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MasterCard

News stories featuring MasterCard:

Fibank to launch HCE mobile payments

February 27th, 2015

Bulgaria’s First Investment Bank is joining forces with MeaWallet to provide the bank’s customers with a mobile payments service which uses cloud-based security and host card emulation (HCE) technology. The service will work at all outlets that accept MasterCard PayPass and Visa PayWave payments and is due to launch later this year.

MasterCard reports on HCE payments tests in 15 countries

February 25th, 2015

MasterCard is currently conducting more than 25 host card emulation (HCE) projects in 15 countries, the payments network has announced, with multiple issuers now moving close to commercial deployments. “In offering an alternative to the… More

Berg Insight reports on NFC POS terminal growth

February 24th, 2015

An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a… More

Google exits Kenyan payments venture

February 16th, 2015

BebaPay, a payment card launched by Google and Equity Bank in Kenya in 2013 that let users pay for their bus fare via NFC, is to be discontinued on March 15. “You can either replace your card with the new Equity prepaid MasterCard for free, finish your card balance by 15 March or get a refund after 28 March,” AllAfrica reports.

First Tech to run biometric triple test

February 13th, 2015

First Tech Federal Credit Union is to run a pilot later this year in partnership with MasterCard that will see cardholders being given the ability to authenticate and verify their transactions using a combination of face, voice and fingerprint verification. The pilot forms part of a new US$20m investment by MasterCard in cybersecurity-related technologies that aim to “deliver greater peace of mind for MasterCard cardholders, merchants and issuing banks.”

Apple Pay now live at more than 60 banks

February 5th, 2015

Apple has added more than a dozen new banks to its list of institutions that now support Apple Pay, bringing the total count to more than 60, 9to5mac reports. MasterCard has also announced that cardholders with a consumer credit or debit card from Becu, Fifth Third, First Niagara and Huntington National Bank can now add their cards to the payment service.

MasterCard moves towards MasterPass tokenization

February 3rd, 2015

MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on… More

St Petersburg Metro to go contactless

February 3rd, 2015

Commuters in St Petersburg, Russia will soon be able to pay their metro fares by tapping either a contactless card or an NFC device at turnstiles equipped with MasterPass technology. The service is to be rolled out through a partnership between MasterCard, the city’s administration, St Petersburg Metro and Bank Saint Petersburg.

Apple CEO says 2015 will be the “year of Apple Pay”

January 28th, 2015

Apple Pay now accounts for more than two-thirds of Visa, MasterCard and American Express contactless payments by value across the US, Apple CEO Tim Cook has revealed during a first quarter earnings call. Some 750… More

Taiwanese banks to use Wave NFC dongle

January 23rd, 2015

Taiwan Mobile Payment Co (TWMP), the consortium of regional banks bringing NFC payments to market in Taiwan, is to use Oti Wave, the NFC payment dongle developed by On Track Innovations. TWMP was formed in July 2014 by three Taiwanese banking groups and has since signed up 27 banks to use its NFC hub to connect with local carriers. Oti Wave, unveiled in 2012, is certified by Visa and MasterCard, and has also been adopted by Hong Kong ATM network JetCo. The device has also been tested by a major US bank.

MasterCard partners with Masabi

January 15th, 2015

MasterCard has announced a global partnership that will combine its payment technology with Masabi’s JustRide mobile ticketing platform. “The first city to benefit from this alliance will be Athens, where passengers of the Greek capital’s transit systems are now able to use an innovative mobile solution to pay their fare,” MasterCard says. Masabi is active in a number of cities including New York, London and San Diego.

Edenred pilots NFC payments

January 15th, 2015

Meal voucher provider Edenred France is piloting NFC payments with Orange and MasterCard to let users pay for meals with their smartphones in restaurants affiliated to Ticket Restaurant and equipped with a contactless terminal. “We will make this new service available to our clients as soon as possible in view of the progress that mobile payments are making in France,” says Edenred’s Laurent Delmas.

The future of mobile payments at CES: Video now available

January 12th, 2015

The key to mass market adoption of mobile payments will be the creation of a compelling consumer experience that incorporates both payments and value added services, the Future of Mobile Payments session at the International CES 2015, chaired by NFC World’s Sarah Clark, has found. More

BMW offers contactless credit card that can unlock and start hire cars

January 7th, 2015

BMW has partnered with MasterCard to offer an NFC-enabled contactless credit card that makes it possible to hire, unlock and operate a BMW or Mini from a car rental fleet that has more than 2,800 vehicles… More

RBC adds HCE to mobile payments app

December 19th, 2014

Royal Bank of Canada (RBC) has added support for host card emulation (HCE) to its RBC mobile app, “allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile… More

NFC World’s Sarah Clark to chair mobile payments session at CES 2015

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… More

MasterCard to offer interactive payment cards to its issuers around the world

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. More

MasterCard takes HCE to China

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.

Credit unions to adopt Apple Pay

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.

Ugo launches open NFC payments and rewards wallet in Canada

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… More

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