MasterCard and PAY.ON Make MasterPass Available To More Than 110 PSPs
By Christine Kern, contributing writer
Partnership means MasterPass will be available at more than 56,000 web shops
MasterCard and PAY.ON have teamed up to bolster the power of the MasterPass digital wallet solution by making MasterPass available to more than 110 payment service providers (PSPs) via PAY.ON’s white label global payment gateway, technology available to more than 56,000 web shops worldwide.
“MasterPass offers merchants – on the web, via in-app payments on mobile devices, and, in the future, in stores – a user-friendly solution that simplifies payment for customers by bundling together multiple payment and customer loyalty cards, and minimizing shopping cart abandonment,” explained David Klemm, Head of Acceptance Development Germany at MasterCard.
MasterPass simplifies payment processes, focusing on the consumer desire for fast, secure, and easy payment options. The digital wallet securely stores payment and shipping information and automatically transmits cardholder information to the merchant during the payment process, recuing the payment process to a few simple clicks.
MasterPass is available via PAY.ON's COPYandPAY, permitting merchants to quickly enable payment processing within their online shop by incorporating a few lines of code. According to the release, the payment page includes nearly 100 payment methods and comprehensive fraud prevention tools.
Wolfgang Berner, Senior Vice President Product at PAY.ON, concluded: "COPYandPAY's widget-based payment page requires one single, unified API to connect to PSPs globally. It is fully PCI-compliant and links to more than 300 acquirers and alternative payment methods worldwide. Immediate integration of MasterPass into COPYandPAY reinforces the suitability of our widget-based payment page for PSPs and their merchants looking for the perfect payment set-up".
Berner said: " With MasterPass, merchants and shoppers have a multifunctional payment method that allows for centralized and secure use of all available online payment methods. This sets a new standard for digital wallets, or eWallets."
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