News stories featuring MasterCard:
June 29th, 2015
Barclaycard has unveiled a second generation of its bPay wristbands and is to add contactless-enabled keyfobs and stickers to the range of bPay devices that will be made available for purchase on 1 July.
June 23rd, 2015
The Ukrainian capital of Kiev has become the fifth city in the world, after London, St Petersburg, Chicago and Bucharest, to allow fares to be paid with open loop contactless cards. Transport operator Kyivsky Metropoliten has installed contactless turnstiles equipped with MasterCard PayPass technology in 17 stations across the subway in partnership with Oshchadbank.
June 18th, 2015
Visitors to Chile’s National, Estadio Monumental David Arellano and La Portada stadiums during the Copa America football tournament this month will be the first in Latin America to place orders and pay for food with their mobile phones using MasterCard’s Qkr! app. The service was introduced in Australia in 2012 and made available in UK restaurant chain Wagamama earlier this year.
June 17th, 2015
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile…
June 16th, 2015
MasterCard is to extend its tokenization services to merchants with in-app, ecommerce and recurring billing card-on-file programs as well as to private label credit cards. The move follows the expansion of Apple Pay to include store-branded debit, credit and loyalty cards. The tokenization services will be available to US and Canadian merchants later this year and will expand across all MasterCard Digital Enablement Service (MDES) markets.
June 10th, 2015
Financial products and services provider The Bancorp will offer open loop mobile prepaid cards that make use of host card emulation (HCE) to its European issuers in the fourth quarter of this year, through a…
June 10th, 2015
Customers who choose to use Apple Pay when the service launches in the UK will be able to use the mobile payments service to make transactions over the current contactless limit of £20 (US$30) at…
June 9th, 2015
MasterCard has confirmed its role in the UK launch of Apple Pay later this year following comments it made last week that it was ready to switch on the mobile payments service in Europe. “With this clear shift in payment preference so strongly embedded, we are excited that MasterCard cardholders will soon be able to make payments from some of their Apple devices,” says MasterCard’s Mark Barnett.
June 9th, 2015
National Bank of Oman (NBO) has become the first in the country to launch a contactless card pilot, in partnership with MasterCard. “The new scheme will allow customers to make payments for small ticket items at the checkout without the need to enter a PIN or sign a receipt,” Times of Oman reports. “The cards, using ‘TapNGo’ technology, are identified as NBO Beam cards.”
June 8th, 2015
Visa Europe has confirmed that it will play a part in the the UK launch of Apple Pay and will give debit, credit and reloadable prepaid cardholders access to the payment system. “Visa Europe would like to confirm that it is part of the Apple Pay launch in the UK coming at the beginning of July,” the payment network says. “Further details and information will be shared shortly.” MasterCard revealed last week that it was ready to switch on Apple Pay in Europe.
June 8th, 2015
Google won’t earn any transaction fees from credit card issuers for Android Pay, unlike Apple which receives 0.15% of the value of each credit card transaction made with Apple Pay, sources have told The Wall Street Journal.“That is because Visa and MasterCard recently standardised their tokenization card-security service and made it free, preventing payments services from charging fees to issuers,” the newspaper reports.
June 5th, 2015
“From the beginning of next year, any new payment terminal that gets deployed has to accept contactless,” MasterCard’s head of emerging payments products Mike Cowan told attendees at the company’s Future of Payments event in London this week, TechWeek Europe reports. “By 2020, every single terminal will accept contactless,” Cowan adds.
June 4th, 2015
MasterCard is “absolutely ready” to switch on Apple Pay in the UK and Europe and is just waiting for the iPhone maker’s green light. “That’s one of the advantages of doing this on a global platform,” the payment network said during a press briefing covered by International Business Times. “It’s there, it’s switched on, we just have to connect the services at the back end. It takes a couple of days.”
June 4th, 2015
Russia’s Gazprombank and MasterCard are piloting NFC mobile and contactless card payments for transit fares using PayPass terminals across the K-39 bus route in St Petersburg. “Residents and guests will be able to quickly, easily and securely pay for their fare by bank cards and others devices; mobile phones, watches, key chains, stickers etc,” MasterCard says.
June 2nd, 2015
Google has demonstrated how its Android Pay mobile payments service will work for making in-store and in-app purchases, for payments made through a banking partner mobile app, and how users will be able to pay for items such as a Coca-Cola from a vending machine using just the points stored in a customer loyalty account.
May 28th, 2015
Google is to introduce a new NFC mobile payments platform called Android Pay with the release of Android M later this year, vice president of engineering Dave Burke has revealed during the Google I/O 2015 keynote.
May 26th, 2015
Denmark’s Danske Bank has become the latest financial institution to pilot a contactless biometric card developed by Norway-based Zwipe that features an integrated fingerprint sensor and has received the backing of MasterCard. “We’re working on this as one of our pilot projects,” Danske Bank told NFC World. “We are not ready to disclose any further [information] at this time.”
May 20th, 2015
MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account. “Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, located domestically or abroad,” the company says. “This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts and via cash agent outlets.”
May 8th, 2015
PARTNER NEWS: Transaction technology provider Carta Worldwide has hired Elizabeth “Buffy” Duke as its vice president of business development. Duke’s 25 year career has included senior positions at MasterCard, C-Sam and Network for Electronic Transfers…
May 5th, 2015
O2, one of the three UK mobile network operators that formed the mobile commerce joint venture Weve three years ago, has bought out partners EE and Vodafone to operate the brand as a wholly-owned subsidiary — and…
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