Mastercard has this week announced its new PayPass Wallet Services, which have been designed for banks, merchants and partners to make easier for customers to make payments with the tap of a smartphone, tablet or online.
The new Mastercard payPass Wallet services will be arriving in the third quarter of 2012, starting in the US, Canada, UK and Australia. Before rolling out to other countries in the near future.
As well as the PayPass Wallet, a developer APi has also been released to allow the systems to be integrated in mobile applications and online sites. Providing links to Mastercards check-out, fraud detection and authentication services. Ed McLaughlin, chief emerging payments officer, MasterCard explains:
“Consumers are looking to pay for goods when, how and where they choose. Merchants want flexibility to easily accept digital payments so they can convert more browsers to buyers both online and in store,” “We realize that when it comes to payments, no single wallet will rule them all. PayPass Wallet Services simplifies the shopping experience while providing flexibility and choice to merchants, banks and consumers.”
For more information jump over to the Mastercard PayPass Wallet Services press release.
Source: Mastercard