- Mastercard and its partners move services to the cloud,
democratizing access to payments technologies.
- Move unlocks opportunities for partners worldwide to enable
contactless payments acceptance via a mobile phone.
Mastercard has partnered with NMI and Global Payments Inc. to
launch its first live Cloud Tap on Phone pilot with Computer
Engineering Group (CEG), a Napa, Calif.-based independent IT
Services provider. Cloud Tap on Phone is one of Mastercard’s
innovative next generation acceptance products, with the software
hosted on Microsoft’s Azure cloud platform.
Mastercard has been spearheading the transition to contactless
payments for years. The demand for faster, more convenient, safe,
and now cleaner ways to pay has driven the transition to
contactless, and it’s a one-way street with touch-free experiences
expected to be permanent for consumers and businesses even after
the pandemic ends. In fact, in the third quarter of 2020,
contactless penetration represented 41% of in-person purchase
transactions globally, up from 37% in the second quarter and 30% a
year ago.
With Tap on Phone, any business – regardless of size - can
deliver new and best-in-class contactless consumer experiences
using a device they already own: a smartphone. Tap on Phone
democratizes point-of-sale technology by turning an Android
smartphone or tablet into an acceptance device, allowing businesses
to accept contactless payments minimizing the need to invest in
hardware terminals or extra features. Merchants can offer enhanced
and accelerated curbside pick-up or payment on delivery, or provide
faster line-skipping checkout in-store, options that are
increasingly important as consumers look to touch-free cash
alternatives.
With the introduction of Cloud Point of Sale (POS), Mastercard
is enhancing its Tap on Phone product and empowering ecosystem
partners to develop their own cloud-based products with new tools
and capabilities. Cloud POS moves key parts of the acceptance
software – the components1 which enable the processing of
contactless transactions and certain security functions – from the
individual smartphone to the cloud, offering robust security,
reducing development and maintenance costs, and creating scalable
distribution channels by allowing immediate connectivity to
partners. Cloud POS also becomes a new channel for Mastercard and
our partners to bring value added services to customers and
businesses.
Mastercard will make its pre-certified Cloud POS software
development kits (SDKs) openly available in multiple cloud
environments, encouraging solution providers, fintechs, acquirers
and processors to innovate and co-create new cloud-first products.
Mastercard’s pilot with CEG represents the first live deployment of
Mastercard Cloud Tap on Phone anywhere in the world.
“We continue to see an accelerating shift to digital payments,
with businesses of all sizes wanting to provide swift, secure,
compelling point-of-sale experiences. Cloud POS enables us to make
these experiences available to our partners with greater speed and
efficiency,” said Milan Gauder, Global Head of Mastercard’s
Acceptance Solutions Group. “Our partners are the center of
everything we do, and our trusted technology powers innovative
experiences, choice, flexibility and certainty, creating the
products they need. Mastercard’s Cloud Tap on Phone delivers on our
promise of ground-breaking products and innovation.”
Mastercard has convened an ecosystem of partners to launch Cloud
Tap on Phone.
- Leading payments enablement technology company NMI
operates as a key integration partner and distributor.
- Global Payments, a leading worldwide provider of payment
technology and software solutions, will provide point of sale
acceptance technology.
- Continuing the company’s commitment to empower small
businesses, CEG, an independent IT services company from
California, serviced by an ISO BNG Payments, becomes the
first company to pilot Mastercard’s Cloud Tap on Phone.
Development of Cloud POS technology and the Cloud Tap on Phone
product has been spearheaded by Mastercard Labs, the company’s new
product development arm. The company’s pilot with CEG follows live
product testing on Mastercard’s own Purchase, N.Y. campus. Cloud
POS is a product of Mastercard’s multi-cloud strategy, meeting
businesses, consumers, financial institutes and partners in the
cloud with innovative applications and services. The company will
conduct further Cloud Tap on Phone pilots and commercial
deployments in other markets in 2021. Currently, Mastercard’s Tap
on Phone solution is in 16 markets across Europe, Asia Pacific,
Latin America, North America and Middle East & Africa. Pilots
are taking place with partners in Costa Rica, Hong Kong, Poland,
Kazakhstan, Romania, Canada, Belarus, Russia, Turkey, United
Kingdom, among other countries.
