19 June 2018
Visit www.avoka.com

MasterCard to open developer portal

25 May 2010  |  11715 views  |  1 Mastercard, Miss Switzerland

MasterCard is to release Open Application Programming Interfaces (Open APIs) for third-party and independent software developers around the world in a bid to create a new wave of e-commerce and mobile payment applications.

The new Open API program is the first initiative from the newly created MasterCard Labs. The card scheme says it will provide developers with technical documentation, software development kits (SDKs), sample source code, reference guides, and "virtual sandboxes" for testing new applications. A developer forum designed to spur collaboration between MasterCard engineers and developers will also be set up.

Josh Peirez, chief innovation officer, MasterCard says: "We feel this will unleash innovation within our industry especially in the burgeoning areas of e-commerce and mobile payments."

The move follows similar initiatives by PayPal and Google, which have tapped into the inventiveness of the worldwide developer community and spurred the creation of multiple new payment programmes.

In addition to payments, MasterCard says it has identified approximately 20 complementary platforms and services that it plans to open up to developers, including CRMs, ERPs, online games, merchant e-commerce web sites, eWallets, mobile applications, and payroll systems.

MasterCard payment and data services also could be integrated with other data sources and functions to create "mashups" - new applications that are a result of combining multiple data sources.

Garry Lyons, group executive, eesearch and development, MasterCard says the card scheme has already used its open APIs internally to create new iPhone applications, such as its ATM Hunter and Easy Savings apps.

He says: "Opening these and other APIs...will provide developers the opportunity to leverage MasterCard's leading payment platforms and come up with new ideas that may not have been previously considered or thought possible."

Comments: (1)

A Finextra member
A Finextra member 25 May, 2010, 15:04

Its a good move by one of the highly progressing payment schemes in the world. Other payment schemes should follow suite, this would open up a lot of possibilities for everyone and sooner or later we'll find people with creative ideas implementing them for real.

Be the first to give this comment the thumbs up 0 thumb ups!
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

World Bank announces 'Apps for Development' competition

World Bank announces 'Apps for Development' competition

29 April 2010  |  7799 views  |  0 comments
Barclays taps augmented reality for smartphone app

Barclays taps augmented reality for smartphone app

26 April 2010  |  12670 views  |  1 comments | 4 tweets | 1 linkedin
CBA launches augmented reality iPhone app for home buyers

CBA launches augmented reality iPhone app for home buyers

23 April 2010  |  16285 views  |  0 comments
MasterCard opens tech R&D arm

MasterCard opens tech R&D arm

15 April 2010  |  10895 views  |  0 comments
PayPal iPhone app downloaded one million times in three weeks

PayPal iPhone app downloaded one million times in three weeks

07 April 2010  |  10691 views  |  0 comments
Finance-related iPad apps launch

Finance-related iPad apps launch

06 April 2010  |  13195 views  |  0 comments
PayPal iPhone app lets users 'bump' phones to pay

PayPal iPhone app lets users 'bump' phones to pay

16 March 2010  |  13139 views  |  0 comments
Misys plans app store for BankFusion core banking package

Misys plans app store for BankFusion core banking package

05 March 2010  |  13150 views  |  0 comments
Yodlee introduces FinApp store for developers

Yodlee introduces FinApp store for developers

23 February 2010  |  11808 views  |  0 comments
PayPal opens up to third party developers

PayPal opens up to third party developers

04 November 2009  |  9666 views  |  0 comments
MasterCard, Amex move into money management space

MasterCard, Amex move into money management space

15 October 2009  |  15221 views  |  1 comments
MasterCard launches ATM Hunter iPhone app

MasterCard launches ATM Hunter iPhone app

15 April 2009  |  9151 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://info.nice.com/Visit iliad-solutions.com/

Who is commenting?

A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: BIS: Cryptocurrencies...
A Finextra member Finextra Member Commented on: Monzo launches bill tr...
A Finextra member Finextra Member Commented on: NatWest taps Open Bank...
A Finextra member Finextra Member Commented on: HSBC promises $17bn in...

Top topics

Most viewed Most shared
10,000 jobs could be lost to robots says Citi10,000 jobs could be lost to robots says C...
48813 views comments | 44 tweets | 35 linkedin
Ripple exec says DLT not ready for banks...yetRipple exec says DLT not ready for banks.....
10615 views comments | 9 tweets | 32 linkedin
UK launches £2.5bn startup initiativeUK launches £2.5bn startup initiative
9470 views comments | 30 tweets | 26 linkedin
HSBC promises $17bn investment in technologyHSBC promises $17bn investment in technolo...
8396 views comments | 8 tweets | 21 linkedin
Live: EBAday2018, day oneLive: EBAday2018, day one
8244 views comments | 6 tweets | 5 linkedin

Featured job

Six-Figure Base + OTE + Benefits
London, UK

Find your next job