MasterCard's been working on new-era payment systems for some time, but now the credit corporation looks set to move past its PayPass project and roll out a service that's properly ready for the masses. By way of MasterPass, MasterCard will look to build upon what it gathered from previous efforts and use those learnings in its quest for success, with the firm being quite confident that by securing the right merchants and technology partners, it can turn the "promise of a digital future" into a reality. Furthermore, MasterCard says the MasterPass experience will be a seamless and secure one, making it easy for consumers to initiate transactions "from wherever they are" and with "any device." -- and that includes support for a variety of check-out methods, such as QR codes and, of course, NFC. Those in Australia and Canada can expect MasterPass to debut in their area next month, while US and UK folks will have to wait until later this spring and summer, respectively.

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Via: TechCrunch

Source: MasterCard

After almost sixteen years of trying to encourage EMV adoption in the US, MasterCard has hit upon a potential reason why it's not catching on: its closed, proprietary standard. But that's changing today, with the financial giant announcing it's making some of its circuit card tech open to other US debit networks instead of waiting on them to come up with their own solution. An alternative to magnetic strips, EMV claims to provide more secure payments thanks to the use of cryptographic algorithms and user-specific PINs, but hasn't captured much interest stateside. Perhaps in opening the standard, MasterCard and crew will spur its US adoption and thus garner more EMV followers. Of course, it has to catch on before NFC replaces cards entirely, rendering the issue moot.

(Update: We erroneously stated EMV isn't popular outside of Europe and Asia -- it's actually prevalent in other parts of the world as well, just not in the US.)

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Source: MasterCard

Mastercard is already a big fish in the still tiny NFC contactless payment pond, and now it wants to take that same technology to a veritable ocean -- internet sales. The plastic purveyor is tag-teaming with ING in the Netherlands for PayPass-based smartphone internet payments that would have a "comparable level of security" to bricks and mortar purchases -- by transmitting an EMV-compliant cryptogram or QR code to merchants. That would theoretically make online shopping less risky, and the system would also allow coupons and vouchers to be applied, giving a "similar user experience in both the physical and digital world." The Dutch trial has already started and will continue until early 2013, but there's no word if new users can still jump in -- check the PR after the break to read the tea leaves for yourself.

Filed under: Cellphones, Tablets, Internet, Mobile

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Rogers and Canadian bank CIBC struck a deal for NFC-based mobile payments back in May, long enough ago that it was starting to fade out of the public consciousness. The alliance may be near refreshing our memory with a commercial launch in the cards. MobileSyrup has reportedly scored internal documents that has the two launching their e-commerce collaboration on October 15th under a slightly catchier Suretap name. Unfortunately, the text also suggests that the initial launch will require at least as much hoop-jumping from customers as for the original Google Wallet plans. Avoiding a traditional wallet will demand a BlackBerry Bold 9900 or Curve 9360 on Rogers, a CIBC MasterCard, nearby stores with PayPass terminals, a CIBC app and now a special NFC-enabled SIM card -- a set of criteria that disqualifies almost everyone, especially when there's supposedly a $50 ceiling on transactions. It remains a step forward for mobile payments in a country that has had very few options to start with, but we'd only anticipate widespread adoption once there's a much wider selection of devices and banks.

Filed under: Cellphones, Mobile, Blackberry

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Source: MobileSyrup

Just as the air begins to chill, NTT DoCoMo has announced its forthcoming lineup for release in November and December, including nine smartphones, four feature phones and a tablet. As the Japanese populace would no doubt demand, all of the bigger smartphones -- from the 4.7-inch Arrows V F-04E through to the 5.5-inch Galaxy Note II -- come with 1,280 x 720 displays, a healthy degree of water- and dust-proofing, plus decent quad-core credentials. The new Aquos Phone Zeta SH-02E stands out for its low-power 4.9-inch IGZO panel and 16-megapixel camera, while the Arrows Tab F-05E 10-inch tablet packs a 1,980 x 1,200 display and what sounds like the latest 1.7GHz iteration of Tegra 3 (as seen in the HTC One X+). It's also interesting to a see a Korean-style variant of the Galaxy S III (the Alpha SC-03E) packing a souped-up 1.6GHz Exynos chip and 2GB RAM. In related news, NTT has also announced that it's partnering with Mastercard PayPass and will offer the contactless payment system for Japanese customers travelling abroad by fall next year -- and indeed all the new smartphones are NFC-equipped. Click the first source link below for the full run-down.

