When you make a purchase online, as an end consumer you see the transaction fail or pass. But behind the scenes is a detailed process flow taking place to ensure your information is securely passed to the relevant parties in order to assess your purchase.
In this video Dennis Jones, CEO of judo, explains the players involved in mobile payments. He uses a customer transaction and walks you through all the possible scenarios.
If you are a business looking to integrate mobile payments or you are simply interested in this industry, this video will help you understand payments and the pricing models by businesses.