This morning MasterCard announced the launch of a new Digital Enablement Express (Express) program designed to expedites the process of digitizing and tokenizing MasterCard accounts through the MasterCard Digital Enablement Service (MDES).
According to the press release, "financial institutions of all sizes gain immediate access to the latest digital payments services, while MasterCard partners – digital wallet providers, device manufacturers, card on file merchants and other digital payment providers – have a simple onboarding process to engage with all participating banks."
Capital One, Fifth Third Bank and KeyBank are among the first issuers to announce their support for the program.
MasterCard is working relentlessly to increase payment security and enable innovative new digital services for consumers, to the benefit of all participants in our network,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard.
“Express now allows key technology partners to make their offerings available to all MasterCard issuers in a simple, safe and consistent manner, extending our network model into digital enablement.”
Participation details for Express can be found on MasterCard's website.