Bank Systems & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


10:14 AM
Connect Directly

MasterCard, mFoundry team up on Mobile Payments

mFoundry will integrate the new MasterPass digital service with its mobile banking solutions.

MasterCard today announced it is rolling out a new service called MasterPass, a digital wallet service the company says is the next generation of its PayPass e-commerce wallet.

Announced at the Mobile World Congress conference in Barcelona, MasterPass will be integrated into mobile banking and payments provider mFoundry's mobile banking solution and will be available to mFoundry's approximately 900 bank customers.

MasterCard also announced that mFoundry will create a digital wallet service using the MasterPass APIs to provide its customers with a MasterPass-connected wallet as part of its mobile banking platform. The service will be available to mFoundry’s customer banks in early 2014 with pilots expected to launch in 2013.

[See Also: NFC Retail Payments Market to Reach $180 Billion by 2017]

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.