Card networks to co-develop single buy button for online transactions

Shiny new button may help Visa, Mastercard and AmEx fight PayPal — Bloomberg — “Visa Inc and Mastercard Inc, the world’s largest card networks, told an industry conference they will combine their Visa Checkout and Masterpass payment options into a single button. Spokesmen for American Express Co and Discover Financial Services said their firms also will join the project… The new system will rely on Visa and Mastercard’s token technology.”