Mastercard Launches Digital Vendor Directory to Assist Customers with Their Tokenization and Digital Wallet Development Efforts
February 23 2017 - 9:05AM
Business Wire
Directory Provides Information on Digital
Vendors’ Services, Geographic Reach and Readiness to Tokenize and
Digitize Card Portfolios and Launch Masterpass-enabled
Wallets
As adoption of digital payment becomes more prevalent in every
corner of the globe, Mastercard continues to work with its partners
to create a more open, connected and secure ecosystem. Mastercard
today announced the launch of its Digital Vendor Directory, a list
of vendors that provides more options for Mastercard customers
seeking digital payments services and solutions.
The Digital Vendor Directory was developed to help Mastercard
customers identify vendors they may engage to more easily and
quickly tokenize and digitize card portfolios and deploy their own
Masterpass-enabled digital wallets, using the service provider of
their choice. The directory lists both global and regional vendors
and provides information about each vendor’s digital offering and
geographical presence. In addition, each vendor is assigned a level
of standard, gold or platinum, reflecting the vendor’s readiness
level in integrating with Masterpass and with the Mastercard
Digital Enablement Service (MDES). The directory currently lists a
total of 28 vendors, including the following platinum or gold-level
vendors: AEVI, equensWorldline, Giesecke & Devrient,
Netcetera, Payair Technologies (platinum level), Sparkling18, uPaid
and Ximedes.
“We have been a pioneer of digital commerce innovation for years
and we are excited to be working with so many great partners to
deliver new digital payment options to our issuers and cardholders
around the world. Our Digital Vendor Directory will make it easier
for issuers to learn about a wide range of digital offerings
available to them, and is another way in which Mastercard is able
to provide more choices for our customers and help bring digital
payments for all cardholders,” said Kiki Del Valle, senior vice
president, Digital Payments & Labs at Mastercard.
Cardholders want to be able to use their Mastercard when, how
and where they want – and will choose the digital option that best
suits their day to day needs. Mastercard is working to ensure that
every one of its accounts is as digital as the people using them,
and alongside its customers is designing rich, innovative,
compelling and secure ways to pay across all channels and devices.
The Masterpass digital payment service supports multichannel,
multi-device commerce to enable a wide range of consumer shopping
preferences. By adding digital payment functionality through
Masterpass, customers can enhance and differentiate their existing
product suites, including their mobile banking applications, and
integrate its proprietary services – e.g., balance display,
purchase alerts and paying with points. Mastercard and customers,
together through Masterpass, provide the simplicity, trust and
value consumers need to embrace digital payments.
Support for the Mastercard Digital Vendor Directory
- “At Payair Technologies, we are proud
of our strengths in innovating the payment space and at the same
time delivering with quality, following the highest security
standards and regulations. Banks are naturally cautious when
planning and deploying new products that potentially can affect
payments for millions of end users. Our experience and proven track
record makes this process much easier for our customers. Mastercard
is providing an open ecosystem, which benefits both financial
institutions and fintech companies. With the Digital Vendor
Directory, financial institutions get scalable and global digital
payment infrastructure solutions, while fintechs get access to
APIs, documentation, sandboxes and trustworthy certifications in
order to create innovative solutions,” said S�ren Babra, CEO and
founder of Payair Technologies.
- “We are proud to be listed in the
Mastercard Digital Vendor Directory,” said Stefan Auerbach, Group
Executive Mobile Security at G&D. “The G&D Convego Hub
solution is key to our digital offering, and with integration to
MDES it enables seamless access to secure mobile payment services,
adding new options to Mastercard issuers. In addition, it provides
manufacturers of wearables, mobile devices and other wallet issuers
with secure and convenient payment functionality.”
Mastercard customers can currently access the directory through
their Mastercard Connect account. Mastercard anticipates the
Digital Vendor Directory will grow throughout 2017 as additional
vendors serving more markets participate, and plans to expand the
directory later this year for use by additional digital
partners.
About Mastercard
Mastercard (NYSE: MA), 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 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 the Beyond the Transaction
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Bureau.
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Mastercard CommunicationsBrian Gendron,
914-325-1799brian.gendron@mastercard.com
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