How MasterCard and Visa Just Made Banks the Next Big Players in Mobile Payments

By Jason Del Ray.

MasterCard and Visa announced on Wednesday a plan to endorse a new mobile payments technology that could bring the idea of using your phone to tap-to-pay for purchases back from the dead.

The technology is built into the latest version of the Android mobile operating system, called KitKat, that was released in the fall. At the time, the payments industry was abuzz about the inclusion of support for something called host-card emulation. BlackBerry already supported HCE, but Android’s market share dominance was the reason to now take notice.

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About Paul Tocatlian

Technology professional with a keen interest in mobile, middleware, cloud, and web technologies. For more information, visit www.tocatlian.com.
This entry was posted in Mobile Commerce, Mobile Tech & Trends and tagged , , . Bookmark the permalink.

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