MasterCard Unveils Digital Wallet

MasterCard Unveils Digital Wallet

May 8, 2012 Updated May 8, 2012 at 12:57 PM CDT

(MasterCard news release) MasterCard on Tuesday announced  PayPass Wallet Services a new global offering for banks, merchants and partners that will make it faster and easier for their customers to make purchases in stores or online by allowing them to securely pay with a simple click of the mouse, touch of the tablet screen or tap of the smartphone.

According to the MasterCard news release:

“Consumers are looking to pay for goods when, how and where they choose. Merchants want flexibility to easily accept digital payments so they can convert more browsers to buyers both online and in store,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We realize that when it comes to payments, no single wallet will rule them all. PayPass Wallet Services simplifies the shopping experience while providing flexibility and choice to merchants, banks and consumers.”

Read the entire news release from MasterCard HERE.