MasterPass, the digital platform from MasterCard, eliminates the need to enter detailed shipping and card information to complete their online shopping at MasterPass merchant websites that have the “Buy with MasterPass” button on their check out page. Consumers can store MasterCard and other branded credit, debit and prepaid card information, address books and more. This solution, which is initially being deployed for e-commerce, will at a second stage enable merchants to offer to their customers to pay in store with MasterPass and encourage the convergence of payment experiences using new technologies such as NFC and QR code.
The collaboration covers Belgium, The Netherlands, France, UK, Germany and Spain in a first phase and the remaining countries Ogone operates in later on. Starting with the end of November 2013, MasterPass will be available on Ogone’s online payment platform.
Currently, Ogone enables more than 42,000 customers to operate internationally in 70 countries using its connections via certified links with over 200 different banks and acquirers. Through its subsidiary Tunz.com, Ogone holds a certified European e-money license, offering ‘plug and play’ virtual wallets to their merchants without them having to open foreign accounts and sign contracts with third-parties.
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