MasterCard has unveiled a new MasterPass global digital payment service. The service enables consumers to look no further than their own trusted bank or credit union to make fast, simple and secure digital payments – across devices and channels – anywhere they want to shop be it online, in app and now in-store with contactless. MasterCard claimed it is the first network to deliver an omni-channel, all-digital payment service for consumers, issuers and merchants leveraging the most advanced methods of payment security available today. MasterPass is currently available at hundreds of thousands of merchants online or in-app. Consumers will now be able to use MasterPass at the more than 5 million merchant locations in 77 countries that accept contactless payments. Contactless capability will first be available to Android device owners in the U.S. The MasterPass vision is to support all forms of commerce in order to address the widest range of merchant experiences and consumer needs. MasterPass allows issuers to design and develop their own branded digital payment solution using MasterPass APIs and SDKs, while merchants can use MasterPass APIs and SDKs to enable checkout online and within mobile apps.
