MasterCard has today announced that ten UK payment service providers have committed to PayPassTM Online by MasterCard, part of PayPass Wallet Services, dramatically increasing the number of UK merchants able to accept wallet payments online and on mobile.
Leading UK payment service providers (CQR, CreditCall, DataCash, MoPowered, Optimal Payments, Pensio, Sage Pay, SecureTrading, The Logic Group,and WorldPay) have agreed to integrate with the scheme, which enables more online and multi-channel retailers to have the tools available in order to capitalise on the growing online and mobile commerce market. This market is predicted to make up approximately 45% of UK retailers' total revenue by 2014 .
Marion King, President UK & Ireland said "With an ever increasing number of transactions being made online, merchants need to cater to changing consumer lifestyles and expectations. They need to offer shoppers peace of mind that their personal details are safe, offer a wider choice of payment options and quicker transaction times, which can ultimately translate into increased customer satisfaction and an uplift in sales. With PayPass Wallet Services we are again demonstrating our commitment to using our technology and expertise to offer these benefits to consumers, issuers, and merchants whilst offering the state-of -the-art security protection of the MasterCard payment system."
PayPass Wallet Services by MasterCard allows merchants to accept electronic payments across multiple channels, whether the purchase is made online using a computer, tablet or smartphone. By integrating PayPass Online into eCommerce sites, merchants can speed up the checkout process, helping to reduce the number of abandoned shopping carts, and shoppers can easily access all their payment and shipping information. These services enable a consistent shopping experience no matter where or how consumers shop, as well as a suite of digital wallet services, and developer tools to make it easier to connect other wallets into the PayPass Online acceptance network.
DataCash President, Ajay Bhalla, comments: "As a MasterCard Company, DataCash was pleased to be the first Payment Service Provider to add PayPass Online as a payment option for Merchantserchants. At DataCash, our vision is to transform the digital payments experience for everyone everywhere, and PayPass Wallet provides three vital components that achieve this for the modern shopper: it's secure, saves time at the online checkout and enables convergence of multi-channel payment options, including online, in store and when paying with a smartphone or tablet device."
Phillip McGriskin, Chief Product Officer, WorldPay comments: "Consumers are only ever one click away from a competitor's website, and WorldPay's priority is to help merchants to secure as many conversions as possible. We have partnered with PayPass Wallet Services so merchants can streamline the payment experience, and offer customers a quick, convenient and secure way to pay online."
Angus Burrell, UK Sales Director, Pensio states "As an international Payment Management Company Pensio are pleased to be working with MasterCard and see the PayPass Online solution as a valuable addition to our suite of payment methods and mechanisms helping increase both merchant acceptance and consumer choice across online and mobile channels."
Mark Kusionowicz, Marketing Director, Logic Group says "Providing a consistent range of simple, fast, and secure options for consumers is clearly the future for payments. The Logic Group is working with MasterCard as a trusted partner to offer merchants the ability to easily integrate PayPass Wallet Services into their existing platforms. This will not only provision a streamlined service for our customers but will also provide a smooth experience for consumers, too."
"At Optimal Payments, we work hard to keep our technology platform at the leading edge, offering our customers more functionality and flexibility than other payment service providers," said Danny Chazonoff, COO at Optimal Payments. "By integrating PayPass Online into our NETBANX payment acceptance service, transactions become faster and easier for cardholders, increasing sales for merchants, and offering the enhanced security you would expect from a brand like MasterCard."
Justin Fraser, Sales & Marketing Director, Europe at SecureTrading said, "PayPass Wallet Services perfectly aligns with SecureTrading's aim to be leaders in delivering innovative e-commerce solutions to help our clients grow their business domestically and internationally. Working with MasterCard enables us to offer our merchants an extension to their multi-channel strategy and engage with their customers in a consistent way across both online and mobile."
We're proud to offer our merchant customers PayPass Wallet Services and further strengthen our partnership with MasterCard," said Edward Chandler, CEO of CQR Payment Group. "New devices and technologies are rapidly altering how consumers pay and merchants get paid. With PayPass, consumers and merchants now have the ability to make and accept payments from different devices, across different channels, anytime and anywhere. We're looking forward to working with our UK merchants to ensure they enjoy the benefits PayPass has to offer."
Dominic Keen, CEO MoPowered, "MoPowered's mobile commerce solutions closely align to the PayPass value proposition. Merchants are quickly reacting to the sweeping changes to how consumers wish to engage and interact with online brands via the mobile channel. MoPowered are very excited to partner with MasterCard to support PayPass Wallet Services objectives to increase the speed and convenience of online payments"