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MasterCard gaining ground on Visa in the Americas
Visa and MasterCard account for 69% of the 2.9 billion payment cards issued in the nine countries in the Americas, and this share continues to increase. RBR’s study reveals that although Visa is the largest card scheme in the Americas, MasterCard gained ground in 2014 with an increase of 1.3 percentage points, compared to Visa’s [...]
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MasterCard develops tech spec for mobile loyalty
MasterCard is to develop a standard technical specification to simplify the integration of retailer mobile loyalty programmes with bank-issued mobile payments apps. While online redemption of offers is commonplace for consumers, the industry is just starting to deliver the same functionality at point-of-sale checkout via a mobile app. MasterCard says its loyalty middleware specification enables mobile [...]
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MasterCard tokenize MasterPass
MasterCard has announced it will integrate a fully tokenized checkout experience within MasterPass, leveraging the MasterCard Digital Enablement Service (MDES), giving consumers the freedom to shop more securely online or in-app from any connected device. At the request of Issuers enabling MasterPass for their customers, MasterCard will replace the personal account numbers (PAN) for consumer credit, [...]
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Samsung Pay: interview with EVP Injong Rhee
There has been a lot of enthusiasm for Samsung’s mobile wallet, Samsung Pay, and the ways in which it differs from other mobile payment systems. Samsung Pay launched in Korea last month, and the mobile payment solution has already proven its biggest advantage is its nearly universal merchant acceptance with both of NFC and MST(Magnetic [...]
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UK spend limit on contactless cards lifted
UK consumers will now be able to spend up to £30 using contactless cards after the limit was increased. The limit per transaction for contactless cards, which do not require a PIN or a signature to authorise payment, was previously £20. The move follows a huge rise in the number of people using contactless cards in [...]
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