29 August 2015

ING trials EMV-compliant Internet payments

07 November 2012  |  7705 views  |  0 add to basket

ING is testing a new Web shopping service that uses the secure element in a mobile phone to authenticate online transactions.

The trial extends the functionality of the Mobile MasterCard PayPass application, already used to support contactless payments at the point of sale, to cover payments made through a PIN-based mobile application, and via QR codes for Web purchases made via a PC or tablet.

In the latter scenario, the consumer is able to complete the payment step on their phone using a secure QR code that connects the Mobile PayPass application in the user's phone securely to the merchant's online shopping cart.

In both cases, coupons and vouchers can be applied in real-time as the consumer shops, and e-receipts presented upon successful payment.

MasterCard says the trial promises to deliver a similar user experience in both the physical and digital world and a comparable level of security to a regular EMV transaction.

Jorn Lambert, group head, emerging payments, Europe, MasterCard comments: "This trial builds on our recently announced PayPass Wallet Services and our vision of delivering to consumers and merchants a secure, converged payments experience in-store, online or on a mobile device."

The trial, which began in mid-October, will run through the first quarter of 2013.

Comments: (0)

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

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 July, 2012
25 January, 2012
10 February, 2010
23 November, 2009
27 July, 2009
02 February, 2009
27 November, 2008

Related company news

 


Top topics

Most viewed Most shared
Android Pay could launch this week
6276 views comments | 26 tweets | 22 linkedin
FIS opens Indian financial inclusion lab
5782 views comments | 14 tweets | 2 linkedin
SunGard system glitch causes havoc for BNY...
5484 views comments | 12 tweets | 12 linkedin
Kenya's NIC Bank links to Twitter and What...
5168 views comments | 27 tweets | 14 linkedin
Wirecard bids for Worldpay - Bloomberg
4691 views comments | 10 tweets | 7 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job