The Global Innovation Jury convenes a large panel of payments industry leaders from around the world every two years. For 2013, the jury included 25 leaders in the payments sector from 13 countries and 5 continents. Members of this select group have all held leadership roles at major organisations in payments such as global banks, major processors, international card schemes and technology firms. The vast majority have lived and worked in multiple countries and as such have a comprehensive understanding of the global payments market. All are still directly involved with payments innovation. Below are the highlights and my commentary on the jurist’s consensus. Continue reading
MasterCard recently introduced MasterPass at the Mobile World Congress. In the last few weeks, MasterCard has sought to clarify the relationship between MasterPass and the omnichannel payments platform announced in February.
MasterPass is a range of services built atop the omnichannel payments platform, including a turnkey white label solution and a robust API that can be embedded into other applications designed for wallet issuers to help them extend and enhance their on consumer relationships. Continue reading