Market Overview

MasterCard and ING Announce EMV Internet Payments Trial

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MasterCard (NYSE: MA)
and ING
Group today announced a joint trial underway in the Netherlands that
is demonstrating a new way to pay online using mobile phones. The trial
extends the functionality of the Mobile MasterCard® PayPass™
application, already used to support contactless payments at point of
sale, to deliver a highly secure and easy to use payment experience at
internet merchants. By using the Secure Element in the mobile device, a
comparable level of security can be achieved whether a purchase is being
made in-store or online.

The solution being tested in the trial supports two scenarios: first,
shopping and paying on a phone where the consumer is able to select

See full press release

Posted-In: News Guidance Contracts Management

 

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