Mastercard, MatchMove, Tappy team up for tokenization in payments chip

Wednesday 9 December 2020 13:46 CET | News

Mastercard, in partnership with MatchMove and Tappy Technologies have introduced tokenization into a flexible chip, which can be attached to a range of battery-less wearables and accessories.

These accessories and wearables, including watchstraps or keyrings, are thus turned into secure contactless payments devices. As per this partnership, MatchMove cardholders can add their MatchMove Mastercard to this payment chip by simply placing the wearable or the accessory on a Bluetooth-connected device developed by Tappy Technologies. 

Once the Tappy app is downloaded and the in-app instructions are followed, the MatchMove Mastercard will be tokenized via Mastercard’s Digital Enablement Service (MDES) into the secure payment chip of a wearable via the Bluetooth device. This contactless enabled wearable device works exactly like any contactless card or digital wallet where the user taps the wearable at any contactless accepted terminal. 

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Keywords: MasterCard, partnership, MatchMove, Tappy, tokenization, payments chip, wearables, cardholders
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce