MasterCard is offering a new payment service called PayPass Wallet Services. It's a digital wallet which allows purchases to be made with a single click or tap. Customers will get to enjoy a faster and easier way to pay.
The PayPass Wallet will be up against competing payment services from major competitors Visa, Paypal and Google.
The PayPass Wallet is set to be released in the third quarter of 2012. Partners already onboard are JB Hi-Fi, American Airlines, CBA, and Westpac.
The PayPass Wallet has three components to steamline the shopping experience: PayPass Acceptance Network, Paypass Wallet, and PayPass API.
To learn more about the lastest payment innovations and strategies, check out the Cards and Payments Australasia expo.