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MasterCard and PAY.ON Partner to Deliver MasterPass Acceptance to Over 110 Payment Service Providers (PSPs) and More Than 56,000 Web Shops
MUNICH and FRANKFURT AM MAIN, Germany, July 15, 2015 /PRNewswire/ --
MasterCard and PAY.ON have joined forces to enhance the MasterPass digital wallet
solution by making MasterPass immediately available to more than 110 payment service
providers (PSPs) via PAY.ON's white label global payment gateway
[https://www.payon.com/solutions?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
. This advanced digital payment technology is available to more than 56,000 web
shops worldwide that route payments through PAY.ON's partners. "MasterPass offers
merchants - on the web, via in-app payments on mobile devices, and, in the future, in
stores - a user-friendly solution that simplifies payment for customers by bundling
together multiple payment and customer loyalty cards, and minimizing shopping cart
abandonment," said David Klemm, Head of Acceptance Development Germany at MasterCard.
Wolfgang Berner, Senior Vice President Product at PAY.ON, said: "We are pleased to
further build upon our close partnership with MasterCard. With MasterPass, merchants and
shoppers have a multifunctional payment method that allows for centralized and secure use
of all available online payment methods. This sets a new standard for digital wallets, or
eWallets."
MasterPass simplifies payment processesÂ
When shoppers have to repeatedly enter account details and address information, it
leads to higher rates of shopping cart abandonment. The continuing trend toward shopping
on mobile devices therefore requires innovative, customer and merchant-friendly payment
solutions. With MasterPass, MasterCard is focused on the consumer desire for a fast,
secure and simple payment option. MasterPass combines several technologies for the first
time, creating a digital wallet that stores payment and shipping information in a highly
secure data center at the issuing bank, and then automatically transmits cardholder
information to the merchant during the payment process. Payment is therefore reduced to a
few clicks, and due to the connection with the bank's internal systems, is quicker, easier
to use, and more secure. Unlike some competing products, MasterPass is not a niche
solution, but rather aims to make digital wallet payments ubiquitous for users. Merchants
who implement MasterPass have a significant opportunity to improve customer retention.
PAY.ON's COPYandPAY offers immediate integration of MasterPass in an active, fully set
up widget-based payment page Â
PAY.ON and MasterPass offer the latest payment technology and follow the same
principle; ultimate simplicity and efficiency for end users. MasterPass is available via
PAY.ON's COPYandPAY
[https://docs.oppwa.com/tutorials?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, which allows merchants to quickly enable payment processing within their
online shop by incorporating a few lines of code. The fully set-up, immediately active
payment page includes nearly 100 payment methods and comprehensive fraud prevention tools.
Wolfgang Berner, Senior Vice President Product at PAY.ON, concluded: "COPYandPAY's
widget-based payment page requires one single, unified API to connect to PSPs globally. It
is fully PCI-compliant and links to more than 300 acquirers and alternative payment
methods worldwide. Immediate integration of MasterPass into COPYandPAY reinforces the
suitability of our widget-based payment page for PSPs and their merchants looking for the
perfect payment set-up".
Follow MasterCard on Twitter: @MasterCardNews
[https://twitter.com/MasterCardNews?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
or @MasterCardDE
[https://twitter.com/MastercardDE?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, talk with us on the Cashless Conversations blog
[http://newsroom.mastercard.com/blog/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
and subscribe
[http://newsroom.mastercard.com/subscribe/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
to the latest news at the Engagement Bureau
[http://newsroom.mastercard.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
Follow PAY.ON on Twitter: @PAYON_com
[https://twitter.com/PAYON_com?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, catch up with the latest news on the Official PAY.ON Blog
[http://blog.payon.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ],
or subscribe to the PAY.ON Newsletter
[https://www.payon.com/contact?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
About MasterCardÂ
MasterCard (NYSE: MA), http://www.mastercard.com
[http://www.mastercard.com/index.html?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, is an international payments and technology company.
With the fastest payment processing network in the world, MasterCard connects
consumers, banks, merchants, governments and companies in more than 210 countries and
territories. MasterCard products and services make daily business transactions simpler,
more secure and more efficient for all stakeholders. This applies to purchases and travel
as well as corporate management and financial administration.
About PAY.ONÂ
PAY.ON delivers white label global payment gateway solutions to payment service
providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment
transaction processing or integrate a gateway-to-gateway solution. The core payment
gateway provides cross-border payment processing, PCI-compliant merchant boarding, and
access to more than 300 domestic and international acquirers and alternative payment
methods. Modular solutions are configured to specific business cases, with additional
fraud prevention tools, monitoring and reporting, and business services. PAY.ON enables
payment providers to rapidly increase international revenues, reduce costs and risk, and
accelerate market expansion.
Headquartered in Munich, PAY.ON has subsidiaries and representation in New York, Hong
Kong, Salzburg, Manila, London, and Sydney.
