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How do mobile payments work

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By http://judopay.com | http://hub.judopay.com When you make a purchase online, as an end consumer you see the transaction fail or pass. But behind the scenes is a detailed process flow taking place to ensure your information is securely passed to the relevant parties in order to assess your purchase. In this video Dennis Jones, CEO of judo, explains the players involved in mobile payments. He uses a customer transaction and walks you through all the possible scenarios. If you are a business looking to integrate mobile payments or you are simply interested in this industry, this video will help you understand payments and the pricing models by businesses. About: Judo Payments is Europe's only mobile first card payments company for apps and mobile web. Take payments on any mobile device in a fast, secure and simple way and create a successful mobile story.
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Text Comments (46)
Vidox Studio (8 days ago)
Hallo, I wanted to start app like Alipay but I don’t know which companies to talk to, my email is [email protected] ....... +86 151 6500 2708
Design Services (1 month ago)
Make sure the payment is safe on mobile : https://acmtt.blogspot.com/2018/10/Tips-for-Safe-Mobile-Payments.html
Hardly Confused (3 months ago)
You made it look like the merchant is not involved during the transaction.
Stella Gaunson (4 months ago)
I do consider all the ideas you have offered in your video. They’re really convincing and can definitely work. thanking you very much for having posted this video!!! #merchantstronghold
Judopay (3 months ago)
delighted you enjoyed it!
M Jan (5 months ago)
starting was good, but at the end mobile payment was finished in hurry without explaining the role of mobile, cards, merchants. Please, explain the use of Digital wallet (like Apply pay, PayPal) in web payment.
Xie Yining (7 months ago)
How can you keep eyes open for so long? You don't even blink for 30 seconds!!
Punches (29 days ago)
hehehe
Kaithai Sayarath (7 months ago)
should merchants be allowed to charge the consumer a Debit transaction?
id104335409 (8 months ago)
Actually..... when a problem arises and you don't get your money.... the banks does jack shit to help you.
Daniel Brain (9 months ago)
Great Explain. This is very informative & useful video. Thanks #merchantstronghold
MAX DOU (10 months ago)
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rosemary mandindi (1 year ago)
how do I do the online banking ? I am a BBT
thanks
aza pro (1 year ago)
Thanks a lot for your clarification, it was very helpful
Ahmed Arif (1 year ago)
Great job man
Shika Jay (1 year ago)
great information. how can I reach out to you for further help?
isaac obeng (1 year ago)
thank you
Amith Kumar (1 year ago)
What are the protocols of communication agreed to and is it internationally agreed to ( In Card present payment ) or is it specific to Banks having tie up with Visa for example ?
se7ensnakes (2 years ago)
Banks are issuing counterfeit money! Credit cards as they are issued is illegal per article 1 section 8 clause 5 of the US constitution. here is something that they will not teach you in this video. Where does the money come from when money is placed in a credit card account? FROM THIN AIR. Banks are creating their own proprietary, endogenous money and inundating the economy with it! There are so many dumb people out there that cannot figure out how this hurts them economically.
se7ensnakes (1 year ago)
+no one "and if they are really "making money", there is almost nothing wrong with that" So the fact that banks acquire houses for free does not raise alarms in your view?  And what about article 1 section 8 clause 5 of the us constitution?
no one (1 year ago)
the money comes from the fees(loan(s) and some other shit)that they charge, and if they are really "making money", there is almost nothing wrong with that, "money" is just something that people make up as a concept for paying, "money" in itself is nothing, cash is just a physical presentation of "money", the government print cash too, does that mean they're making money?
Subramani B (2 years ago)
great video. helped understand the concept. Thanks.
PRIVATE EYE (2 years ago)
If you barely use credit cards and write checks. You can also balance better that way. The Extra fees coming from debit usage and credit cards add up at the end of the year to a pretty fee. So, it's not nice to keep thinking credit cards or better or debit cards. Never have a need for money. Never want to much of what you can't afford and don't eat it all up in one week. Grow your money and get ahead and stay ahead only replace what you spend.
