MasterCard, ING partner on multi-device mobile payment trial
MasterCard and ING Group are teaming on a new payment trial enabling consumers to complete online purchases via mobile phone even when shopping on another connected device.
The trial, which is currently limited to ING's native Netherlands, encompasses two user scenarios. The first allows consumers to begin shopping on a tablet or PC, then complete the transaction on their mobile phone, leveraging the secure element embedded into the device. The MasterCard Mobile PayPass application installed on the phone facilitates the purchase by connecting to the online merchant's shopping cart via secure QR code.
In the other scenario, the consumer chooses the items they wish to buy using their mobile phone, selects their payment method and inputs their PIN code to authenticate the transaction. From there, a Europay/MasterCard/Visa (EMV)-compliant cryptogram is supplied by the phone directly to the retailer's payment gateway for processing. Both use cases support real-time application of coupons and vouchers, and they generate e-receipts when the payment process is complete.
According to MasterCard, the trial is designed to boost mobile commerce by offering a level of financial security comparable to conventional EMV-based transactions. While some features of the two user scenarios appear to overlap, MasterCard said the pilot will help executives determine which payment products and technologies best meet client needs. The trial will run through the first quarter of 2013.
MasterCard adds the test builds on its fledgling PayPass Wallet Services effort, announced in May. The initiative enables merchants to incorporate a PayPass checkout button into their mobile applications and websites to simplify the digital purchasing experience--according to MasterCard, its PayPass single login process eliminates the need for shoppers to enter information like their credit card number and shipping address each time they make a purchase on their smartphone or tablet. PayPass Wallet Services also leverages MasterCard's Near Field Communications-based PayPass contactless payment technology to enable users to complete brick-and-mortar transactions with their device.
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