Technologies Used
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Our project will allow users to authorize payments by text message. This will help to eliminate unwanted late payments and generate more mobile banking usage as users will be able to setup "autopay" with different vendors, but will still be able to authorize transactions before the money leaves the account.
Comments
Dan Davis - 1570d
SMS text is not a fully secure channel, but seems like fraud would be low risk. I like the concept of a conversational approach for approval for auto payments. It does depend on users that use their phones a lot and have their phones on. If the user can't get to their phone, it takes away from this concept.
Elizabeth Hoemeke - 1570d
automatic patments, for those that don't trust, text message payments, auth pay from text, uses autopay, can config payment, timeout, $$ limits
sms when autopay is triggered, prevents overdraft as current balance is shown, default is yes no action needed, confirm autopay features, helps with fraud for unrecognized payments,
need solnfor text service
auto pay gives a discount for some companies...what happes there
overdraft should cover
Robin Ypma - 1570d