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Tuesday, May 8, 2012

MasterCard prepares to launch its mobile wallet in the autumn

MasterCard has announced a new digital payment service called PayPass Wallet Services. It’ll enable MasterCard’s banking partners to create their own digital wallets for online shopping - with consumers able to add any credit, debit and prepaid cards - and will also offer in-store NFC payments using compatible mobile phones. In addition, retailers will be able to include MasterCard’s check-out, fraud detection and authentication services into their own internet-connected transaction systems.

PayPass Wallet Services will be available to MasterCard partners from third quarter of 2012 in the UK, the USA, Canada and Australia. Other countries will be added in the future, along with additional services such as spending controls, loyalty schemes and targeted offers.

Ed McLaughlin, chief emerging payments officer at MasterCard, said “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.”

 

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1 comments on article "MasterCard prepares to launch its mobile wallet in the autumn"

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Philip Cohen

5/8/2012 12:33 PM

“To use PayPass Wallet, consumers will sign up and provide information for as many as 25 credit cards, including brands other than MasterCard, plus shipping information. When making an online or mobile purchase, they will be able to choose a card and a shipping destination from among the selections they've entered.”

“The wallet is open, which means that consumers can use American Express, Discover, Visa and other branded credit, debit and prepaid cards.”

Goodbye PreyPal; I can’t say it has been nice knowing you …

PS: Guys it’s not only for phones; you can still use the plastic …

eBay / PayPal / Donahoe: Dead Men Walking

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Opinion Articles

Everything Everywhere, Orange and T-Mobile: how much longer for three brands?

Mark Bridge writes:

This story starts with Mercury One2One and Orange. They were acquired by Deutsche Telekom (which changed One2One’s name to T-Mobile) and France Telecom. Next, Everything Everywhere was created to run the T-Mobile and Orange brands in the UK.

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Multiplayer Computer Games are Big Business for Small Devices

Greg Flakus of voanews.com writes:

Millions of people are addicted to playing games on mobile devices, with rivals and teammates spread around the world. A company in Austin, Texas has developed such a game, known as a mobile multiplayer online game, for the Apple iPhone and iPad, basing it on a pen-and-paper game that was popular in the 1970s called Traveller.

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Last week at The Fonecast: 30th April 2012

Mark Bridge writes:

Last week mobile phones and health were back in the headlines together, rather like love & marriage or salt and vinegar. The news is pretty much as we’ve heard before; this time it’s the UK Health Protection Agency’s independent Advisory Group on Non-Ionising Radiation telling us there’s no convincing evidence that mobile phone technologies cause adverse effects on human health – but longer-term research is still needed.

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Big headlines for Three UK... but no big changes

Mark Bridge writes:

The headlines sound pretty dramatic. “Three exits business market”. “Three parts company with Phones 4u”. It sounds like the 3G network operator is cutting back and reorganising. But let's look a little closer.

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Last week at The Fonecast: 23rd April 2012

Mark Bridge writes:

We’ve had a few sets of quarterly results in the past week. Let me summarise as best I can.

Qualcomm: doing very well, thank you.
Microsoft: pretty decent, although no-one’s talking much about phones.
Intel: not as good as before, although better than expected.
Nokia: sorry, we’ve lost a billion Euro. Well, we did warn you...

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