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MasterPass

Product
Developers: MasterCard
Date of the premiere of the system: 2013/02/25
Branches: Financial services, investments and audit
Technology: Systems of remote banking

MasterPass is the platform for e-wallets and online stores by means of which it is possible not to specify detailed data for payment and the goods delivery, it simplifies and accelerates process of purchase by means of any device connected to the Internet.

MasterPass is the open platform, payment of services and goods can be made, both cards of MasterCard, and cards under brands of other payment systems. The technology allows to integrate all main payment methods — beginning from plastic cards and finishing with e-wallets and gives to users the chance to make payments from any place in the world one contact of the screen of the gadget.

In structure MasterPass service:

  • Service of a design and payment of the order. Provides to sellers the convenient mechanism of payment acceptance, irrespective of location of the buyer. At the checkout or at shelves with goods of MasterPass will support NFC, QR codes, price labels, automatic terminals, and also traditional plastic cards. The consumer will receive an easy convenient way of shopping without the need for input of payment data and/or delivery addresses.

  • MasterPass purses. Helps banks, to sellers and other partners to offer the clients own purses. Consumers can safely store information on the cards, the addresses and other information in a safe cloud of the organization. Use and other credit or debit cards is possible.

  • Additional services. Provide to the consumer the additional information, for example, data on an account balance, notifications in real time, the loyalty program, a special offer, etc.

Transformation of digital payments - MasterPass representation

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