Web payment service

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Web payment service

An online service that manages the transfer of funds from a customer to the merchant of an e-commerce website. The money may come from a prepaid account or credit card stored in a digital wallet in the user's device or stored in the service's datacenter.

Credit Cards and PayPal
In the late 1990s, many people were reluctant to pay for merchandise online via their credit cards. In addition, it was believed that information would be widely sold for a few cents (micropayments) per article. As a result, several payment systems emerged to make online payments more reassuring than credit cards. Most of them have faded or evolved into parts of other financial systems. Today, credit cards are widely used online, and PayPal has also endured with its various money transfer methods. See mobile payment service, PayPal, Bitcoin, Brodia, CyberCash, e-cash, eCharge, InternetCash, iPIN, Qpass, Windows Live ID and 1ClickCharge.
References in periodicals archive ?
At Bic Camera's Ikebukuro main store in Tokyo's Toshima ward on Saturday, one customer paid for his shopping via the PayPay smartphone payment service. The 49-year-old man from Saitama prefecture's Kawaguchi City bought a tripod, and received 20 per cent back in points.
PT Visionet Data Internasional, a leading provider of IT managed services for the financial industry, and SmartPesa, the market leader in mPOS (mobile Point of Sale) solutions for emerging markets, announced today the launch of Mobey - a next-generation mPOS payment service across Indonesia.
Payvision is an international card acquirer and payments platform, connecting payment service providers and their global merchants.
17 -- After a test involving a million users, WhatsApp will roll out its UPI-based payment service for all users in India, according to the National Payments Corp of India.
It envisages an obligation of payment service providers to provide to a consumer, in good time before concluding a contract with him, apart from the information prescribed in the Law on Payment Services, also a separate fee information document containing a list of services linked to a payment account and details on individual fees for each service.
Erroneous decisions on the adoption of a mobile payment service can be prevented if the reasons for using mobile payment services by consumers are understood.
KARACHI -- United Bank Limited (UBL), Pakistan Best Bank 2016, has launched the Masterpass QR digital payment service in partnership with Mastercard, a leading technology company in the global payments industry.
The agreement is aimed at providing the necessary support for activating the smart payment service channel via mobile phone numbersfor individual and corporate retail customers in Dubai.
Mobile payment service providers such as PayPal, Mastercard, AmazonPay, and Google Wallet are increasingly investing in IT to enhance their technological capabilities, ensure operational efficiency, and keep pace with a growing customer base.
The strategic aim of the new entity is to be one of the leading and most innovative payment service providers for financial institutions and corporates in Europe.
("All In Pay"), a leading integrated processing payment service business in China, to promote cross-border payment services to key regions where econtext Asia operates, including Japan, Hong Kong, Macau, Taiwan, Indonesia, India and Vietnam.
Fawry, a leading electronic bill presentment and payment (EBPP) platform in Egypt, has rolled out its electricity bill payment service nationwide.