News stories featuring MasterCard:
May 27th, 2016
One in four British consumers intend to use their mobile phone to make NFC-based mobile payments in the next 12 months, according to research from MasterCard. One in 20 are already making NFC mobile payments once…
May 26th, 2016
MasterCard is working with other payment networks, acquirers and processors to develop a standard that will reduce EMV checkout times. “These efforts will be based on the company’s M/Chip Fast solution,” MasterCard says. “It builds on the principles of contactless or tap and go technology, helping to speed EMV transactions and shoppers through checkout lines. Testing and certification for M/Chip Fast is streamlined for efficient adoption.” The company unveiled M/Chip Fast in April 2016.
May 25th, 2016
Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major…
May 24th, 2016
Customers at Pizza Hut locations in Asia will soon be able to place orders, receive offers and complete payments on a tablet held by Pepper, a humanoid robot developed by SoftBank Robotics. The transactions will be completed through MasterCard’s MasterPass digital wallet service.
May 23rd, 2016
German payments technology provider Wirecard is supporting the launch of Curve, a physical payment card that will let consumers store an unlimited number of bank cards and make contactless payments at POS terminals where MasterCard is accepted. “The card and smartphone app solution is supported by Wirecard’s technology, ensuring global usage of the Curve card,” Wirecard says. “Curve is initially providing the card to small business users.”
May 18th, 2016
Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says.
May 17th, 2016
Australian banks ANZ and Westpac are completing plans to launch Android Pay in the country “mid this calendar year”, according to The Sydney Morning Herald. “ANZ and Westpac, including its subsidiaries St George, Bank of Melbourne and Bank of South Australia, will join Bendigo and Adelaide Bank, ING Direct, Macquarie Bank and Cuscal as the first to offer Visa, MasterCard and Eftpos on Android Pay,” the publication says. Google announced its plans for an Australian launch of Android Pay in December 2015.
May 10th, 2016
TD Bank and Scotiabank will soon support Apple Pay in Canada, following the announcement that MasterCard, Visa, Interac and five other banks have also added their support to the mobile payment service. Apple Pay launched in Canada with the support of American Express alone in November 2015.
May 10th, 2016
Canadian consumers can now add their MasterCard and Visa credit cards as well as their Interac debit cards to Apple Pay after the mobile payments service launched in the country with support from American Express alone in November 2015. Five banks have also announced their support for Apple Pay, including two of the country’s largest — Royal Bank of Canada and BMO Financial Group.
May 3rd, 2016
Apple Pay will be expanding to Visa and MasterCard in Canada by May 10, “barring any unforeseen circumstances,” iPhone in Canada reports. “As for Canadian bank support, we’re told at least two of the Big 5 banks will support Apple Pay,” the publication adds. Apple Pay went live in Canada for American Express cardholders in November 2015.
April 28th, 2016
MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout. “A shopper inserts his or her card into an M/Chip Fast-enabled terminal,” the company explains. “M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader.” The announcement follows the unveiling of Visa’s Quick Chip for EMV service.
April 26th, 2016
PARTNER NEWS: Prepaid card processor Tutuka has begun the implementation of digital payment solutions provider Proxama’s Digital Enablement Platform (DEP) for a fully independent cloud-based payment (CBP) solution in the Middle East, Asia and Africa. “Proxama will…
April 21st, 2016
Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied…
April 20th, 2016
Russian online payment service Yandex.Money has added NFC to its Android mobile app so that users can make mobile payments by tapping their smartphone on contactless terminals. “To enable NFC payments, users can simply update the Yandex.Money app on their phones,” the company says. “A virtual MasterCard will be issued to their account automatically — its balance is the balance of the user’s Yandex.Money e-wallet.”
April 20th, 2016
Samsung Pay will launch in Singapore in the second quarter of this year, the company has announced, adding it to South Korea, the US and China on the list of Samsung’s “priority markets”. The service will launch…
April 11th, 2016
More than a third (38%) of all payments made across Europe will be digital by 2020, MasterCard predicts. The payment network’s MasterCard Digital Enablement Service (MDES) is now in progress in 18 European countries and already connects banks representing more than 70% of UK account holders to Apple Pay, the company adds.
April 11th, 2016
Customers of Priorbank in Belarus can now make mobile payments using a new HCE service that supports MasterCard and will be extended to include Visa cards later this year. “The bank plans to implement the mobile issuing service for both debit and credit cards,” says technology provider OpenWay. “Each transaction over 200,000 Belarusian rubles (about US$10) is confirmed by PIN.”
April 5th, 2016
MasterCard is working on more than 60 projects involving its MDES tokenization platform in Europe, the payments network has revealed. “Today card issuers and wallet service providers have MDES projects in progress in 18 countries across Europe,” MasterCard says, and the service is currently being used to connect banks “representing more than 70% of UK account holders” to Apple Pay.
April 5th, 2016
MasterCard’s Identity Check service, which lets consumers authenticate payments by taking a picture of themselves using their smartphone, has “gone like wildfire in the trials that we’ve done in the Netherlands and the US”, Ann Cairns, the payments network’s president for international markets, has revealed during a keynote at Money20/20 Europe in Copenhagen. “People love taking selfies so they see it as a fun thing rather than ‘Oh my goodness, I’ve got to put my PIN number in, I’ve got to remember by password’.”
March 24th, 2016
Canadian financial services provider BMO Financial Group is to enable its customers to use MasterCard’s Identity Check mobile app to verify their online transactions via face recognition and fingerprint biometrics. In the first phase of the…
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