Accelerating deployment of seamless, secure acceptance solutionsMarch 21, 2023
The Mastercard Engage partner network helps connect customers with technology partners to build innovative guest checkout and point-of-sale solutions that deliver consumer choice
Mastercard continues to enable greater payments acceptance, nearly doubling its number of acceptance locations to more than 90 million in the last five years. Today, Mastercard is enhancing the Mastercard Engage partner network to include agile technology providers that can quickly deploy innovative merchant acceptance solutions, offering secure, frictionless and convenient ways to pay.
As consumers and businesses increasingly expect a wider range of payment options, Mastercard is working across the ecosystem to offer more payment choice and flexibility, including scaling Click to Pay, Secure Card on File and Mobile Point-of-Sale (MPOS) solutions. The technology providers in the Engage network offer a variety of acceptance capabilities – from end-to-end payments capabilities and data-driven insights to artificial intelligence and beyond – and Mastercard customers can select the partner that best meets their needs to swiftly bring innovative acceptance solutions to market.
In today’s fast-paced world, e-commerce is continuing to grow at an accelerated pace – and that also means more potential for fraudulent activity. To reduce fraud and offer a more convenient online shopping experience, Click to Pay secures transactions using tokenization (replacing a card’s primary account number with a unique alternate card number or token) and eliminates the need to manually enter your card details every time you shop online. Cards stored in your merchant profile are also tokenized through Secure Card on File, which enables fast, secure payments every time you check out online – your credentials are also updated automatically if your card expires or gets lost. Using Click to Pay together with Secure Card on File enables merchants to extend the security benefits of tokenization across all of their checkout experiences, enable more successful transactions and make it simple for ‘guest’ shoppers to register their card details to reduce friction in the future.
The seamless, convenient experience of paying online should also be consistent with the experience of paying in-store. By eliminating a merchant’s need for traditional terminal hardware, MPOS solutions enable payment acceptance anywhere in-store – simply and quickly. Businesses of all sizes can turn their smartphone or tablet into an acceptance device to provide shoppers with best-in-class contactless payment experiences, including Tap on Phone.
“As merchant acceptance continues to grow, we’re partnering across the ecosystem to empower businesses of all sizes to embrace digital payment solutions in a seamless, secure way,” said Jennifer Marriner, executive vice president, Acceptance Solutions at Mastercard. “Mastercard Engage partners will help accelerate time to market and enable new payment acceptance locations for millions of consumers in-store and online.”
To continue building and scaling payments acceptance solutions in store and online, the following new partners as well as existing Engage members are supporting the deployment of new acceptance solutions through the enhanced Engage program:
Deja Mobile (Global): Enables merchants to accept contactless payments easily and quickly using an entirely software-based acceptance solution
Felix Payment Systems (Global): Offers cloud kernel payment acceptance to unleash Tap on Phone across the mobile payment ecosystem
Giesecke +Devrient (G+D) (Global): Creates innovative security solutions in four major playing fields: enabling secure payments, providing trusted connectivity, safeguarding identities and protecting digital infrastructures
Netcetera (Europe): Interconnects the entire digital payment ecosystem and provides hassle-free digital payments
Payair (Europe): Helps banks and financial institutions to build and implement smart and innovative digital payment solutions
Phos (Global): Turns any near-field communication Android device into a point-of-sale terminal, making contactless payments available to consumers anywhere, anytime
Symbiotic (Latin America & Caribbean): Provides secure, reliable and innovative Tap on Phone technology to financial institutions, merchant acquirers and technology companies
Thales (Global): Helps financial institutions, payment service providers and merchants to deliver secure and frictionless payment experiences
Vibrant (Europe): Offers a super scalable solution for accepting contactless payments that is built for seamless integration and can convert 2,000+ different Android devices into payment terminals
Yazara (Global): Enables any smartphone or tablet to be used as a point-of-sale terminal without any additional hardware, and offers a very strong technology and high security standard supported by a world -class team with extensive global market experience
Last year alone, more than 150 technology providers participating in the Engage partner network helped their customers deploy new, innovative solutions on more than 500 million accounts using Mastercard products and services. Through Engage, partners with payments acceptance capabilities will receive opportunities to deploy their solutions in other markets, find new customers, gain visibility through the Engage portal, access product and solution trainings and address any technical questions with developers.
To learn more about Mastercard Engage, visit the website.
Media contact: Jen Langione, Mastercard Global Communications, (917) 408-2941, email@example.com