The fintech firm Digital
Global Pass offers two payment services. These are called SMS+ and
Internet+ and they allow you to purchase multimedia contents. How do they
process transactions?
The solutions operate via the Payforit protocol. This is a set of pre-defined regulations for
charging products to a phone bill and it is only accessible to content
providers that meet the requirements of several sets of heavily regulated
scheme rules. These are regularly updated based on expert advice. This concept
has been designed to make sure that payments are processed in a safe and
controlled manner.
The Payforit protocol enables a technology called Header
Enrichment. This means that when a device is connected to a 3G and 4G
network, your mobile carrier is going to ‘enrich’ its request. At the same time,
it will securely and anonymously authenticate your identity. Thus, you will not
have to manually enter your phone number, which makes the process more
seamless. It also reduces the possibility of mistakes happening. The price of
products will be added to your mobile account.
Additionally, you will have to validate the payment before
being billed for it. This means that you do not have to worry about anything
when you pay online.
Payforit
caters to the Header Enrichment technology
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