Darth Vader (2 years ago)
people already hack the shit out of our daily lives so coming out with mobile apps for anything wouldnt make a difference i see cash and coins going existent the banks would still keep resources intact digital payment is no different then wat we used over 20 30 years being cards for paying mostly everyone is on mobiles today security would advance where so a terrorist named Hades wont hack the army backed by a senator that trolled the earth making him the villain after all
pablo chapela piñeiro (2 years ago)
cuanto debo?
Wayne Bantner (2 years ago)
Could be interesting to redo with Uber example.
bill anderson (2 years ago)
Very nicely done. This goes a long way toward explaining your system to the American public.Further, it gives me the opportunity to explain why the chip and pin was never accepted in the US. That is until huge data breaches, such Target and Home Depot, created a window of opportunity for EVM to use fear, uncertainty and doubt, plus lots of PR money to proclaim that the chip and pin card would solve our data breach problems.Chip and Pin cards are a European solution looking for a US problem that doesn't exist.The reason the US banking system never adopted C&P is this:In the US, PINs used with mag-strip debit cards protect the centrally located debit account record.In Europe, PINs used with Chip & Pin cards protect the card. In the US cards are presented to the merchant at the Point of Sale. Debit card PINs must than be encrypted at the keyboard of the merchant’s card reader. The pin info is combined, by the merchant with the transactional data and sent by the merchant the same way you show for the C&P European flow. US Mobile Payments do not change that flow. The Smartphone does nothing more than holding an electronic version of card. Instead of swiping the card, the app sends the card number over a tiny NFC network. As we say in the banking business, there's nothing more to see here, move along. Under American law, credit card transactions require both a signature and a CCV2 located on the back of the card. A credit card transaction is the granting of a loan and therefore these transactions require that a human witness the signing and check the CCV2. For card not present transactions (on-line sales), the setup function is used to authenticate the card holder's identity and the CCV2 code on the back of the card validates that the card is present during the setup.Send me a note if you'd like more info on the American Payments system. [email protected]
Carl Dellar (2 years ago)
Complements to the presenter. An excellent, easy to understand, overview video of how payments that involve CC transactions, banks, merchants, and consumers work.
Deepak Kumar T (2 years ago)
something virtually imaginative simplified through this video
nilesh tayade (2 years ago)
The video is very helpful and does make you understand the payment ecosystem in a very short time.
Versé La Paciente (3 years ago)
beautiful
Vrajesh Sukhadiya (3 years ago)
Nice information provided. Thanks a lot.
vandana girija (3 years ago)
Thankyou for the information,  I need to know the difference between Smart buy and payzapp.   please let me know the same.      regards.
Telpo Android Pos (3 years ago)
Perfect Video, thanks for sharing
Nice Video!!!
vikram sumer (3 years ago)
A very nice presentation. Are you guys partnering with any channel in Canada?
Hoover Alisa (3 years ago)
Nice Talk, Thanks for ur sharing...
Prashanth Iyer (3 years ago)
Awesome! explained in a very clear and simple manner!
KOJO GRAHAM (4 years ago)
Precise and Insightful presentation. Is there a way we could discuss mobile payments implementation for a national lottery platform in Ghana.
Edhi Siswoyo (4 years ago)
terrific..thanks a lot
Victor Blaer (4 years ago)
Great explanation, one point of contention; the schemes do not take any interchange, the interchange gets passed on to the issuing bank. If I'm wrong, then pls do correct me.  http://www.mastercard.com/us/company/en/docs/Myths_and_Facts.pdf
Prashant Gupta (4 years ago)
You mentioned gateway inclusion in case of card not present transactions but I am not sure whether gateway is not involved in Card present scenario..can you clarify
dahui58 (1 year ago)
He said that the gateway is required as the network is already designed to be secure and robust for chip and pin transactions. The gateway is only needed for the CNP transactions.
Nitin Gaur (4 years ago)
nice work..... I learned a lot in 12 minutes.....
Judopay (3 months ago)
glad you enjoyed it! Thanks for the feedback

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