Mobile commerce is electronic commerce transactions that are conducted in a wireless environment, especially via the internet. There are a huge amount of wireless devices around the world and are spreading quickly especially in China where a lot of business takes place. You need bandwidth which is the range of infrequences available in a communicators channel, stated in bits per second. They transmit text, voice, video music which WI-FI, WImax a 3G cellular technology gives you bandwidth.
Mobile commerce makes IT more convenent for customers to be able to do transactions for business no matter where they are or what time it is. Today mostly all banks give people access to online banking on your wireless devices to allow you to conduct financial transactions.
Customers use wirless electronic payment systems to purchase product services which is secure purchasing tool that authorizes payments instantley over your wireless device from your bank.
People can use micro payments which are electronic payment purchases under ten dollars. If you need to pay for parking you would just use your wireless device such as your I phone and pay the hotel for parking. People who download music, ringtones and games are leaning towards micro payments because nobody wants to pay transaction fees.
Today people can pay their bills directly from their cellphones called wireless bill payments. This securely stores your credit care number in your phone to make payments. So if you forget to pay your bills you can simply use your wireless device anywhere in the world.
Mobile commerce B2C applications lean towards retail shopping, advertising and customer service. A lot of vendors let customers shop from their I Phones or use auctions sites. A really neat feature that wireless devices provides is location-based services. It help with information to a certain location. A person can request where the closest tax office is or the closets spa or doctors are. It can warn you about accidents, traffic jams. The last m-commerce I will be talking about is location-based advertising is when marketers send adverstisng messages to wireless devides about mall, stoes and restaurants.
In today's business world technology has change incredible the way business and customers buy and sell good and services over the internet and by using their wireless devices anywhere in the world.
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