Mobile Payment Solution - Symbiosis Between Banks, Application Service Providers and Mobile NetworkOperators

This paper deals with one possible solution of integrating banks, application service providers and mobile network operators in order to provide end-to-end mobile payment solution to their common users. This solution, implemented by Mobile Telephony of Serbia (further mt:s) has three main parts: core of mobile payment system, interface to application service providers on one side, and interfaces to the banks on the other side. There are different channels for users to access mobile payment system: SMS, Internet, applications integrated in mobile POS terminals, but all the applications have common, unified interface to the core of the system. There are two different interfaces for communicating with banks: ISO 8583 and WEB service interface, but modular structure of the system allows additional interfaces to be added. Prerequisite for using this kind of solution is that user has to be registered for using mobile payment services.