Visa, MasterCard to offer more phone paying options - KNOE 8 News; KNOE-TV; KNOE.com |

Visa, MasterCard to offer more phone paying options

Posted: Updated:
© MGN Online © MGN Online

NEW YORK (KNOE 8 News/AP) - Visa and MasterCard are introducing Internet-based technologies to make it easier for shoppers to buy things at retail stores without pulling out a credit card.

The two technologies were announced separately on Wednesday. They will give merchants and banks more options for incorporating so-called contact-less payment systems into their mobile apps. The customer uses the app to make purchases by tapping the phone to a store's card reader.

The technologies tap a new feature in Google's Android operating system. Before, card information had to be stored on a secured part of the phone. Now, it can be stored remotely instead. A retail or banking app on the phone then retrieves what's needed to complete the transaction.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.