Online Payment Service System for Mobile Companies in Uzbekistan

Right across the world, we observe the rapid development of information-processing systems that may displace, over time, many of the systems by which payment related information is communicated. Indeed, stored value systems, as well as credit based and deposit account based systems that communicate instructions or transfer value over open communication and computer networks, represent new techniques (based on encryption schemes) to initiate payments. These new techniques hold a great deal of promise in that they potentially offer added convenience to the consumer. This promise is qualified by the question of whether these new means of payment might add to risk in the payment system.