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July 02, 2012

MasterCard and Deutsche Telekom Unite on Mobile Payments

MasterCard logo 140pxMasterCard and Deutsche Telekom have announced a European partnership to enable consumers to use their mobile phones to pay at the point of sale.

The first consumer roll-out will take place in Poland later this year. Also this year German consumers will be introduced to mobile payments, initially in a trial with mobile phone tags and cards, continuing into the first half of next year with a mobile wallet service which will also be open to other issuing banks and partners. Deutsche Telekom will issue the MasterCard products via its subsidiary company ClickandBuy, the owner of an e-money licence. Products will also be launched in other European markets.

American Express Announces U.S. EMV Roadmap

Amex logo 140pxAmerican Express has announced its network roadmap to advance EMV chip-based contact, contactless and mobile payments for all merchants, processors and issuers of American Express-branded cards in the U.S.

“The payments industry is continuing to evolve rapidly, and American Express recognizes the growing demand for chip-based contact and contactless payments in the U.S.,” said Suzan Kereere, Senior Vice President and General Manager, American Express Global Network Business. “We also fully recognize the complexities involved in migrating to EMV chip-based technology, and our first priority is to provide choice and flexibility for merchants and our card-issuing partners so they can adopt the EMV solution that best meets their needs.”

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