Transaction processing system is7/30/2023 ![]() Don't remember it going wrong on him, - Transaction processing on a phone sounds neat in theory, but I think a lot of people would want to have a receipt. It seemed nuts to me because it could be anyone calling. I used to live with a roommate who was always letting the utilities go late, and he would get calls from bill collectors who would take a "phone check" from him, getting his bank account and check number from a check that he would then void, and they would process the payment that way. ![]() It's one thing if you call them, but if they call you how do you know who they are? Besides, the person calling you could just make up a number if they weren't legit. A confirmation number is nice, but it does not match a receipt if something goes wrong. In my business, we use transaction processing solutions that are set up to provide confirmation and proof of the transaction for both us and the customer.ġ5 hours - I agree with you. To me, it is risky to deal with people strictly by phone. They have the name of the person they talked to and they frequently threaten to send the bill to collections if it is not paid. There is also a scam where they call an office and nonchalantly ask for the model number or serial number of the printers or copy machines, and then send huge shipments of substandard paper and toner with a bill due on arrival. There is little in the way of a paper trail, and few of these people get caught. They frequently target elderly or other lonely people, and they take them for millions of dollars a year. ![]() As electronic devices get smaller and more powerful, I would expect to see more and more of this.ġ hours Another thing about phone processing is that it is often a tool used by con artists. ![]() This is very common in other parts of the world, with people using their phone as an "electronic wallet". There are already applications for specific stores like Chipotle and Amazon which allow you to do everything from your phone, including browse, order, and pay (with a preset secure credit card number). July 28, - Smart phones will play a huge role in transaction processing as time goes by. ![]()
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