How MasterCard plans to transform mobile purchases
BARCELONA, Spain--The hype around mobile payments is just the tip of the iceberg when it comes to the coming transformation for how people purchase goods and services.
That's according to Ed McLaughlin, chief emerging payments officer for MasterCard, who spoke with CNET about his company's vision. While at the Mobile World Congress conference, MasterCard unveiled its MasterPass system, which addresses not only mobile payments, but also all forms of digital transactions. MasterPass is designed for purchases made in stores, online, or on the phone. "It's a foundation for moving to a world beyond plastic," McLaughlin … Read more