MasterCard M/Chip Advance evolved from the M/Chip platform. Its compatibility with current M/Chip and EMV technology allows card issuers to utilize existing infrastructure and investment to build both their brands and emerging businesses. With the inclusion of MasterCard PayPass, M/Chip Advance also consolidates contact and contactless platforms, bringing cost savings and operation efficiency for issuers, vendors and other industry partners.
MasterCard has developed a number of applications that extend and go beyond the payment security offered by MasterCard M/Chip, its underlying chip platform. The MasterCard OneSmart suite of applications is supported by M/Chip Advance and uses the features of M/Chip. It enables MasterCard customers to deploy business solutions that enhance their cardholders’ experience.
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