27 May 2017
Find out more

MasterCard MasterPass arrives in the UK

30 July 2013  |  11428 views  |  0 Woman figure shopping on top of keyboard

MasterCard has brought on board some major retailers, including Argos and Boots, as well as issuer MBNA, for the UK launch of its MasterPass digital payments service.

MasterPass is designed to provide merchants with a consistent way to accept electronic payments, wherever they are.

For online purchases, shoppers click the MasterPass button on a retailer site, access their wallet and authenticate transactions with a password, without having to enter shipping and card information every time.

With e-commerce sales outstripping the high-street, MasterCard says its service will help retailers reduce checkout abandonment rates, which affected 37% of all online transactions in the first quarter of 2013, equating to more than £6 billion, according to IMRG and Capgemini research.

Argos, Boots, House of Fraser, The Hut Group, and Seetickets.com are among the first UK firms to commit to the service, which is already being used by thousands of retailers in the US, Australia and Canada.

Sarah Jasper, commercial marketing director, The Hut Group, says: "Across each of our retail sites we see innovation in checkout experience having a measurable impact on customer loyalty. MasterPass provides our customers with a faster, more convenient way to shop and helps us attract and retain new customers too."

MasterCard's Andrew Key and IMRG's Andrew McClellend spoke to Finextra about the service:
KeywordsE-COMMERCE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

UK gets pre-paid mobile wallet

UK gets pre-paid mobile wallet

23 July 2013  |  11462 views  |  16 comments | 9 tweets | 10 linkedin
Zapp chooses Oracle for mobile commerce platform

Zapp chooses Oracle for mobile commerce platform

17 July 2013  |  8100 views  |  2 comments | 4 tweets
Visa and MasterCard face another interchange suit

Visa and MasterCard face another interchange suit

28 June 2013  |  7844 views  |  0 comments | 12 tweets | 9 linkedin
MasterCard aims to Simplify Commerce for smaller merchants

MasterCard aims to Simplify Commerce for smaller merchants

27 June 2013  |  9277 views  |  0 comments | 6 tweets | 12 linkedin
Digital wallet fee on PayPal 'appropriate' - Visa CEO

Digital wallet fee on PayPal 'appropriate' - Visa CEO

21 March 2013  |  12056 views  |  1 comments | 23 tweets | 23 linkedin
MasterCard unveils MasterPass digital payments service

MasterCard unveils MasterPass digital payments service

25 February 2013  |  11780 views  |  1 comments | 15 tweets | 7 linkedin
RBS becomes first UK bank to back Visa V.me wallet

RBS becomes first UK bank to back Visa V.me wallet

28 November 2012  |  13053 views  |  0 comments | 26 tweets | 13 linkedin
Visa launches developer centre for digital wallet

Visa launches developer centre for digital wallet

16 November 2011  |  10469 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Download the paper nowvisit vasco.com/news/PSD2-compliant-solutionsvisit dh.com

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
12876 views comments | 49 tweets | 79 linkedin
Bank/fintech collaboration can take transaction banking to new heightsBank/fintech collaboration can take transa...
7659 views comments | 12 tweets | 24 linkedin
R3 raises $107mR3 raises $107m
6742 views comments | 16 tweets | 16 linkedin
TransferWise launches multi-currency business bank accountsTransferWise launches multi-currency busin...
6664 views comments | 12 tweets | 20 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job