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MasterCard Enters the Mobile Payment Arena

March 6th, 2013 at 2:24 pm

MasterCard has just announced a new digital wallet service that it hopes will take the lead. The service, called MasterPass, evolved out of MasterCard’s PayPass system, which allowed cardholders to pay by tapping their card, phone, or key tag on the point of sale terminal rather than swiping a card. MasterPass pushes the idea a little further in hopes of creating a more universal service – one that can be used with multiple payment types and in various locations. Customers can connect various forms of payment to their MasterPass account, including all of their credit and debit cards as well as mobile wallets created by individual banks and merchants. Once […]

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Cashless at the 2012 Olympic Games in London

April 24th, 2012 at 10:00 am

The London Olympics will be the first Games to feature cashless (or “contactless,” as they say across the pond) payment options at all terminals across each Olympic venue. McDonald’s specifically says it will offer “wave and pay” options in… Read More >>

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Self-Checkout: Helping or Hurting?

April 17th, 2012 at 10:00 am

Remember when self-checkout lines were scary, foreign objects in your local supermarket? People’s opinions were typically “Why should I scan my own groceries when I’m paying cashiers’ salaries?” Well, that sentiment seems to be a thing of the past. Not only grocery stores but CVS, Home Depot, and even IKEA have recently implemented self-scan machines. (Home Depot’s self-serve checkouts even accept PayPal!) It seems Americans enjoy the idea of checkout independence. Many argue that it saves the customer time through shorter lines, and allows employees to be more effective by overseeing more registers and spending more time on customer service. A study published by NCR in 2008 showed 72% of […]

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