PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

In Beta: MasterCard Opens its Payments Platform

Mercator Advisory Group by Mercator Advisory Group
February 10, 2011
in Analysts Coverage
0
Hand of woman paying with contactless credit card, NFC technology

Hand of woman paying with contactless credit card with NFC technology in an electrical shop, credit card reader, payment terminal, finance concept

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Over the past couple of years, the payments industry has woken up to the fact that the developer community is a tremendous potential source of transaction volume. As app/uploadedImages/Content/Featured_Stories/mastercasrd.bmp

volume has increased on smartphones and tablets, the software developer can reach millions of potential users. Developers within large enterprises, smaller shops doing contract work for enterprise customers, and the classic “one man in the attic” are potential drivers of payment volume.

IP Commerce has been a leader in the open payments platform world, connecting multiple services and payment mechanisms through its comprehensive platform. And, PayPal has earned no little attention from its X.com Adaptive Payments initiative, a program to drive payment volume through the PayPal system.

Now MasterCard is opening up its network through a set of payment APIs, an ATM, rePower, PayPass Locator, and access to its Offers system. The program is now in Beta serving, as its Web site says, “a small group of external developers.”

It’s easy to imagine issuers building apps to take advantage of the API set. Hook up that app or facility to Aisle Buyer, for example, and you have an in-store purchasing capability tied to the issuer’s MasterCard. How this new facility gets used from MasterCard will be interesting to watch. In particular, it will be interesting to note how thoroughly MasterCard engages with and supports the developer community. Offering its marketing power would go a long way to driving developer interest.

We are very excited to announce the opening of our portal for beta testing with a small group of external developers.

Over the past few months, MasterCard developers have tested the site, the initial services, and created a few cool apps. And now, we are confident and excited to enable a small group of external developers with exclusive access to our site and services. As you can see, our site provides sample code, SDKs, libraries, forums and blogs, as well as a mechanism to request development keys that will allow developers to code and test in the sandbox.

In this first phase, developers will have access to three services:

• Payments: Our global network

• Locations: Our point of interest databases to deliver ATM, rePower and Prepaid Travel Card locations in the U.S., as well as PayPass locations in the U.S. and Canada

• Offers: Discounts, deals and offers currently available through the MasterCard Easy Savings Program

This is just the beginning. We will be enhancing the features of the services we’re offering, plus adding many new services over the coming months and years.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    digital payments

    Navigating the Future: Top Digital Payment Trends to Watch

    March 31, 2023
    scams

    As Scams Become Omnipresent, New Tools Can Help FIs Fight Back

    March 30, 2023
    item clearing

    As Check Volumes Decrease, Financial Institutions Need to Consider Alternative Clearing Options

    March 29, 2023
    payments friction

    Too Much Payments Friction Can Lead to Customer Chafing

    March 28, 2023
    online fraud

    Understanding the Cost of Online Fraud and How to Prevent It

    March 27, 2023
    live shopping, ebay

    Q&A: eBay Exec on Live Shopping and the Future of Payments

    March 24, 2023
    AI and Biometrics in Regulatory Compliance in Finance

    The Importance of AI and Biometrics in Regulatory Compliance in Finance

    March 23, 2023
    Everyone Benefits from the Real-Time Payment Networks  

    Everyone Benefits from the Real-Time Payment Networks  

    March 22, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result