MasterPass by MasterCard Simplifies Check Out for Merchants Large and Small
May 09 2016 - 8:00AM
Business Wire
Saks Fifth Avenue one of several new partners
that plans to accept MasterCard’s digital commerce solution that
provides a safer, more seamless experience for shoppers
More consumers will be able to check out quickly and securely
now that Saks Fifth Avenue, one of the world’s premiere luxury
retail destinations and Poshmark, the largest social commerce
marketplace for buying and selling fashion, plan to accept
MasterPass by MasterCard, MasterCard announced today. NAB
Velocity, the omnichannel payments platform from North American
Bancard, will also offer the digital payments platform to its
customers starting later this year.
MasterPass is a simple, convenient, trusted digital
platform that provides a fast, safe shopping experience at
thousands of online merchants. It enables consumers to pay for the
things they want with the security they demand, online or mobile,
using any device. The platform securely stores payment and shipping
information, which is readily accessible when a consumer checks out
using the, “Buy with MasterPass” button and logs into their
account.
“MasterPass continues to gain acceptance momentum across
merchants in all categories, whether through direct relationships
like we have with Saks Fifth Avenue, or through key partners like
NAB Velocity,” said Michael Cyr, group executive, U.S. Market
Development, MasterCard. “With increased acceptance of MasterPass,
more consumers can go online, place their order and pay with just a
couple of clicks. The burden of entering delivery and billing
information is eliminated, further enhancing the shopping
experience.”
With device-based digital commerce growing and smart devices
becoming the new first-stop shopping channel for consumers,
MasterPass can help retailers of all sizes and across all channels
deliver the best possible experience for their customers.
“The Saks Fifth Avenue customer experience is extremely
important to us, whether in our stores or online,” said Dion
Rooney, EVP, HBC Digital. “MasterPass is an integral component of
providing our customers with seamless and secure shopping at
Saks.com.”
U.S. consumers can sign up for a MasterPass account by visiting
the MasterPass website or through a participating
bank. Launched in 2013, MasterPass by MasterCard is free, easy to
set up, and accepted anywhere you see the “Buy with
MasterPass” button. It is currently available in 29
countries and is accepted at 270,000 merchants globally.
For a list of MasterPass accepting retailers in select markets,
please visit www.shopnow.masterpass.com.
About MasterCard
MasterCard, www.mastercard.com, is a technology company in
the global payments industry. We operate the world’s fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. MasterCard’s products and solutions
make everyday commerce activities – such as shopping, traveling,
running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on
Twitter @MasterCardNews, join the discussion on
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version on businesswire.com: http://www.businesswire.com/news/home/20160509005190/en/
Media:MasterCardRobyn Cottelli,
914-249-1347robyn.cottelli@mastercard.comorPoshmarkJoanna
Riedljoanna@poshmark.comorNorth America BancardAshley Fisher,
248-269-6000, x 1271afisher@nabancard.com
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