MasterCard Looks to Grease Mobile Payments
MasterCard has recently opened up its payment services to developers wishing to create online or mobile payment applications. Previously, third-parties wishing to use MasterCard's systems needed to sign a merchant's agreement. MasterCard is allowing developers to access its APIs (application programming interfaces) without signing the merchant agreement. MasterCard believes that be opening the APIs up to developers, it will spur the creation of better and easier-to-use mobile payment applications and services. The technology will allow developers to offer things such as in-game purchases, as well as more effective SMS alerts and even integration with paid services in applications such as Facebook.