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Source: NTT DoCoMo (1), (2)

Lower Manhattan, Pearl Street, the Financial District. A Starbucks with broad windows, great for people watching. Sipping my $5 flavored coffee, I watched a homeless man sit on the sidewalk. I liked him immediately: his sharp gaze and thoughtful expression. When I left, I squatted down next to him and put five bucks in his jar, contributing the cost of my first-world coffee to the man's case for survival.

We talked. He knew his tech, this man of no possessions, describing his favorite productivity gadgets of the past decade, scorning Apple for form over function. He had been living on the street day and night for two years. My five dollars was "huge," he said. I knew that was true only microcosmically. He liked cigars. That's where the cash would go.

Meanwhile, Starbucks had recently cut a deal with Square, one of the hottest startup stories of the season, so that people with five dollars to spend on coffee needn't pull out a wallet and ponder their privilege.

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Popular deal website Groupon is venturing into the world of smart phone-based credit card payments today, launching the Groupon Payments initiative nationwide after a successful pilot program is the San Francisco Bay Area earlier this year. Groupon's boasting a guaranteed lowest cost pricing to merchants using Groupon Payments for credit card transactions -- MasterCard, Visa, and Discover will cost retailers 1.8 percent of credit card sales, plus a $0.15 per transaction fee, while American Express will cost three percent of credit card sales, plus a $0.15 per transaction fee. The biggest competition in the space comes from Square, headed by former Twitter co-founder Jack Dorsey, which charges a flat 2.75 percent rate on all transactions against all cards, though PayPal, Intuit, and Verifone all offer similar services.

Today's news matches up directly with leaks we saw back in May, adding on that merchants will see the day's credit card purchases credited to their bank accounts overnight, rather than waiting two to three business days (per standard practice). Beyond credit card services, Groupon's Merchants app also accepts Groupon daily deals, which helps elucidate why Groupon would be interested in entering the mobile credit card payments market in the first place (beyond it being a lucrative market unto itself, of course). Interested parties can sign up over on Groupon's website, and snag the free payments app right here. Finally -- finally -- you'll be able to sell all those $10 gift certificates to Chili's you've been hoarding. Perhaps charge $5 a pop for their $10 value and ... is this a paradox? This might be a paradox.

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Source: BusinessWire

MasterCard has been in the cashless payment game for quite a while, and now it's hoping to get more developers on the PayPass bandwagon with its freshly unveiled user interface software development kit. By leveraging the SDK, programmers will be able to bake the firm's NFC payment system, which is compatible with over 70 handsets, into their own Android or BlackBerry OS 7 apps. The kit is free to license and includes API code libraries, documentation, a developer guide, sample code, a white-label reference application and a testing suite. Once apps are created with the SDK, they'll have to go through MasterCard's approval process before they go live. Yearning to code PayPass-enabled smartphone software? Check out the press release below for more details.

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Source: Cashless Conversations Blog (MasterCard)

You've known it was coming, but Isis has been so quiet on the mobile payments front in the past few months that you might've forgotten the score. Now, the joint venture backed by AT&T, T-Mobile and Verizon has announced that it'll debut its system in Austin and Salt Lake City next month. At least part of the delay is attributed to its shift in strategy, when Isis shelved its plans to process payments through the carriers themselves and instead work with MasterCard and Visa. Isis representatives have declined to elaborate on future expansion plans.

