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Mastercard pilot turns smartphones into a point-of-sale device

Dive Brief:
Mastercard on Monday announced a pilot of its Cloud Tap on Phone service where smartphones can be used as point-of-sale technology, according to a company press release. Mastercard is partnering with NMI and Global Payments, along with independent IT services provider Computer Engineering Group on the effort.
Tap on Phone allows smartphones or tablets to accept contactless payments, thus minimizing the need to invest in hardware terminals or extra features, per the release.
Mastercard will make its pre-certified Cloud POS software development kits openly available in order to encourage solution providers, fintechs, processors and acquirers to co-create new cloud-first products. ....

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Visa calls off Plaid purchase; Moven dives into crypto tech

Bill and Melinda Gates push real-time payments to Pakistan; and other information you need to start your day, from PaymentsSource and around the web. ....

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Mastercard pilots Cloud Tap on Phone for small businesses

In a bid to expand contactless card acceptance, Mastercard is testing its Cloud Tap on Phone tech with Napa, Calif.-based IT services provider Computer Engineering Group (CEG). ....

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Revolut wants U.K. banking license; Singapore discourages cash gifting

Mastercard and Airtel Uganda team for mobile payments; and other information you need to start your day, from PaymentsSource and around the web. ....

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Mastercard pioneers Cloud Tap on Phone, its first pilot of Cloud Point of Sale acceptance technology

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Mastercard pioneers Cloud Tap on Phone, its first pilot of Cloud Point of Sale acceptance technology
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 California-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, safer 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. ....

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