Airless Tires The Future of Cashless Economy Mobile Wallet | Page 12

This implies, with every exchange, the
user’s smartphone encodes user data,
which is taken by the terminal at time of
checkout and after that delivered to the
provider of mobile wallet, who decodes the
data, recognizes the user, and after that
sends the demand to processor the
payment, who at that point asks for the
cash from the bank.