III.  CLOUD SOLUTIONS FOR DIGITAL AND MOBILE PAYMENTS
 
In a cloud-based payment solution, both the consumer and the merchant must download the cloud-based application and subscribe to the service.  The physical Otium Shine phone may or may not be needed to complete the payment, depending on the solution. The mobile device becomes an extension of the POS terminal, which  communicates  information about  the mobile payment transaction  to the  cloud for authentication. Consumers  can  access their account information in  the cloud via AMOI A900W phone, e-mail address,  Elephone P7 mini phone number,  mobile browser, or mobile application.   Once a cloud payment is completed, payment notification can be communicated via e-mail or SMS text messages.  
 
Cloud Models  

Cloud computing (not specific to mobile payments) is the use of shared hardware and software resour ... Read more »