Reserve Bank of Australia concerned about rising merchant costs for contactless payments

The Reserve Bank of Australia is concerned about merchants' rising costs to accept contactless payments as more consumers in the country choose to pay with smartphones, according to local media reports. And the RBA is threatening more bank regulation if...

Apple Pay Cash: A step in the right direction for mobile payments?

With its focus on premium influencers and its control over a large ecosystem, Apple is in a unique position to effect massive change where others cannot.

Stuzo, Bank of America Merchant Services seek to future-proof the retail customer experience

The two companies announced a collaborative partnership at Money20/20 to help merchants get a handle on how they can present the best customer experience going forward as consumers' behaviors and expectations continue to evolve thanks to emerging technology.

Western Union to add MasterCard Send capability to transfer fund to US debit cards

MasterCard and Western Union are working together to integrate MasterCard Send into the Western Union money transfer service, enabling Western Union to deliver funds to virtually all U.S. debit cards, according to a press release. The companies said the alliance opens a new channel for U.S.

MasterCard eyes future of retail with AR shopping experience

MasterCard has unveiled an augmented reality shopping experience that for the first time incorporates Masterpass and Identity Check Mobile with iris authentication for safe and easy payments, according to a press release. Developed with Qualcomm Technologies, a subsidiary of Qualcomm...

MasterCard partners with The Clearing House for tokenization management

The Clearing House and MasterCard are partnering to enable the former to provision and manage MasterCard-branded tokens on behalf of banks, according to a press release. The partnership with MasterCard establishes The Clearing House as one of the first MasterCard-certified...

MasterCard works with India state to advance cashless society

MasterCard is working with the state government of Andhra Pradesh, India to make this particular region of the country a cashless society and a smart city, according to local reports. MasterCard and Andhra Pradesh signed a two-year memorandum of understanding...

Playing with the 'Pays': The bank approach to mobile payments

While there are pros and cons to a bank forging its own way with mobile payments outside the Pays, industry executives on a panel last month at the Bank Customer Experience in Chicago agreed financial institutions should be aware of, and explore, all developments in the industry.

MasterCard, PayPal expand partnership outside US

MasterCard and PayPal are significantly expanding their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa that's meant to enhance customer choice, optimize the consumer experience and make MasterCard a clear payment option...

Swarovski's new VR app lets users buy goods via Masterpass checkout

MasterCard and Swarovski launched a virtual reality shopping app for the Atelier Swarovski home décor line, a collection of functional and decorative crystal home accessories. The app immerses consumers in a tastefully decorated home where they can browse and purchase...

In Depth: Payments industry was (mostly) quiet this summer

Mobile Payments Today takes a look back at the top stories from the past three months.

MasterCard helps to turn smartphones into POS terminals in Poland

MasterCard has unveiled a pilot project in Poland that enables merchants to use only an NFC-enabled smartphone to accept contactless payments, according to a press release. MasterCard is working with Elavon, Polskie ePłatności and Mobeewave on the project. Mobeewave earlier...

Another smartwatch, another 'Pay' as Garmin Pay debuts

A day after FitBit introduced a new smartwatch capable of making contactless payments, Garmin has introduced its own device with the same capability. The vivoactive 3 is a smartwatch featuring Garmin Pay, which supports Visa and MasterCard payment cards, according...

FitBit Pay arrives as 3 card networks provide support

American Express, MasterCard and Visa announced separate deals to bring contactless payments to Fitbit's new smartwatch that will feature an NFC chip. Fitbit started accepting pre-orders for the $300 Ionic on Monday. Over the past few years, each of the...

MasterCard, PayPal extend Asia-Pacific partnership

MasterCard and PayPal have announced an extension of their partnership in the Asia-Pacific region to "enhance the consumer experience" and make MasterCard a clear payment option within PayPal, according to a press release. The deal will expand PayPal's presence at...

Greece's Eurobank adds Masterpass to mobile banking app

Eurobank, one of the leading banks in Greece, recently launched a mobile wallet integrating MasterCard's Masterpass, in an effort to reduce abandonment rates in e-commerce payments, according to a press release. Eurobank said it has decided to integrate the wallet...

Masterpass speeds checkout for Costco shoppers in Canada

MasterCard today announced Masterpass will be live in the coming weeks at Costco.ca for Canadian shoppers, according to a press release. Costco's offering of Masterpass at Costco.ca follows a 2014 announcement of MasterCard as the exclusively accepted credit network at...

MasterCard puts more stock into QR code mobile payments

MasterCard has outlined plans for greater choice in retail payments through the planned expansion of its QR-based programs, according to a press release. Beginning this month, the company will broaden its products to offer QR codes that can be scanned...

TGI Fridays becomes first UK bar to implement tab feature from MasterCard and Oracle

TGI Fridays, Oracle and MasterCard have launched a mobile-payment app feature that enables consumers to set up, manage and pay bar tabs using their smartphones, according to a press release. The TGIF at Leicester Square in London will be the...

Citi Pay arrives in the US

Citi MasterCard credit customers in the U.S. can now begin using Citi Pay, the mobile tap-and-pay service the bank first announced in November. Citi Pay launched in Singapore, Australia and Mexico in 2016. Customers with an Android device will have the ability to make in-store purchases via NFC at contactless point-of-sale terminals.

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