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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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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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.