Coinciding with the recent update that enabled Isis support for T-Mobile's Galaxy S II, MasterCard has come clean with a list of devices that'll receive similar treatment. Specifically, those in the US can expect the Droid Incredible 4G LTE, One X, Amaze 4G, Galaxy S III to gain Isis support. Naturally, the possibility remains open for other devices as well, and if you'd like to see the complete list of candidates, make sure to check out the PDF below.

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Via: Droid Life

Source: Bloomberg, MasterCard (PDF)

MasterCard has switched up its NFC and Mobile Payments deal with T-Mobile and Orange to include corporate parent / sibling Everything Everywhere. The pairing will leverage the existing Orange Cash standard to get users onto the service, building out a person-to-person payment system similar to Pingit as they go. It's reportedly angered rival networks Vodafone and O2, still smarting from last week's 4G news, who were co-operating on a unified mobile payments service called "Project Oscar" that would have standardized the system nationwide. Given that Vodafone has partnered with Visa and O2 is trying things out on its own, perhaps the next time you choose a phone, you'll have to side with your card-provider of choice, too.

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Via: TechCrunch

Source: The Telegraph

Well, BitInstant is insistent that it will launch a BitCoin debit card, but MasterCard is claiming it will not be part of the plans. After a mock up of the plastic made the rounds featuring the company's logo, the financial powerhouse felt it necessary to reach out to us, clarifying its non-involvement.

"MasterCard has no relationship with BitInstant. There are issuers who allow the conversion of Bitcoins to US dollars and other currencies, delivered on prepaid cards. However, we're not aware of this particular programme from BitInstant."

Of course, if you read the transcript of Charlie Shrem's chat announcing the plans, he never actually names MasterCard. The logo was likely meant as a placeholder -- one that some outlets took a little too literally.

Interestingly, this doesn't actually mean that MasterCard won't be involved... just that the company isn't at this point in the process. BitInstant released its own statement, just hours after the card house contacted us, saying that it has been working with MasterCard affiliates, but had yet to submit to the financial firm directly.

"The card program is moving forward and the arrangement with MasterCard will be handled in due time at the proper stage of the process by the partners who work directly with that company."

So, what have we learned today? Not a whole heck of a lot actually, other than the fact that putting out a debit card is a complicated business. You'll just have to stay tuned to see how this shakes out.

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There's little doubt that mobile payments hold a ton of potential for the future of commerce, but without proper direction (and willingness for adoption), the technology remains little more than an impractical curiosity for the majority of consumers. In an effort to define a way forward for the mobile payment industry, a large number of heavy hitters have banded together under the umbrella of the Electronic Transactions Association to form the Mobile Payments Committee. Not only does the group include all four of the top US carriers, but also Google, Isis, VeriFone and PayPal. Add to that financial institutions such as Wells Fargo and Capital One, along with American Express, Discover, MasterCard and Visa, and you'll quickly realize that this group is playing to win.

Primary goals of the Mobile Payments Committee include fostering relationships with merchants, ensuring consumer access to modern payment methods, exploring best practices and ensuring interoperability of networks, equipment and financial institutions. The group will also engage in lobbying activities with legislators and regulators, and will additionally work to educate both merchants and consumers about the potential of mobile payments. With so many key players (and competitors) sitting around one big table, what wouldn't you give to be a fly on the wall during those meetings? For a little extra insight, just hop the break for the full PR.

