MasterCard Debuts MasterPass for In-App Payments
MasterCard today announced MasterPass, a new, secure way to make payments within mobile applications. Similar to the mobile payment solution recently announced by Visa, MasterCard's MasterPass stores user credit card credentials in the cloud. App developers embed MasterPass capability and consumers can then make purchases with one click. The app retrieves the customer's payment info through the cloud, which means users don't need to enter their credit card information each time they want to make a purchase from their phone. MasterCard already has several app vendors on board, including Forbes Digital Commerce, Fat Zebra, MLB Advanced Media, NoQ, and Starbucks Australia. MasterCard said MasterPass will be made available to developers and merchants beginning in the second quarter of the year.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Microsoft Wallet Gains Tap-to-Pay Functionality
Microsoft today updated its Microsoft Wallet app and gave Lumia smartphone owners the ability to make mobile payments at supporting retailers. Windows Mobile has long included a Wallet app, but until today it was reserved for loyalty cards and other retail programs.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
Visa to Put a Credit Card in Everything
Visa today announced Visa Cloud Payment Solutions, a tool that device makers can use to add mobile payments capabilities to their hardware. Visa claims the Cloud Payment Solution will reduce fraud because it replaces the standard 16-digit credit card number with a digital token.