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MasterCard Pushing NFC Mobile Program

Written by Evan Schuman
November 6th, 2008

MasterCard’s PayPass is ramping up its mobile program with an over-the-air provisioning service to supposedly make it easier for consumers to personalize their payment data on their mobile devices.

As long as a consumer has a phone using Near Field Communications (NFC), MasterCard says the program should work. “First, the PayPass application is securely transferred onto a secure area of the consumer’s mobile phone via the mobile network. Next, the PayPass application is personalized with the consumer’s individual payment account details,” a MasterCard statement said.

Posted in E-Commerce, Mobile/Wireless/Contactless, Payment Systems, RFID, Security/Fraud
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