Payment Observer

The Latest News, Industry Insights and Research Findings on Global Payment Markets

1Dec/11

MasterCard Invests in mFoundry to Push NFC Mobile Payment Technology

By Gary Merrett

Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

PayPass technology with mFoundry’s mobile financial services platform, to make mobile payments accessible to more customers.

Starbucks Card Mobile application, one of the most successful mobile payment services in the US.

The collaboration will help MasterCard to expand its PayPass technology to more payment providers and strengthening the company’s position in the emerging field of mobile payments. “This collaboration is going to allow more banks, credit unions and mobile phone operators around the world to offer their customers the convenience and security of Mobile PayPass,” commented Ed McLaughlin, chief emerging payments officer, MasterCard.

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