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Poland and Germany could be the next two countries to get smartphone payments, powered by MasterCard and Deutsche Telekom. The SIM-based NFC solution will utilize the US bank's ClickandBuy service for processing and will be available to T-Mobile customers, rolling out to Poland in Q3 of this year and Germany in 2013. This latest partnership comes on the heels of Vodafone's pairing with Visa, which is also said to be making a push for the German market. What remains to be seen is whether or not there is in fact a demand for mobile payments -- the technology has yet to take off in the US, despite an influx of funding and infrastructure from MasterCard and Google. NFC is no doubt the future of cashless transactions, but it likely remains a few years away from hitting the mainstream, with compatible devices still limited, on both the customer and retail fronts. Hit up the links below for a closer look at DT's push to conquer the European market, one NFC-equipped SIM card at a time. Then jump past the break for a quick intro, compliments of Deutsche Telekom CEO Rene Obermann and MasterCard CEO Ajay Banga (the two seemingly random gentlemen that you may have noticed above as well).

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Rounding off a busy day of shooting with Nokia's new imaging mistress, the company's Vesa Jutila, Head of Symbian Product Marketing, hooked us up with some more developments for the 808 PureView, specifically to do with NFC. He told us that picture sharing would be possible across devices -- not limiting itself to fellow PureView smartphones, and differentiating it from another hotly anticipated future smartphone. We'd err against using it on those full 38- or 34-megapixel images though, as they will often measure over 10MB and it could take some time. Further, Nokia's already applied for Mastercard and Visa accreditation to get those mobile wallets up and working. We're curating our own exclusive image gallery as we speak and they're likely to whet your appetite for more oversampling goodness. Expect a fully-fledged review with a final model in the not-too-distant future.

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The first keynote of the week is a doozy. We've got Gary Flood from MasterCard, Patrick Riordan president of Cellcom and Joe Kennedy the CEO of Pandora. Not too shabby. But, the big fish in this four person pond is clearly FCC chairman Julius Genachowski. The chief regulator of the wireless industry here in the US will be taking to the stage to talk... well, we're not entirely sure. But, if the topic of spectrum doesn't come up, we'll be quite surprised.

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MasterCard's PayPass is certainly one of the bigger players in the contactless payment scene. But, simply putting a few thousand branded payment terminals in stores across the nation isn't enough. The next step is expanding that empire, not only in terms of locations and handsets, but by turning the phone into just an accessory in a larger ecosystem. PayPass Wallet Services is a new umbrella product that includes an online payment system, a branded service and an API that allows developers to integrate PayPass into their own proprietary offerings. Simply put, PayPass is no longer a product, but a platform. The service remembers not only credit cards, but shipping addresses and other identifying info that streamlines the shopping process, while the API means that others can build value added offerings around PayPass. There's even a dedicated Android app.

The company is hoping to have the system ready for a broad roll out by the third quarter of the year. When that time comes, a pile of partners have pledged to support it in various ways. The names on that list should ring at least a few bells: Intel, Barnes & Noble, Newegg, MLB and American Airlines. It all seems pretty impressive (though, we'll reserve judgement till we get to try it out). Your move, Google.

Zachary Lutz contributed to this report

Gallery: MasterCard PayPass Wallet Services

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Ain't no party like a Genachowski party, cause a Genachowski party don't stop. So long as you've got the spectrum and bandwidth to keep your your Niki and the Dove Pandora station bumpin'. The festivities here at CTIA Wireless 2012 in New Orleans are already underway, unofficially, but the true fun really kicks off tomorrow with a keynote from FCC chairman Julius Genachowski. The event will also feature appearances from Gary Flood of MasterCard, Joe Kennedy (the president of Pandora) and Cellcom CEO Patrick Riordan. What's the topic du jour? You'll just have to check back here at the time listed below to find out.

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DeviceFidelity and Spring Card Systems have teamed up on a NFC-capable microSD card that will hopefully forgo the need of buying specific mobile handsets for the privilege of contactless payments. The card, which has been in development for a few years, houses an NFC radio and antenna that deals with payments through MasterCard's PayPass system. Moneto's iPhone case is already available, offering swipe payment delights for iOS users for $80, and includes $10 of spendable cash. The microSD card is set to land in the next few weeks, pegged at $30. Both will be available at the source below, with plans to support several -- as yet unnamed -- Android devices by Q2, rolling out further throughout 2012.

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