ProPay® Adds MasterCard® MasterPass™ Checkout Service
14 April 2015 - 11:00PM
Business Wire
Integration with ProPay Merchant Services
offers consumers an easy and secure way to pay online
ProPay®, a TSYS® company, announced today that it is further
enhancing online customer checkout options with the addition of
MasterPass, the MasterCard digital payment solution that simplifies
the entire shopping experience for consumers. MasterPass enables
consumers to pay with any enrolled payment card, anywhere, using
any device.
Enrolling in MasterCard MasterPass is intuitive and simple.
Consumers can securely store MasterCard and other branded credit,
debit and prepaid card information, as well as certain private
label and loyalty cards, along with shipping addresses, all in one
place, so that they can be easily accessed during checkout.
MasterPass eliminates the need to enter detailed payment and
shipping information with every purchase, and simplifies the
process of completing a transaction from any connected device.
The online checkout experience continues to be a consumer pain
point with shopping cart abandonment rates as high as 74 percent,
according to research firm, Business Insider. Approximately $4
trillion worth of merchandise will be abandoned in online shopping
carts this year.1 MasterPass makes the shopping experience simple,
secure and easy.
“ProPay is pleased to add MasterCard MasterPass as one of its
checkout options," said Dave Duncan, president of ProPay. “With the
addition of MasterCard MasterPass, ProPay enables merchants with
more than ten ways to accept payments so they may conduct
transactions anytime, anywhere, in-person, online, and offline in a
secure manner.”
“The checkout is simply the means to deliver on a consumer need
or want and the more intuitive we can make that process the more
satisfied the customer,” said Michael Cyr, group executive, North
America Market Development, MasterCard. “We’re honored to partner
with ProPay who shares this vision of driving a faster, simpler and
more secure checkout experience.”
About ProPay
Since 1997, ProPay has provided simple, secure and affordable
payment solutions for organizations ranging from the small,
home-based entrepreneur to multi-billion-dollar enterprises
requiring complex payment solutions. ProPay’s ProtectPay
platform provides software integrators, payment facilitators and
SaaS providers with all the tools necessary to easily implement
payments processing. As a leading provider of complete end-to-end
payment security solutions, ProPay helps reduce the client
organization’s risk of sensitive payment data compromise. ProPay is
a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in
payment data security. For information, visit www.propay.com or
call 888.227.9856.
About TSYS
At TSYS, (NYSE: TSS), we believe payments should revolve around
people — not the other way around. We call this belief
People-Centered PaymentsSM. By putting people at the center of
every decision we make, TSYS supports financial institutions,
businesses and governments in more than 80 countries. Through
NetSpend, a TSYS Company, we empower consumers with the
convenience, security, and freedom to be self-banked. TSYS offers
issuer services and merchant payment acceptance for credit, debit,
prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Georgia, with local
offices spread across the Americas, EMEA and Asia-Pacific. TSYS
provides services to more than half of the top 20 international
banks, and has been named one of the 2015 World's Most Ethical
Companies by Ethisphere magazine. TSYS routinely posts all
important information on its website. For more please visit us at
www.tsys.com.
About MasterCard
MasterCard (NYSE: MA), www.mastercard.com, is a
technology company in the global payments industry. We
operate the world’s fastest payments processing network,
connecting consumers, financial institutions, merchants,
governments and businesses in more than 210 countries and
territories. MasterCard’s products and solutions make everyday
commerce activities – such as shopping, traveling, running a
business and managing finances – easier, more secure and more
efficient for everyone. Follow us on
Twitter @MasterCardNews, join the discussion on
the Cashless Pioneers Blog and subscribe for
the latest news on the Engagement Bureau.
###
1 Source: Measure Your Margins. Business Insider, March 2015
TSYS Media RelationsCyle Mims,
+1-706-644-3110cylemims@tsys.comorTSYS Investor RelationsShawn
Roberts, +1-706-644-6081shawnroberts@tsys.comorProPayScott Nelson,
+1-801-341-5566scott.nelson@propay.comorMasterCardSarah Ely,
+1-914-249-6714Sarah_ely@mastercard.com
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