MasterCard and InterVoice-Brite have entered a strategic alliance to develop systems for conducting secure payment transactions using mobile phones, personal digital assistants (PDAs) and other wireless devices.
Under the agreement, InterVoice-Brite, a US-based supplier of network services and call automation solutions, and MasterCard will co-develop and market secure payment solutions for mobile transactions using credit cards, debit cards, electronic cash and pre-paid cards. The alliance calls for both mag-stripe and chip cards to be made available for integration with InterVoice-Brite's prepaid calling and wireless Internet services.