News about Chris McWilton.
August 26th, 2014
Walmart MasterCard holders are to receive a replacement card “in the next few weeks” that includes an EMV chip. “Walmart has long been a proponent for EMV chip technology and installed EMV-capable terminals in stores about eight years ago,” SVP Mike Cook and MasterCard North America president Chris McWilton explain. “These terminals are now activated in more than 4,600 stores, including all Sam’s Club locations. Terminals in the remaining US stores will be activated before the end of the year.”
MasterCard fights back against new payments players with increased transaction fees for digital wallets that don’t share data
March 20th, 2013
The new fee is to be applied to “staged” digital and mobile wallets that provide a way for transactions to be charged to a customer’s credit card without any details about the purchase being passed on to the payments network. PayPal and Google Wallet as well as a number of other new market entrants are all expected to be affected but “traditional” NFC wallets will not.
May 22nd, 2012
MasterCard has proposed the formation of a cross-industry group designed to foster collaboration and alignment between all stakeholders in the coming move to EMV “chip and pin” technology in the United States. “We recognize that…
January 31st, 2012
The payments giant has set out its plans for moving the US from magnetic stripe card technology to chip cards and NFC phones. The plans include incentives for merchants, integrated customer loyalty programmes and support for dynamic authentication technologies.