MasterCard (MA) plans to launch PayPass Wallet Services later this year to enable bank and merchant customers to allow purchases in stores or online by paying with a tap of a smartphone, click of a computer mouse or touch of a tablet screen.
MasterCard said Monday it plans to make PayPass Wallet Services available in the third quarter, initially in the U.S., Canada, United Kingdom and Australia. It intends to expand the service to the point of sale over time and provide additional services such as at-a-glance account information before making a purchase; spending controls and immediate alerts; and delivery of targeted offers, coupons and loyalty programs.
American Airlines and Barnes & Noble will be among the first merchants to incorporate the PayPass Online checkout button on their websites, and American will integrate PayPass Wallet into its mobile application, MasterCard said.
