28 August 2014

MasterCard and Everything Everywhere ink 5-year m-payments deal

28 August 2012  |  6968 views  |  0 Fingers on smartphone keypad

MasterCard has struck a five year deal with Everything Everywhere to build a mobile and digital payments system for the telco giant's 27 million UK customers.

The partners will initially develop a co-branded pre-paid NFC mobile payments system, enabling Orange and T-Mobile customers to make contactless payments at more than 100,000 UK retailers.

This will be followed by other features, including person-to-person money transfers, loyalty rewards and "digital payment services that will enable consumers to have the same simple shopping experience whether they're paying in-store, online or using their mobile device".

The partners will also work on services that allow small business customers to accept payments using mobile devices, although details have yet to be provided.

Marion King, president, MasterCard UK & Ireland, says: "As the use of cash continues to decline, we will be able to provide Everything Everywhere's 27 million customers with an attractive range of new payment services backed by the processing power and security of MasterCard."

Gerry McQuade, chief marketing officer, Everything Everywhere, adds: "By moving our existing co-branded card offers onto mobile devices, we are closer to a world where our customers will be able to use their phone to pay for travel to work, pay for small purchases and take advantage of loyalty rewards from their favourite retail outlets."
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related stories

10 August, 2012
25 July, 2012
19 July, 2012
02 July, 2012
28 June, 2012
15 June, 2012
28 May, 2012
08 May, 2012
26 April, 2012
27 February, 2012
27 February, 2012
14 February, 2011
18 January, 2011
07 January, 2010
09 March, 2009

Related company news

 

Featured job

to £90k base + Commission + Benefits
London, UK

Find your next job