Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
MasterCard mFoundry team up on mobile payment options
PURCHASE, N.Y., and SAN FRANCISCO (12/5/11)--MasterCard and mFoundry have partnered to combine MasterCard's Tap & Go PayPass technology with mFoundry's mobile financial services platform to make mobile contactless payments accessible to more consumers.

The partnership includes an investment by MasterCard in mFoundry.

Mobile PayPass, which uses near field communication (NFC) technology, allows consumers to make payments by tapping their NFC phone on any PayPass-enabled terminal at a merchant check-out.

mFoundry provides mobile banking solutions for more than 560 banks and credit unions.

MasterCard and mFoundry also will collaborate to provide mobile phone operators an application that supports Mobile PayPass, which will allow them to offer mobile contactless payments to their customers.


RSS print
News Now LiveWire
Consumer confidence hits 7-year high #Market #NewsNow http://t.co/s7DGIGLZb3
17 hours ago
Still time 2 register 4 @TheNCUA Nov. 19 webinar, “Building a Loan Portfolio: Four Keys to Lending,” hosted by OSCUI. http://t.co/ezTFpnhHlP
18 hours ago
BREAKING: QE in rearview mirror, rate hike miles off: @federalreserve http://t.co/l8y32TZs6w #BREAKING
18 hours ago
.@federalreserve: cmte decides to conclude asset purchase program this month http://t.co/eNjjYbSpc4
18 hours ago
Lake Trust #creditunion (re)invests with The Block in Lansing #NewsNow #System http://t.co/mSQftnBIgA
20 hours ago