MasterCard Worldwide on May 7 announced PayPass Wallet Services, which when launched later this year will enable bank and merchant customers to make purchases in stores or online by paying with a tap of a smartphone, click of a computer mouse or touch of a tablet screen.
MasterCard said it plans to make PayPass Wallet Services available in the third quarter, initially in the United States, Canada, United Kingdom and Australia. It intends to expand the service to the point of sale over time and provide such additional value-added services as at-a-glance account information before making a purchase; spending controls and immediate alerts; and delivery of targeted offers, coupons and enhanced loyalty programs.
PayPass Wallet Services includes PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and the PayPass application program interface.
These services will provide a consistent shopping experience no matter where and how consumers shop and a suite of digital wallet services. The developer tools also will make it easier to connect other wallets into the PayPass Online acceptance network, MasterCard said in a press release.
American Airlines and Barnes & Noble will be among the first merchants to incorporate the PayPass Online checkout button on their websites, and American will integrate PayPass Wallet into its mobile application, MasterCard said.