Around the Net

MasterCard Expands Mobile Payments in Market

MasterCard Mobile Transaction Solutions (MTS) is providing the mobile wallet solution for Semble to enable secure contactless payments with a smartphone in New Zealand. Semble is a joint venture between Paymark, the company that processes the majority of EFTPOS transactions in New Zealand, and the country’s mobile network operators – Vodafone, 2degrees and Spark. Simply put, Semble is a mobile app that stores credit and debit card information on your smartphone. Once activated, consumers are able to purchase goods using their Android smartphones and in the very near future, the ability to add additional bank cards, applications and services such as public transport, loyalty, coupons and vouchers, will be available. Transactions work in the exact same manner as physical bank cards, and all purchases appear on your bank statement as they do now.

Read the whole story at Let's Talk Payments »

Next story loading loading..