MasterCard is launching the Mobile MasterCard PayPass User Interface Software Development Kit (UI SDK) for Android and BlackBerry OS 7 mobile operating systems (view press release). The new toolkit is designed to help issuers, mobile network operators and third party developers build new mobile applications that give consumers PayPass Tap-and-Go contactless payments via their smartphone.
Prior to the launch of the Mobile MasterCard PayPass UI SDK, highly specialised skills were required to develop applications that could interface with the NFC capabilities in smartphones such as Samsung Galaxy S3, HTC One X, Sony Xperia S and RIM BlackBerry Bold 9900.
MasterCard’s toolkit provides a number of tools to integrate Mobile MasterCard PayPass into a proximity payment mobile UI application, a mobile banking application or a mobile wallet application. The White-Label Reference UI Application allows financial institutions to create a contactless mobile application within their own branded app. MasterCard has also streamlined the UI approval process so that customers can bring a Mobile MasterCard PayPass service to market.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.
There are increasing calls for the use of open banking APIs from industry groups and even the UK Treasury. It is clear that this market shift is inevitable, but while this openness will facilitate innovation and drive competition, there is uncertainty.
The European Banking Authority (EBA) has published the long-awaited draft of the Regulatory Technical Standards (RTS) covering Secure Customer Authentication (SCA) and secure communication. Tom Hay, head of payments at Icon Solutions shares his thoughts on whether they will be effective.
In another big deal for the global payments industry this week, credit card firm Visa has inked a partnership with digital payments processor PayPal.