Blog

MasterCard reveals new mobile payments platform

February 28, 2013

At the 2013 Mobile World Congress, MasterCard revealed its plan for MasterPass, a tool that promises to revolutionize the way consumers make purchases.

A recent announcement from MasterCard held the promise of new options in the realm of mobile credit card processing solutions. At the 2013 Mobile World Congress, the corporation revealed its plan for MasterPass, a tool that promises to revolutionize the way consumers make purchases.

With the MasterPass mobile credit card processing platform, customers will no longer have to make their way to the register to check out: with the help of VeriFone, the tool enables purchases from anywhere in the store.

“As you move into a world beyond cash, you move beyond plastic. Not necessarily without it, but beyond,” Ed McLaughlin, MasterCard’s chief emerging payments officer told Wired Magazine.

According to Wired, with MasterPass consumers will be able to use their smartphones to take pictures of a QR code to be ported directly to a purchase website. Before leaving the store, they will show an employee their digital receipt to confirm payment. Wired also noted that users will be able to use the program to order items in another size or color and have them shipped to their home. 

This new mobile credit card processing option will be available in the United States later this spring, according to MasterCard.

Back To Blog