For more information, visit http://www.payon.com
[https://www.payon.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
Â
Media contacts:Â
Christopher TaineÂ
PR ManagerÂ
PAY.ON AGÂ
+49-(0)-8945230 557Â
Christopher.Taine@payon.comÂ
EmptyBreak:MARKERÂ
Thorsten Klein, MasterCardÂ
Tel: +49-(0)163 / 480-88-33Â
E-Mail: thorsten_klein@mastercard.comÂ
http://www.twitter.com/MasterCardDEÂ
EmptyBreak:MARKERÂ
Jan Bohler, WBCOÂ
Tel: +49-(0)69 / 13-38-80-41Â
E-Mail: j.boehler@wbco.deÂ
Â
PAY.ON AG
MasterCard and PAY.ON Partner to Deliver MasterPass Acceptance to Over 110 Payment Service Providers (PSPs) and More Than 56,000 Web Shops
MUNICH and FRANKFURT AM MAIN, Germany, July 15, 2015 /PRNewswire/ --
MasterCard and PAY.ON have joined forces to enhance the MasterPass digital wallet
solution by making MasterPass immediately available to more than 110 payment service
providers (PSPs) via PAY.ON's white label global payment gateway
[https://www.payon.com/solutions?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
. This advanced digital payment technology is available to more than 56,000 web
shops worldwide that route payments through PAY.ON's partners. "MasterPass offers
merchants - on the web, via in-app payments on mobile devices, and, in the future, in
stores - a user-friendly solution that simplifies payment for customers by bundling
together multiple payment and customer loyalty cards, and minimizing shopping cart
abandonment," said David Klemm, Head of Acceptance Development Germany at MasterCard.
Wolfgang Berner, Senior Vice President Product at PAY.ON, said: "We are pleased to
further build upon our close partnership with MasterCard. With MasterPass, merchants and
shoppers have a multifunctional payment method that allows for centralized and secure use
of all available online payment methods. This sets a new standard for digital wallets, or
eWallets."
MasterPass simplifies payment processesÂ
When shoppers have to repeatedly enter account details and address information, it
leads to higher rates of shopping cart abandonment. The continuing trend toward shopping
on mobile devices therefore requires innovative, customer and merchant-friendly payment
solutions. With MasterPass, MasterCard is focused on the consumer desire for a fast,
secure and simple payment option. MasterPass combines several technologies for the first
time, creating a digital wallet that stores payment and shipping information in a highly
secure data center at the issuing bank, and then automatically transmits cardholder
information to the merchant during the payment process. Payment is therefore reduced to a
few clicks, and due to the connection with the bank's internal systems, is quicker, easier
to use, and more secure. Unlike some competing products, MasterPass is not a niche
solution, but rather aims to make digital wallet payments ubiquitous for users. Merchants
who implement MasterPass have a significant opportunity to improve customer retention.
PAY.ON's COPYandPAY offers immediate integration of MasterPass in an active, fully set
up widget-based payment page Â
PAY.ON and MasterPass offer the latest payment technology and follow the same
principle; ultimate simplicity and efficiency for end users. MasterPass is available via
PAY.ON's COPYandPAY
[https://docs.oppwa.com/tutorials?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, which allows merchants to quickly enable payment processing within their
online shop by incorporating a few lines of code. The fully set-up, immediately active
payment page includes nearly 100 payment methods and comprehensive fraud prevention tools.
Wolfgang Berner, Senior Vice President Product at PAY.ON, concluded: "COPYandPAY's
widget-based payment page requires one single, unified API to connect to PSPs globally. It
is fully PCI-compliant and links to more than 300 acquirers and alternative payment
methods worldwide. Immediate integration of MasterPass into COPYandPAY reinforces the
suitability of our widget-based payment page for PSPs and their merchants looking for the
perfect payment set-up".
Follow MasterCard on Twitter: @MasterCardNews
[https://twitter.com/MasterCardNews?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
or @MasterCardDE
[https://twitter.com/MastercardDE?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, talk with us on the Cashless Conversations blog
[http://newsroom.mastercard.com/blog/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
and subscribe
[http://newsroom.mastercard.com/subscribe/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
to the latest news at the Engagement Bureau
[http://newsroom.mastercard.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
Follow PAY.ON on Twitter: @PAYON_com
[https://twitter.com/PAYON_com?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, catch up with the latest news on the Official PAY.ON Blog
[http://blog.payon.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ],
or subscribe to the PAY.ON Newsletter
[https://www.payon.com/contact?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
About MasterCardÂ
MasterCard (NYSE: MA), http://www.mastercard.com
[http://www.mastercard.com/index.html?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
, is an international payments and technology company.
With the fastest payment processing network in the world, MasterCard connects
consumers, banks, merchants, governments and companies in more than 210 countries and
territories. MasterCard products and services make daily business transactions simpler,
more secure and more efficient for all stakeholders. This applies to purchases and travel
as well as corporate management and financial administration.
About PAY.ONÂ
PAY.ON delivers white label global payment gateway solutions to payment service
providers, ISOs, acquirers, ISVs, and VARs, enabling them to fully outsource payment
transaction processing or integrate a gateway-to-gateway solution. The core payment
gateway provides cross-border payment processing, PCI-compliant merchant boarding, and
access to more than 300 domestic and international acquirers and alternative payment
methods. Modular solutions are configured to specific business cases, with additional
fraud prevention tools, monitoring and reporting, and business services. PAY.ON enables
payment providers to rapidly increase international revenues, reduce costs and risk, and
accelerate market expansion.
Headquartered in Munich, PAY.ON has subsidiaries and representation in New York, Hong
Kong, Salzburg, Manila, London, and Sydney.
For more information, visit http://www.payon.com
[https://www.payon.com/?utm_source=pr&utm_medium=press%20release&utm_campaign=MasterPass ]
.
Â
Media contacts:Â
Christopher TaineÂ
PR ManagerÂ
PAY.ON AGÂ
+49-(0)-8945230 557Â
Christopher.Taine@payon.comÂ
EmptyBreak:MARKERÂ
Thorsten Klein, MasterCardÂ
Tel: +49-(0)163 / 480-88-33Â
E-Mail: thorsten_klein@mastercard.comÂ
http://www.twitter.com/MasterCardDEÂ
EmptyBreak:MARKERÂ
Jan Bohler, WBCOÂ
Tel: +49-(0)69 / 13-38-80-41Â
E-Mail: j.boehler@wbco.deÂ
Â
PAY.ON AG