Posts filed under ‘MasterCard’

MasterCard to launch Mobile MoneySend platform

MasterCard is going to launch its P2P mobile remittance platform for issuers in the US later this month. MasterCard has partnered with The Bancorp Bank for this launch and worked with US mobile payments services provider Obopay to add a mobile channel to its money transfer platform MoneySend. In a first phase, consumers will be able to use MoneySend with a MasterCard prepaid card issued by The Bancorp Bank and link it to their mobile phone number to send or receive money. Banks who will use the platform will enable customers who register for MoneySend to use it with their everyday accounts, including MasterCard debit, credit, prepaid or checking, as determined by their issuer. The platform enables users to send and receive funds via SMS message, mobile web browser or a downloadable MoneySend application. Upon the initiation of the transfer, the sender approves the request by entering the MoneySend mobile PIN which is only known by the accountholder. Subsequently, the recipient receives a text message confirmation of the transfer (for pre-registered users) or that the transfer is pending (for yet to be registered users). The funds can then be accessed by the recipient through an account designated during the registration process. Initially, this will be a prepaid account with The Bancorp Bank. These funds are then available for access through the mobile phone. If the consumer has a MasterCard card associated with the account the funds can also be accessed at traditional points of interaction, including ATMs, over-the-counter at a bank branch, or at the point-of-sale.

Wireless Industry News

May 15, 2009 at 22:54 Leave a comment

Carrefour targets m-payments trials by year-end

The retail chain Carrefour has announced plans to work with a number of French mobile operators to begin trials of Near Field Communications (NFC) m-payments trials in the country by December 2009. Carrefour says the trial will allow customers of Orange, SFR and Bouygues to make secure mobile contactless payments via a version of its MasterCard loyalty card, known as Pass. The mobile payments can be redeemed as mobile coupons and will effectively replace their existing store cards.

Wireless Industry News

February 4, 2009 at 17:47 Leave a comment


Feeds

Email Newsletter

Recent Posts

Top Posts

August 2017
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031  

Categories