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MasterCard launches PayPass Wallet Services for mobile, online purchases

News by Michael Oryl on Monday May 07, 2012.

ctia 2012 · software news · michael oryl

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Today at CTIA 2012 in New Orleans, MasterCard announced its new PayPass Wallet Services, which acts an an appropriate follow-up to last week's announcement of its PayPass Ready certification for mobile devices that support NFC(INFO) wireless payments.

MasterCard's new wallet services can be used from personal computers or compatible smartphones to make it easier to complete purchases from both home and while on the road. Websites that support the new PayPass Wallet function will allow users to complete a purchase with a simple tap on the website's PayPass button. Desktop and mobile users alike will be spared from entering credit card numbers and dates, and won't have to type in billing addresses and related information.

The PayPass Wallet application can also be used for contactless payments from compatible smartphone devices. Users would then merely need to tap their PayPass Ready NFC(INFO) phone onto the PayPass point of sale terminal to complete purchases in retail stores.

In addition to the new consumer applications, MasterCard also unveiled the PayPass API. The PayPass API will allow third party wallet systems to interact with the PayPass Wallet services, giving them access to PayPass Wallet websites and retail locations.

MasterCard says that American Airlines and Barnes & Noble are among the first companies to implement PayPass Wallet on their websites. MasterCard expects more sites to join its network in the coming months.

PayPass Wallet Services will initially be available in the U.S., UK, Australia, and Canada in the third quarter of 2012 with other markets following later. PayPass Wallet support for retail point of sale terminals will be made available "over time," says the company, to offer a full end-to-end shopping experience to consumers.

source: MasterCard

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Michael Oryl
Michael is the Philadelphia based owner and former editor-in-chief of MobileBurn.com. You can follow him on Twitter as @MichaelOryl

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