MasterCard is putting its digital payment efforts in the spotlight. The Purchase, N.Y. card network is also adding to the number of non-payment services it offers to digitally focused companies.(Image: Bloomberg News)
The biggest growth for MasterPass came through a pact with the online service provider Web.com, which pushed the digital wallet out to "tens of thousands" of merchants. (Image: ShutterStock)
Staged Wallet Fee
MasterCard became the subject of some controversy with its creation of the "staged wallet" fee. The idea, revealed in a regulatory filing by eBay and PayPal last year, is to charge digital wallets a fee if they list themselves as the merchant of record. (Image: ShutterStock)
MasterCard's earlier efforts to promote its programming tools hit a snag when its poster child, a startup called Paidpiper, stopped using the technology because it found it too restricting. (Image: ShutterStock)
The card network has been growing its technology through acquistion. Its moves include buying C-Sam for mobile wallet technology and Truaxis to enter the deals space. (Image: Bloomberg News)
MasterCard's worldwide push includes its decision to be the first network to support the Weve mobile wallet initiative in the U.K.(Image: ShutterStock)
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QkR, pronounced "quicker," is MasterCard's system for making payments by scanning a QR code. It was first tested as a companion to Kinect, a camera-based hands-free controller for Xbox consoles. (Image: Thinkstock)
MasterCard is building payment capabilities for Google Glass, Google's wearable computing device. The headset can be used with MaserCard's QkR and MasterPass technologies.
MasterCard's ShopThis! got some media attention for its inclusion in the iPad edition of an issue of Wired magazine. The product, which is built on MasterPass, lets consumers buy items directly from advertisements.
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MasterCard launched Simplify Commerce to enable smaller merchants to accept payments online and on mobile devices through a straightforward integration. (Image: ShutterStock)
QkR, ShopThis!, Simplify Commerce and other iniatives came out of MasterCard Labs, a research and development unit unveiled in 2010. MasterCard Labs was designed to speed product development through a team that could operate independently of the card network's other operations. (Image: ShutterStock)
MasterCard's work with telcos includes a partnership in Germany with Deutsche Telekom, Telefonica Deutschland and Vodafone. The participants are working with Trevica, a MasterCard-owned payment processing and technology company, to develop a single mobile payment platform for the region. (Images: Bloomberg News)