Mobile Banking Applications: Implementing WAP Billing


The wireless application protocol, commonly known as WAP, is a free, worldwide standard that allows mobile tools such as smartphones, iPhones, and laptops to gain Internet connection while becoming compatible with large carriers. The ability to authorize transactions allows WAP to override the recent implementation of mobile banking applications via two-way messaging (SMS).

The WAP billing process works through WML (Wireless Markup Language), an HTML customization for building wireless applications through third-party platforms. In the standard WAP billing process, data packets connected to wireless devices travel over wireless networks in WML configurations to the WAP gateway / server. The most important part of the data becomes configured and transferred to a more common HTML server that supports HTML. The functionality of this procedure is only possible if HTML packages successfully travel through the WAP gateway / server, en route to the wireless device.

The WAP solutions described are usually in two parts:
1) WAP server that distributes information and applications and
2) WAP gateway that controls access

The success of these projects is based on business models involving banks / operators. Currently, WAP banking systems use closed-end models that allow WAP servers and gateways to reside at a network location. This allows banks to control their information and gives access to mobile banking applications and operators. Unfortunately, the above closed models come equipped with a security flaw that protects vital information through "clear text" over the gateway. On the other hand, open model solutions equipped with gateways and server situations programmed into banks & # 39; secured intranet will counter all threats, while closed models allow for sale at no heavy installation cost to banks.

Let’s face it, in most cases, clients need to take the initiative for their banking needs such as going to an ATM, making a deposit or transfer payment, or calling a call center with their awesome automated customer service systems. These are channels that require you, the customer, to take the initiative. Whether it's running, walking, or waiting, any delay can make managing our finances problematic. However, if we take advantage of the fact that today there are more than four times the amount of phones on the market (smartphones, iPhones, etc.) as many PCs are in circulation, our lives could be less troublesome. With mobile banking and WAP billing applications used by major banks around the world, banking can be done with less hassle, more convenience and more security.