The mobile phone, which
began as a wireless voice oriented communication
device, has now evolved into a multi-functional
device which not only allows messaging
but has multi-media functions to play
music and display images.
Meanwhile, payment methods are continuing
to develop as consumers demand greater
security and convenience, with movement
from cash to checks and credit cards
and eventually to security-enhanced
IC cards.
The convergence of mobile telecommunications
and payment technology has produced
the mobile wallet which allows users
to store payment information in their
mobile phones and use the wireless communication
system to make payments. But until now,
mobile wallets relied on on-line
telecommunication systems that limited
them to settlement of fixed-wired and
wireless electronic transactions. Furthermore,
the payment process was further constrained
by complicated procedures and additional
charges each time a consumer used the
mobile phone to make a payment.
However, Harex Infotech¡¯s
ZOOP is a powerful solution based on
the synergy effect of converging
proximity communication functions with
a mobile wallet.
First, it allows wireless operators
to not only issue digital cards but
to immediately disable the payment function
of stolen or lost mobile phones, and
makes it easier to keep track of users
who have defaulted on payment and simplifies
re-issuance procedures while creating
a digital card that is constantly linked
to the credit card company.
Second, it can relay personal payment
information thru long distance Ir(Infrared) communication over a distance sufficient
to make payments in such places as tollgates.
In addition, two-way communication makes
it possible to carry out various transactions
necessary in everyday life such as digitally
downloading tickets and coupons, which
are then used via proximity communication such as RF or Ir or fixed-wired
and wireless Internet.
As such, information necessary to issue
or cancel cards, disabling of stolen
or lost cards, as well as for users
who have defaulted on payment, can be
carried out on a mobile phone without
having to be linked to a credit card
company¡¯s database. Furthermore, the
addition of proximity payment via proximity communication
has made it possible for consumers to
use their mobile phones to make payments
which until now were only possible with
real-world cash or credit cards.
ZOOP is a new service that stores all
types of personal payment information,
such as credit cards, pre-paid cards,
debit cards, department store credit
cards, bonus cards, transportation payment
cards, gift certificates, coupons/tickets
and even your personal identification
cards and security access card in a
mobile phone¡¯s memory or a chip, in
effect, allowing one to settle all payments
with a single mobile phone as well as
provide proof of identity, making wallets
obsolete.
Since ZOOP is a digital card that can
be wirelessly issued, disabled and reissued,
it is safe even when lost, and real-time
management of the customers¡¯ cards by
the issuer can be carried out.
ZOOP is much like a TV remote control
and with a press of a button can relay
information via infrared up to a distance
of 1-5 meters to make payments, making
them ideal for making payments at tollgates
and parking lots. Even at a drive-thru,
all that is required is to point the
mobile phone in the appropriate direction
without rolling down the window.
ZOOP offers a wide variety of additional
services such as providing digital receipts
and digital coupons through RF or
infrared communication system.
ZOOP is a universal payment service
that makes payment possible from any
location, in any environment at all
times.
