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MasterCard Enhances Mobile Payment Platform

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Feb 25, 2013, 2:20 AM by Rich Brome @richbrome

MasterCard today announced MasterPass, an evolution of its PayPass mobile payments system. The new service encompasses NFC, QR codes, and online payments. It includes a complete solution for merchants for accepting payments and offering integrated loyalty programs. A component for banks allows them to roll out branded mobile wallets, including support for cards other than MasterCard. The service will roll out first in Australia and Canada next month, followed by the U.S. in the Spring, followed by other countries.

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