Latest in Mastercard

Image credit:

MasterCard aims to bring mobile payments to every gadget

211 Shares
Share
Tweet
Share
Save

Sponsored Links

MasterCard is envisioning a future of ubiquitous payments, where practically every device has the ability to pay for things at contactless terminals. The credit card company unveiled a new program today with precisely that goal, and it has also lined up a bunch of early partners, including GM and wearable companies Nymi and Ringly. It also looks like MasterCard isn't just looking at typical gadgets -- it even wants payments in things like fashion accessories (designer Adam Selman is another launch partner). It's not hard to see why MasterCard is making this push. Seamless payments are convenient for customers, but it's also essential for MasterCard to gain a foothold in the post-credit card era. And smaller companies will likely need some help if they want to integrate payments (Jawbone, for example, teamed up with American Express for the Up4).

Judging from the video below, it looks like GM has developed a car key fob with payments integration, while Ringly has embedded the tech in its smart ring and Nymi did the same for its wristband. There's nothing terribly revolutionary about these first projects, but it could be interesting to see how others adopt MasterCard's platform. At this point only CapitalOne cards are supported, and MasterCard is aiming to launch in the US next year.

In this article: MasterCard, mobilepayments
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
211 Shares
Share
Tweet
Share
Save

Popular on Engadget

HyperX just made its Cloud Alpha gaming headset even better

HyperX just made its Cloud Alpha gaming headset even better

View
Spotify's Premium Family plans get an explicit content filter

Spotify's Premium Family plans get an explicit content filter

View
NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

NVIDIA ray-tracing on 'Minecraft' looks surprisingly cool

View
MIT experts find a way to reduce video stream buffering on busy WiFi

MIT experts find a way to reduce video stream buffering on busy WiFi

View
NASA selects proposals for smallsats built to study deep space

NASA selects proposals for smallsats built to study deep space

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr