Launch digital wallet solution.
C-SAM, an innovator in secure mobile transactions technology offering has announced the launch of a digital wallet solution compatible with MasterPass by MasterCard. The new solution, available in all MasterPass-enabled markets, will enable financial institutions and processors to build their own wallet offering and deliver a seamless checkout experience for consumers shopping at MasterPass-enabled merchants.
C-SAM developed the solution for financial institutions and processors looking to retain control over the consumer experience, technology and data. Pre-integrated with the MasterPass APIs and based on C-SAM’s flexible Mobile Transaction Platform, the solution offers various options for customization and provides capabilities that can be integrated with existing banking and commerce applications.
“Consumers are embracing a digital lifestyle and, to meet this shift, the shopping and payment experiences needed to evolve. We are excited to see a key strategic partner like C-SAM launch a compelling wallet solution that leverages the benefits of MasterPass,” said Vibhav Prasad, Senior Vice President and Group Head, MasterPass, MasterCard. “This solution empowers financial institutions and processors to build their own wallet offering – a core element of the MasterPass value proposition – and deliver a richer, deeper, customized end user experience.”
“Our digital wallet solution powered by MasterPass considerably enhances the shopping experience for consumers using PCs, tablets or smartphones, and gives our customers a ready-to-deploy solution paired with the capability to enable their own services,” said Felix Marx, chief executive officer for C-SAM. “We look forward to continuing to work with MasterCard and their partners to offer attractive end-to-end solutions globally.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more
