MasterCard gives new push to mobile efforts

The new service, which is called MasterPass, as “an evolution” of its previous PayPass Wallet Services,

which it launched in Spring last year. MasterCard announced that two vendors, mFoundry and Verifone, are backing the new service by offering it to their customers. institutions involved.

Separate to its previous PayPass Wallet initiative, MasterCard has also worked with individual mobile

operators on NFC-based mobile payment, including Deutsche

Telekom with which it is launching mobile payments in a number of European markets.

MasterPass enables merchants to support in-store checkout services based on a variety of technologies

including NFC, QR codes, tags and mobile devices.

Source : GSMA, MWC 2013