Google is bringing Android Pay to the UK market, and consumers sporting a MasterCard card will be among the first ones to try out the new feature.
This means passengers with a contactless bank card can ditch the Oyster Card system. Transport for London will accept all UK-issued contactless cards.
MasterCard is tapping on a huge trend to provide a more creative and safe way to pay – through selfies.
Monitise has announced that Santander, Telefonica and MasterCard will be putting up a £49.2 million joint investment to help further the mobile payments company’s cause, and support the global rollout of its platform.
Banks and payment processors are set to benefit from the solution that works in tandem with banking security software to weed out cyber attackers before they cause trouble.
Basware Pay is being rolled out to try and streamline the buyer and seller transaction process that currently sees too many invoices paid late and SMBs out of pocket.
Visa and Mastercard are planning to get rid of their current online security verification system, and replace it with something a bit more modern and secure.
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