Topic “MasterCard Worldwide”

Caps on Contactless Transactions to be Thing of the Past for European Consumers

NFC Times Exclusive Insight – With contactless card payment growing more popular in Europe and high-profile NFC mobile-payments services such as Apple Pay starting to gain a foothold there, payment schemes are preparing to significantly raise or eliminate caps on transaction value to try to encourage even more growth in contactless and NFC payments.

Visa and MasterCard Change Strategy on Tokenization Fees; Observers See Gambit to Lock in Market

NFC Times Exclusive Insight – Visa maintains that its offer to waive tokenization fees for the long term is designed to simplify the connections between thousands of card issuers and such wallet providers as Google and, perhaps later, Apple, thus driving widespread rollouts of mobile-payments services.

UPDATED: Visa, MasterCard Tout Tokenization as Android Pay Gears Up; Likely Long-Term Play for Schemes

Jun 5 2015

UPDATED: NFC Times Exclusive Insight – Relatively little noticed amid the widespread coverage of Google’s unveiling of its new Android Pay platform last week are the continued tokenization plays by major payment networks, Visa and MasterCard Worldwide, including Visa’s announcement of a new tokenization program and pricing policies, geared toward such platforms as Android Pay. 

People on the Move: MasterCard Makes Executive Changes to Mobile Team

NFC Times Exclusive – MasterCard Worldwide has named James Anderson group executive for platforms, a key position inside the payment network, which is seeking to secure its role in the ecosystem as mobile payments start to gather steam, NFC Times has learned.

MasterCard, Visa Tout Host-Card Emulation Projects, as Buzz Returns to HCE

Mar 1 2015

NFC Times Exclusive Insight – Following a lull in attention on host-card emulation with the announcement and launch of Apple Pay in the latter half of last year, the buzz appears to be back on HCE, and among the latest organizations promoting it is MasterCard Worldwide.

MasterCard, EMVCo Working on ‘Payment Identifier’ to Help Merchants Track Consumers with Tokens

NFC Times Exclusive MasterCard Worldwide and EMVCo are working on a “payment identifier” that could cover all tokens for a particular card account issued to consumers, according to the payment network.

Capital One Reveals Reasons for Quitting Isis, Early Role in Promoting HCE

Capital One Financial’s vice president of digital commerce has spelled out publicly for the first time why the large U.S. credit card issuer dropped its support for the Isis Wallet and also revealed the bank’s early role with MasterCard Worldwide in developing host-card emulation for payments.

Russia’s Largest Bank Plans to Launch HCE; Continues to Pursue Embedded Chips in Parallel

Russia’s largest bank, Sberbank, said it plans to launch NFC-mobile payments with host-card emulation this fall, the first major bank to disclose plans for an HCE launch.

Hungary's Largest Bank Plans NFC Rollout Despite Recent QR-Code Payment Launch

May 15 2014

The launch of a QR code-based mobile wallet by Hungary’s largest bank, OTP Bank, and Hungary-based mobile-payments technology supplier Cellum, along with MasterCard Worldwide, is not expected to interfere with plans by the bank to launch NFC-mobile payments later in 2014.

MasterCard Acquires Mobile Wallet Vendor C-SAM

BARCELONA, Spain– MasterCard Worldwide announced it has acquired U.S.-based mobile wallet vendor C-SAM, a company in which it had made a sizable investment in late 2012.

HEADLINE NEWS

Apple Pay Finally Enables Transit Ticketing in Beijing and Shanghai, but It May be Too Late to Turn Back QR Code-Based Wallets

NFC TIMES Exclusive Insight – After being beaten by rival handset makers Huawei, Xiaomi and even Samsung to the launch of NFC transit ticketing in China, Apple today finally began enabling riders in two major cities, Beijing and Shanghai, to tap to pay fares using closed-loop transit ticketing cards.

China UnionPay Seeks to Bolster Use of Brand for Mobile Payments Overseas; Will It Make a Difference?

NFC TIMES Exclusive Insight – China’s dominant bank card network, UnionPay, which is badly losing its battle for mobile payments market share among Chinese consumers to rivals Ant Financial and Tencent Holdings–both at home and abroad–is taking steps to try to gain some ground.

Japan Begins Overdue Move to Standard NFC Acceptance

NFC TIMES Exclusive Insight – Japan was the first country to roll out contactless-mobile payments–starting in 2004–but it still does not accept standard, internationally interoperable NFC payments to any real extent, unlike most developed markets.

Google Seeks to Sign Up More Merchants for Tez App in India as Competition Heats Up

Mar 21 2018

NFC TIMES Exclusive Insight – SINGAPORE: Google is seeking to sign up more small merchants and encourage more retail payments with its Tez mobile payments service in India, an app now mainly used for peer-to-peer funds transfers.

Apple Pay Could Get More Single-Tap Rewards in Next Few Months but Technology is Not Proving Easy to Roll Out

NFC TIMES Exclusive – Restaurant loyalty platform vendor Punchh could enable its delayed single-tap loyalty and rewards service with Apple Pay in the second quarter of this year at as many as six quick-service and fast-casual restaurant chains, the vendor told NFC Times.

Visa Sees Range of Use Cases for QR Code-Based Payments, as It Seeks to Address Threat from New Payments Players

NFC TIMES Exclusive – Visa, which last summer announced it would introduce QR code-based payments to Taiwan by the end of this year, has recently briefed Taiwanese bankers on the planned architecture, use cases and some other details of the technology, NFC Times has learned.

Russian Telco MegaFon Makes Play in Mobile Payments Market With Virtual Bank Cards

NFC TIMES Exclusive Insight – Russian telco MegaFon began issuing virtual Mastercard-branded bank cards yesterday, which its users can add to Apple Pay or Samsung Pay mobile wallets.

Google Gets Support for Its Underused Smart Tap Technology from POS Terminal Supplier Ingenico

NFC TIMES Exclusive Insight – Google has not yet given up on technology it bought from the now defunct Softcard joint venture more than three years ago to try to boost use of its rebranded NFC mobile wallet, Google Pay, formerly Android Pay.

Analysis: Google Launches Google Pay Rebrand, as It Seeks to Enable Payments Across Multiple Channels and Devices

NFC TIMES Exclusive Insight – Google began rolling out its previously-announced set of Google Pay services Tuesday in what is primarily a rebrand of Android Pay and other Google payments features. The initiative supports Google’s long-held goal of making payments seamless across its various products and access points.

Can Luxury Watchmaker TAG Heuer Sell Swiss Precision Along with NFC Payments? Its Latest Smartwatch Again Supports Android Pay

NFC TIMES Exclusive Insight – While payments wearables, in general, are taking off more slowly than expected, a number of manufacturers are incorporating the feature in their high-end watches and that includes Switzerland-based luxury watchmaker TAG Heuer.

Hong Kong Banking Group JETCO–Former Backer of NFC–Launches QR Code Payments Service

NFC TIMES Exclusive Insight – Hong Kong ATM and interbank group JETCO is the latest provider to launch a QR code-based payments service for in-store transactions in Asia, with payments coming out of the consumers’ bank accounts. But the group has few if any merchants live yet.

Vendor Hopes to ‘Flip’ Bitcoin Holders into Users of Cryptocurrency for Retail Purchases

NFC TIMES Exclusive Insight – While Bitcoin and other cryptocurrencies are mainly seen as assets for speculative investments these days rather than currencies for making payments, U.S.-based provisioning and mobile wallet platform company Fit Pay Thursday released a second announcement about its planned contactless device that would enable holders of Bitcoin to make purchases at brick-and-mortar stores.