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A prepaid mobile device, also known as a pay-as-you-go (PAYG), pay-as-you-talk, pay and go, go-phone, prepay, or burner phone, is a mobile device such as a phone for which credit is purchased in advance of service use. The purchased credit is used to pay for telecommunications services at the point the service is accessed or consumed.
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.
EMV contactless symbol used on compatible payment terminals. EMV stands for "Europay, Mastercard, and Visa", the three companies that created the standard.Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for ...
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The original MST and WMC mimicked unencrypted magnetic stripe technology in order to be compatible with older credit card terminals. The wireless transmissions were not encrypted and therefore not considered "secure". The Samsung Pay and LG implementations of MST use secure EMV compatible tokens and are considered to be secure. [citation needed]
Other telecommunications experts think tourism plays a role as international travelers visiting the state may find it cheaper to make a pay phone call than pay mobile fees for calling from the U.S ...
Samsung Pay (stylized as SΛMSUNG Pay) is a mobile payment ... which emulates the swipe of a permanent magnet strip ... On phones, the Samsung Pay menu is launched by ...
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