments.These systems can be integrated with directly or can be combined with operator and credit card payments through a unified mobile web payment platform.

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