MasterPass by MasterCard enables online merchants to accept credit card payments and simplify the credit card checkout process. MasterPass, basically an electronic purse, allows consumers to securely store their MasterCard credit or debit card (or Maestro) together with their personal shipping address information. The MasterPass digital wallet is securely managed by the consumer bank and can only be accessed by the owner. MasterPass shoppers using the 'Buy with MasterPass' checkout button on merchants' websites login to their wallet, select their preferred card and shipping address and confirm payment. The merchant receives instant payment confirmation and shipping information for delivery. MasterPass transactions, still MasterCard or Maestro card transactions, can be processed over the existing payment rails used by the merchant. However, their Payment Service Provider or Payment Gateway, and Merchant Acquirer should support MasterPass acceptance.
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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.
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MasterPass by MasterCard enables online merchants to accept credit card payments and simplify the credit card checkout process. MasterPass, basically an electronic purse, allows consumers to securely store their MasterCard credit or debit card (or Maestro) together with their personal shipping address information. The MasterPass digital wallet is securely managed by the consumer bank and can only be accessed by the owner. MasterPass shoppers using the 'Buy with MasterPass' checkout button on merchants' websites login to their wallet, select their preferred card and shipping address and confirm payment. The merchant receives instant payment confirmation and shipping information for delivery. MasterPass transactions, still MasterCard or Maestro card transactions, can be processed over the existing payment rails used by the merchant. However, their Payment Service Provider or Payment Gateway, and Merchant Acquirer should support MasterPass acceptance.
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MasterCard simplifies and speeds up online purchasing: 5,000 merchants affiliated with CartaSi have included MasterPass in their online checkout. MasterPass is MasterCard global digital payment solution for e-commerce and eliminates the need to provide payment and shipping information for each transaction thus [...] Read more
MasterCard launched its global digital wallet MasterPass in Sweden. Nordea, SEB and Swedbank are the first banks to issue MasterPass, making the digital wallet available for Swedish consumers. With MasterPass, consumers can easily store all their cards and shipping addresses digitally, making their online [...] Read more
MasterPass - the digital payment solution - is already accepted in 24 countries around the world and more recently in Germany, Belgium, Hungary and Turkey. Since its launch in February 2013, MasterPass is now accepted at over a quarter of a million retaile [...] Read more
Following this week's news of launching in Hong Kong and partnering with online payments enabler Read more
MasterCard today launched MasterPass in Hong Kong, delivering a seamless, faster and safer online shopping experience for local consumers. With MasterPass, consumers can securely store their MasterCard in one place, along with shipping and billing address.Simplif [...] Read more
BELGIUM | MasterCard and Buy Way have teamed up to enable Belgian online and mobile shoppers to use MasterPass upon checkout. MasterPass provides a simplified checkout as there is no need for shoppers to enter sensitive card or shipping details when paying for goods or services online. Buy Way MasterPass partnership Buy Way [...] Read more
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