News about MasterPass.
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…
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.
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.
August 27th, 2014
Financial services giant Citi has launched a digital wallet that uses MasterCard’s MasterPass technology to let US credit card holders “more quickly and conveniently make purchases at thousands of online merchants”. Customers who sign up for Citi Wallet will “no longer have to enter their credit card, billing and shipping information when making purchases,” the bank says.
May 12th, 2014
Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register. The new OTPay service can also be used to…
February 27th, 2014
Ukraine’s PrivatBank is to launch a cloud-based NFC payments service using host card emulation (HCE). The new Liqpay app will be available to customers with NFC smartphones running Android 4.4 KitKat. They will be able…
February 24th, 2014
MasterCard has agreed to acquire NFC technology provider C-Sam. “C-Sam’s on-device application and back-end infrastructure will aid development efforts to enable consumers to use MasterPass both in-store and online across multiple communications technologies, including NFC, QR, barcodes and remote checkout,” says MasterCard. C-Sam’s NFC customers include DNP, Eftpos Australia, Isis, Starhub and TrustNordics.
August 5th, 2013
MasterCard CEO Ajay Banga has suggested that NFC should be seen as a longer term effort, while acknowledging that some markets have adopted NFC much faster than others. “I don’t think these are 12 and…
February 25th, 2013
MasterPass covers in-store and online payments, supports both NFC and QR codes and enables “banks, merchants and partners” to offer their own wallets to consumers.