MasterCard Announces PayPass Wallet Services

MasterCard has unveiled PayPass Wallet Services, a "new global offering for banks, merchants and partners that will make it faster and easier for their customers to make purchases in stores or online by allowing them to securely pay with a simple click of the mouse, touch of the tablet screen or tap of the smartphone."

The services are comprised of three distinct components: PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and PayPass API, each of which offers a consistent shopping experience regardless of how and where consumers shop and makes it easy for developers to integrate into existing checkout systems.

American Airlines and Barnes & Noble are among the first merchant partners to incorporate the PayPass Wallet Services on their websites and others are expected to join in the coming months.

More details are available at http://www.paypass.com/. A video showing the consumer experience is available here.