23 August 2017
Find out more

ING trials EMV-compliant Internet payments

07 November 2012  |  8539 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)

Finextra news in your inbox

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

Related stories

Dutch banks and telcos disband mobile wallet joint venture

Dutch banks and telcos disband mobile wallet joint venture

19 July 2012  |  10996 views  |  2 comments
Dutch retailers up in arms over ING glitches

Dutch retailers up in arms over ING glitches

25 January 2012  |  6514 views  |  1 comments
Dutch to ditch cash by 2015 - report

Dutch to ditch cash by 2015 - report

10 February 2010  |  14631 views  |  11 comments
Dutch ING customers targeted by iPhone worm

Dutch ING customers targeted by iPhone worm

23 November 2009  |  13543 views  |  2 comments
ING pilots mobile phone app for card personalisation

ING pilots mobile phone app for card personalisation

27 July 2009  |  6699 views  |  0 comments
ING betas Android ATM locater

ING betas Android ATM locater

02 February 2009  |  7206 views  |  2 comments
ING and MasterCard in Romanian m-payments trial

ING and MasterCard in Romanian m-payments trial

27 November 2008  |  9811 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comdownload the paper nowvisit www.abe-eba.eu

Who is commenting?

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12909 views comments | 27 tweets | 23 linkedin
Rabobank constructs physical model to understand IT architectureRabobank constructs physical model to unde...
12756 views comments | 27 tweets | 66 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11569 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10752 views comments | 21 tweets | 35 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10678 views comments | 10 tweets | 8 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job