MasterCard launches PayPass Wallet Services

MasterCard PayPass Wallet Services

MasterCard PayPass Wallet Services consists of three core components: PayPass Acceptance Network (PayPass online and PayPass contactless), PayPass Wallet and PayPass API (view press release). PayPass Acceptance Network provides a consistent way in which merchants can accept electronic payments across different channels, from NFC payment at the point of sale to shopping online with a computer, tablet or smartphone. PayPass online also offers a check out process without the need to enter shipping and card information with every purchase. PayPass Wallet provides a suite of digital solutions enabling banks, merchants and partners to white label their own wallets; the wallet is open so consumers can use other types of branded card with the service. PayPass API allows developers to integrate their own wallets into the PayPass Acceptance Network and utilise MasterCard’s check-out, fraud detection and authentication services. It also allows their customers to make purchases wherever PayPass is accepted.

American Airlines and Barnes and Noble will be the first partners to incorporate PayPass Online checkout into their websites; American Airlines will be the first to integrate PayPass Wallet into its mobile app. The services will be available to partners in the US, Canada, UK and Australia from Q3 of this year and will be subsequently be rolled out in other countries. Services will eventually be expanded at the point of sale to include features such as at-a-glance account information before purchase, real time spending controls and alerts and loyalty programmes including targeted offers and coupons.

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

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