Mobile Payments
/ˈmoʊbəl ˈpeɪmənts/
Definitions
- (n.) Transactions conducted using mobile devices to transfer funds or make purchases.
The company adopted mobile payments to facilitate seamless customer checkouts.
- (n.) A financial service regulated under electronic funds transfer laws enabling payments via mobile platforms.
Mobile payments are subject to regulations under the Electronic Fund Transfer Act.
Forms
- mobile payments
- mobile payment
Related terms
See also
Commentary
Legal definitions often hinge on regulatory frameworks such as consumer protection and electronic transaction laws, highlighting the need for precise terminology in contracts and compliance documents.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.