MasterCard’s PayPass Wallet will span online, mobile, in-store shopping
MasterCard WorldWide announced a digital wallet on Monday that consumers will be able to use for purchases in stores, on the Web and on their mobile phones.
The global credit-card company's entry into digital wallets will tie into its PayPass point-of-sale system, with nearly 500,000 locations around the world where consumers can tap a card or phone with NFC (near-field communications) to make a purchase. But with the new offering, called PayPass Wallet Services, MasterCard will also allow third parties to create payment systems under their own brands. Read more...
U.S. operators prepare to launch Isis digital wallet pilot
Isis will pilot its mobile commerce program based on Near-Field Communications technology in Salt Lake City in early to mid-2012, the joint venture said Monday.
Isis was formed in November last year and is a joint-venture between AT&T Mobility, T-Mobile USA and Verizon Wireless, with the goal of using NFC technology to turn mobile phones into digital wallets.
The Isis system will allow users to pay for goods, redeem coupons and use store merchant loyalty cards, all with the tap of their phone. In Salt Lake City, consumers will be able to use "Isis-enabled mobile phones to make point-of-sale purchases at retailers across the Salt Lake City area and on public transportation," according to a statement. Read more...