News stories featuring MasterCard:
December 15th, 2014
The editor of NFC World+ will be at the International CES in Las Vegas from 4-9 January to chair the future of mobile payments conference session and meet up with readers to discuss the latest…
December 9th, 2014
Interactive payment card developer Dynamics has signed a deal with MasterCard that will see the payments network offering the startup’s technology to its issuers around the world. MasterCard has also participated in Dynamics’ US$70m Series C funding round along with Canada’s CIBC and existing investors.
December 5th, 2014
MasterCard’s cloud-based payment service is now available in China, following its initial launch in the US in September 2014. The service makes use of the MasterCard Digital Enablement Service (MDES) tokenization system, the MasterPass digital wallet platform and host card emulation (HCE) technology. The launch will enable Chinese card issuers “to provide additional payment options by simplifying the deployment of NFC technologies and making in-app and online payments easier to set up and complete,” says MasterCard’s Dennis Chang.
December 2nd, 2014
A number of US credit unions are actively working towards adopting Apple Pay NFC payments, credit union technology provider Co-op Financial Services has revealed. The company says it is now a Visa “engaged issuer processor”, making it authorised to service the enrolment of credit unions in the mobile payment offering, and “already has credit unions in the implementation validation process at Visa and MasterCard” with several now in the final stages of testing.
November 25th, 2014
Ugo, an open NFC mobile wallet developed by Canadian banks President’s Choice Financial and TD Bank Group, is now available to customers of all three major Canadian carriers who own one of a range of…
November 18th, 2014
Oberthur Technologies (OT) has teamed up with NFC mPOS services provider Mobeewave for Flying mPOS, a solution that will enable NFC devices equipped with Oberthur’s Pearl embedded secure element to be used as a mobile POS terminal — without the need for a separate dongle or other add-on. “The commercial product will receive all Visa and MasterCard approval,” Mobeewave’s Vincent Alimi has told NFC World+.
November 17th, 2014
EcoCash, Africa’s second largest mobile money provider with 3.7m users, is to offer customers in Zimbawe a MasterCard debit card linked to their EcoCash wallet. This will enable them to use the funds in their…
November 13th, 2014
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range…
November 12th, 2014
PARTNER NEWS: Host card emulation (HCE) specialist SimplyTapp has closed a US$6m Series B funding round. The round was led by a new, undisclosed lead investor with both Lightspeed Venture Partners and Blue Sky Capital…
November 4th, 2014
Almost 30% of all card-present transactions conducted globally between July 2013 and June 2014 used the EMV chip card standard, EMVCo has revealed, with the highest usage in Western Europe and the lowest in the…
November 4th, 2014
The full 19-page contract that banks wishing to offer Apple Pay to their cardholders must sign in order to take part has been leaked to Digital Transactions. Among the fees and obligations set out in the contract banks agree to make at least 95% of their network-branded cards available to the wallet, to submit in-depth accounting reports twice a year and to pay a 0.15% commission to Apple. The contract also reveals that fees due to Apple will be collected on the iPhone maker’s behalf by Visa and MasterCard.
November 3rd, 2014
Royal Bank of Canada (RBC), MasterCard and other Canadian issuing banks have begun pilot testing an NFC version of Nymi, a biometrically authenticated wristband that uses the wearer’s unique cardiac rhythm to verify their identity.
October 28th, 2014
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.
October 20th, 2014
MasterCard has partnered with Zwipe, maker of a contactless payment card that includes an integrated fingerprint biometric sensor, for the commercial launch of the technology following a pilot with Norway’s Sparebanken DIN.
October 6th, 2014
Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available…
October 2nd, 2014
Subscribers to Chunghwa Telecom with accounts at any of four Taiwanese banks will be able to download a virtual version of their credit card to their SIM card and use it to make NFC payments…
September 24th, 2014
“One of the largest financial institutions in North America” is conducting an NFC mobile payments pilot that uses the Wave NFC device developed by On Track Innovations (OTI) in combination with provisioning and mobile wallet technology provided by ABnote. Wave is certified by both Visa and MasterCard and has also been selected by Hong Kong’s Joint Electronic Teller Services (Jetco) for an NFC payments service it is to offer consumers via its 30 member banks.
September 11th, 2014
An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional…
September 10th, 2014
“We are in discussions with Apple to add Discover cards to Apple Pay in the future,” a representative of the US payment network has revealed on Twitter. Visa, MasterCard and American Express have already signed up to enable mobile payments on Apple’s new NFC devices.
September 10th, 2014
European merchants who accept either MasterCard or Maestro will be required to switch to contactless POS terminals by 1 January 2020, “ensuring that consumers will be able to pay with their contactless cards and NFC enabled devices at all point-of-sale (POS) terminals”, the payment network has announced. “New POS terminals must adhere to the new standard upon deployment as from 1 January 2016,” MasterCard adds.
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