Visa and Mastercard may compete strenuously for business, but today they’re announcing a collaboration in the mobile wallet sphere. The two companies issued simultaneous announcements today describing how Masterpass and Visa Checkout can just get along. In case you’re wondering how the annoucements compare in their treatment of their competitors, we’ve reproduced theRead More
Post Tagged with: "tokenization"
Image source The transition to Chip and PIN credit cards in America currently looks like just a big conversion cost – good for vendors and consultants and a big extra cost and time suck for everybody else. However, below the surface something bigger is brewing. Chip on plastic is incrementalRead More
FinTech Acquisition Corp., created to acquire a fintech company, has fulfilled its mission. The Philadelphia-based company announced yesterday it would acquire CardConnect, a payments processing platform. Terms of the deal were not disclosed. CardConnect is currently majority owned by FTV Capital, a growth equity investor in payments companies. FinTech Acquisition Corp. hadRead More
PayPal, take notes. Visa yesterday disclosed that it has “more than 7 million registered users” for its Visa Checkout service, a PayPal competitor. PayPal counts 173 million active users. Visa Checkout was launched in Aug. 2014. MasterCard, by comparison, has not announced how many registered users it has for itsRead More
MasterCard will add tokenization to its MasterPass NFC product “later this year,” the company’s top executive said today. By adding tokenization, MasterCard will jump into the contactless fray, joining the likes Apple Pay, Android Pay and Samsung Pay. Ajay Banga, president and chief executive officer of MasterCard, told investors at a conferenceRead More
It seems Visa will soon make it very easy to pay people on Facebook. Earlier this week Visa Europe announced a partnership with Singapore-based Fastacash, a social payments service. Most of the announcement focused on the rebranding of Visa Europe’s peer-to-peer payment service from Visa Personal Payments to Visa Direct,Read More
Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay.
In an interview with Bank Innovation, MasterCard shared the technical security details for Apple Pay, which will launch next month.
Multiple sources confirm that Apple has been working on tokenization technology and will include it and NFC in the new iPhone 6.