M/Chip Advance is MasterCard’s latest EMV-based payment platform for traditional debit, credit and prepaid cards facilitating the deployment of contactless applications and enabling applications such as transit and loyalty. Prior to rolling out M/Chip Advance cards, vendors require certification by a MasterCard accredited test laboratory to ensure that their cards are compliant to MasterCard’s M/Chip Advance specifications.
Clear2Pay is a financial technology company focused on providing financial services institutions with electronic payments technology. Clear2Pay operates in Belgium, France, the Netherlands, Poland, Spain, United Kingdom, Senegal, US, Australia, China, Malaysia and Singapore.
In May 2012, Clear2Pay inked a contract with German financial institution Commerzbank.
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