MasterCard (NYSE:MA) and Worldline, Atos subsidiary for e-payment services, announced today their extended partnership on the integration and deployment of MasterPass, the future of digital payments. Worldline will develop a digital wallet platform with open interfaces available for card-issuing institutes based on MasterCard's MasterPass technology. Beginning next year cardholders will be able to sign-up for one of these wallets and use it for online payments wherever MasterPass is accepted using a PC or mobile device, such as a smartphone or tablet. Worldline showcases its latest innovations at Cartes 2013 booth # 3E017, that takes place in Paris from 19 - 21 November, including digital wallets, Contactless Mobile services, Biometric Point of Sale (POS), and the launch of new payment terminals.
After the recent announcement of the cooperation between MasterCard and Worldline to bring MasterPass services to Worldine merchants, MasterCard and Worldline now expand their cooperation for issuing banks and financial institutions. Worldline now supports the payment process by MasterCard end-to-end and provides a complete solution for e-payment that consumers and cardholders of issuing banks will benefit from.
With MasterPass, consumers will benefit by not having to enter their shipping and card information to complete their online shopping. This is possible at all occasions where merchants offer the logo "MasterPass" in their payment methods. With that, users can safely enter their card information - regardless of whether it is a credit, debit or prepaid card from MasterCard or any other major card scheme - as well as the data required for the delivery.
Customizable payment platform for the German market
With MasterPass, financial institutions will benefit from a smart, simple and secure way to implement a digital wallet service that enhances the overall consumer shopping experience. Worldline is now able to offer MasterPass as a new and innovative payment solution to issuing banks and institutions that benefit from a solution that has been adapted to accommodate the local market needs and requirements in accordance with the international standards and global technology from MasterCard.
"The collaboration with Worldline brings a national MasterPass branded wallet platform to Germany and thus an advanced payment technology from which financial institutions and their cardholders as well as the merchant will benefit", explains Arne Pache, Head of Emerging Payments Continental Europe at MasterCard.
Marc-Henri Desportes, General Manager at Worldline explains: "MasterPass is a solution that takes the shopping experience to the next level with respect to the pre & post payment. Our common goal is to offer this smart, simple and secure solution for the integration of MasterPass in e-Commerce processes to issuing banks. We are proud to be part of this advanced payment offering together with MasterCard.
Worldline, an Atos subsidiary, is the European leader and a global player in the payments services industry. Worldline delivers new generation services, enabling its customers to offer smooth and innovative solutions to the end consumer. Key actor for B2B2C industries, with 40 years of experience, Worldline is ideally positioned to support and contribute to the success of all businesses and administrative services in a perpetually evolving market. Worldline offers a unique and flexible business model built around a global and growing portfolio, thus enabling end-to-end support. Worldline activities are organized around three axes: Merchant Services & Terminals, Mobility & e-Transactional Services, Financial Processing & Software Licensing. In 2012, Worldline's activities within the Atos Group generated (pro forma) revenues of 1.1 billion euros. The company employs more than 7,100 people worldwide. worldline.com
Jose de Vries
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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.@MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
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