MasterCard is simplifying shopping both in-store and online with the launch of PayPass Wallet Services.
PayPass Wallet Services allows customers to securely pay with a click of the mouse, touch of the tablet screen or tap of the smartphone. There are three distinct components to the PayPass Wallet Services – PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and PayPass API.
The PayPass Acceptance Network has been designed to help merchants accept electronic payments across multiple channels whether the purchase is made in a store at the point of sale with Near Field Communication (NFC) technology or online using a computer, tablet or smartphone. PayPass Online also provides consumers with a simple check-out process by eliminating the need to enter detailed shipping and card information with every purchase.
PayPass Wallet is a full suite to make online shopping safe and allow consumers to store payment and shipping information in one place. The wallet is open, which means that consumers can use American Express, Discover, Visa and other branded credit, debit and prepaid cards.
As for PayPass API, it allows partners to connect their own digital wallets into the PayPass Acceptance Network, leveraging MasterCard’s check-out, fraud detection and authentication services and enabling their customers to make purchases wherever PayPass is accepted – online and in store.
“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 realise 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.”
As part of the launch, JB Hi-Fi and American Airlines have been announced as one of the first merchant partners to incorporate the PayPass Online checkout button on their websites and American will also integrate PayPass Wallet into its mobile application.
“As Australia’s largest leading technology and entertainment retailer we’re obsessed about a great customer experience and the payments piece is an important part of this experience, ” Richard Murray, JB Hi-Fi CFO, said.
“The future of retailing is about a harmonious experience both in-store and online, and with the PayPass Wallet Services we feel we’ll be able to provide innovative payment solutions to our customers to deliver on this.”
MasterCard will make PayPass Wallet Services available to partners in the third quarter of 2012, initially in Australia, the U.S., Canada and U.K. and, subsequently, will include other countries.