[May 28, 2015] |
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MasterCard Powers Android Pay, Bringing Mobile Payments to Android Device Owners
Today, Google (News - Alert) unveiled Android
Pay, which will enable MasterCard (News - Alert) credit, debit, prepaid and small
business cardholders to use their Android phones for everyday purchases
in-store and within Android apps. This news provides MasterCard
cardholders with even more options for paying on the go using their
choice of mobile device.
This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20150528005955/en/
MASTERCARD POWERS ANDROID PAY, BRINGING MOBILE PAYMENTS TO ANDROID DEVICE OWNERS
The ubiquity of mobile phones is changing the way consumers pay.
According to a recent Federal Reserve report1, 39 percent of
all mobile payment users with smartphones have made a point-of-sale
payment demonstrating the increased demand for simple and secure ways to
make device-based payments. MasterCard built the foundation for secure
mobile transactions, having introduced contactless
payments more than a decade ago and delivering a complementary digital
enablement platform in 2013 that is driving today's mobile payment
solutios.
Today, MasterCard contactless is accepted at more than three million
merchants in 68 countries around the world, and our MasterCard Digital
Enablement Service enables Android (News - Alert) Pay to deliver a simple and secure
payment experience so that consumers can use their cards when, where and
how they want.
Starting this summer, owners of eligible Android devices will be able to
use their MasterCard credit, debit, prepaid and small business cards
directly through Android Pay. For consumers and merchants alike, every
purchase made with a tokenized MasterCard credit, debit, prepaid or
small business card will offer the same security, benefits and
guarantees as any MasterCard transaction. And because Android Pay never
shares the actual card number with merchants, consumers are provided
with an extra layer of security.
"Mobile payments are here today, and are now an essential part of the
core value proposition for new devices," said Ed McLaughlin, Chief
Emerging Payments Officer, MasterCard. "With the MasterCard Digital
Enablement Service (MDES) and Android Pay, we can now use secure tokens
to easily enable payments from a consumer's connected device. Today's
news extends consumer choice and drives further ubiquity of payments on
devices."
"Mobile payments is big a priority for Google, so we've been working
with major networks like MasterCard to help provide a seamless
experience across a wide range of phones and stores. Android Pay will
offer people further simplicity, security and choice when paying for
things with their Android phones," said Pali Bhat, Director, Product
Management, Google.
Android Pay will be made available for U.S. Android users (running
KitKat or higher) in the upcoming months. Contactless payments are
currently accepted at major U.S. stores, restaurants, fuel and
convenience stores who will now also accept MasterCard transactions made
using Android Pay. To find a listing of contactless-enabled merchant
locations, download the MasterCard
Nearby app or go to www.mastercard.com/contactless.
About MasterCard
MasterCard (NYSE:MA), www.mastercard.com,
is a technology company in the global payments industry. We operate the
world's fastest payments processing network, connecting consumers,
financial institutions, merchants, governments and businesses in more
than 210 countries and territories. MasterCard's products and solutions
make everyday commerce activities - such as shopping, traveling, running
a business and managing finances - easier, more secure and more
efficient for everyone. Follow us on Twitter (News - Alert) @MasterCardNews, join the
discussion on the Beyond
the Transaction Blog and subscribe
for the latest news on the Engagement
Bureau.
1 "Consumers and Mobile Financial Services 2015", March 2015,
Federal Reserve
View source version on businesswire.com: http://www.businesswire.com/news/home/20150528005955/en/
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