Notes to Editors:
What Our Partners are Saying
"Tap on Phone technology perfectly complements the acceleration
of contactless payments in the U.S. market. This is a
ground-breaking step in creating a world that enables merchants to
turn their smartphones into a payment acceptance device without the
need of an externally paired physical card reader.” - Nick
Starai, Chief Strategy Officer, NMI
“The pandemic has permanently shifted the way global commerce
operates, forcing companies to respond to increased demands for
safe commerce solutions, such as mobile ordering and contactless
payments. These waves of innovation will continue to accelerate,
driving more and more technological advances across the payments
industry. As an innovation leader in the payments industry, we are
proud to partner with Mastercard on the new Cloud POS acceptance
technology solution that will better equip merchants of all sizes
to provide a faster, safer and more secure experience to help
better serve consumers and their preferences for more advanced
digital commerce solutions.” - Jim Egbert, Senior Vice
President, Business Development & Strategic
Partnerships, Global Payments
“CEG is very excited with the opportunity to work on the
Mastercard pilot program. We are looking forward to using the
contactless tap on phone technology to enhance our service
experience with our retail customers. As a technology company we
are always interested in exploring ways to stay at the cutting edge
of technology development for our business and our IT customers.
The Mastercard Tap on Phone program fits the bill!” - Eric Ross,
General Manager, Computer Engineering Group (CEG)
"We have been selling and supporting a wide range of mobile POS
software and hardware solutions since the inception of mPOS. BNG
Payments is constantly striving to increase our support excellence,
and one way to do this is to find new and innovative ways to
minimize hardware and software issues. With traditional solutions,
we are relying on Bluetooth or audio jack connected credit card
acceptance devices that are all prone to connectivity issues
between the device and smartphone, causing merchants to have
transaction issues and down time. With Cloud Tap on Phone, we are
reducing potential failure points to just a smartphone and data
connection as well as reducing upfront cost by eliminating the need
for additional hardware. This will be the future of mobile
card-present transactions, and I am happy to see that merchants and
cardholders stand to gain the most from this innovation." - Ryan
Theis, Chief Strategy Officer, BNG Payments
[1] An EMV Kernel is a set of interface routines,
security and control functions, and logic defined in EMVCo Standard
(www.emvco.com), to interact with a contact or contactless payment
device, for instance a card or mobile, and retrieve the necessary
data for the transaction authorization.
About Mastercard (NYSE:MA):
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
About NMI:
NMI is one of the world’s leading card payment gateways,
processing over 1.2 billion transactions a year from retail POS,
e-commerce and self-service terminals. Our mission is to use our
expertise to enable more payments, in more ways, and in more
places, all with the utmost security and reliability. To do this,
we provide ISOs, fintech innovators, and technologists with the
software tools to easily work with us. It gives them the freedom to
focus on what they do best, liberates them from restricted payment
methods, and gives them access to the latest payment technology now
and in the future. Our team spans the globe and has a twenty-year
track record of delivering innovative payment solutions across
specific retail sectors and has unparalleled experience in EMV
technology.
About Global Payments:
Global Payments Inc. (NYSE: GPN) is a leading pure play payments
technology company delivering innovative software and services to
our customers globally. Our technologies, services and employee
expertise enable us to provide a broad range of solutions that
allow our customers to operate their businesses more efficiently
across a variety of channels around the world.
Headquartered in Georgia with nearly 24,000 employees worldwide,
Global Payments is a member of the S&P 500 with worldwide reach
spanning over 100 countries throughout North America, Europe, Asia
Pacific and Latin America. For more information, visit
www.globalpaymentsinc.com and follow Global Payments on Twitter
(@globalpayinc), LinkedIn and Facebook.
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version on businesswire.com: https://www.businesswire.com/news/home/20210111005278/en/
Katie Priebe, Global Communications, Mastercard +1 (914)
707-9822 | Katie.Priebe@mastercard.com
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