Project Proposal

Topics: Credit card, Electronic commerce, Text messaging Pages: 2 (470 words) Published: April 10, 2013
TERM PROJECT REPORT
SUBJECT: NEXTAP WIRELESS PAYMENTS
“White Chocolate”
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1. EXECUTIVE SUMMARY

The Nextap Wireless Payments project dubbed “White Chocolate” is a mobile commerce solution that provides a comprehensive mobile payment system for commercial laundry services. It is a white label system involving three components: the White Chocolate App for Smartphones made for the paying customers, the White Chocolate Terminal for accepting the payment, and the White Chocolate Tool which manages customer accounts and provides overall business logic the entire system.

This report addresses the White Chocolate App interface and how it will coincide with the White Chocolate Payment Terminal. Some numbers to consider in the history of payment exchange alternatives.

Background: Over the last few decades new payment technologies have emerged to provide consumers a variety of alternatives to cash or paper based transactions. For example, purchasing products or services can now be conducted by way of credit or debit cards, wired, or online payments. In recent years, technology has allowed monetary exchanges via mobile handsets and the term for this activity has been coined as Mobile Commerce.

The Nextap Wireless Payments project dubbed “White Chocolate” is a mobile commerce solution that provides a comprehensive mobile payment system for commercial laundry services. is a white label system involving three components: the White Chocolate App for Smartphones made for the paying customers, the White Chocolate Terminal for accepting the payment, and the EzPay Web Tool which manages customer accounts and provides overall business logic the entire system.

Mobile Commerce can occur in a variety of forms, some examples include users viewing their banking data and transfer funds via (Short Messaging Services) SMS, purchasing products via text message codes...
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