Future of payments does not need Mastercard or Visa – banking chief

A week ago I presented a paper on cloud based payments and the OpenPay cloud payment architecture that we are working on at Standard Bank… The above headline screamed across a couple of websites and the discussion on that statement has since taken on a life of its own on a number of Linkedin groups – where everyone is an expert at everything. Continue reading

MasterCard continues to invest in the future of digital wallets

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