MasterCard Inc. today announced MasterPass, a digital wallet that supports mobile payments at the point of sale and online payments without the need to type a card number each time.

MasterPass is based on the PayPass Wallet Services, which MasterCard announced in May last year. At the time, MasterCard said it planned to add new features such as real-time alerts and loyalty programs, which are part of the new MasterPass product announced today.

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