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MasterCard Signs 5-Year Mobile Payments Contract with Everything Everywhere
Published on:
UK based Everything Everywhere has announced an exclusive, five-year partnership with credit card processor, MasterCard to develop mobile and digital payment services.
One of the first products to launch through the partnership will be a co-branded pre-paid solution for mobile devices that allows customers to make payments using Near Field Communications technology.
Over the course of the partnership, MasterCard and Everything Everywhere will expand its scope into other areas, including person-to-person money transfers, loyalty rewards and digital payment services that will enable consumers to have the same simple shopping experience whether they're paying in-store, online or using their mobile device. In addition, the two companies will develop services that allow small business customers to accept payments using mobile devices, with more details to be announced later this year.
Marion King, President of MasterCard UK & Ireland, said: "As the use of cash continues to decline, we will be able to provide Everything Everywhere's 27 million customers with an attractive range of new payment services backed by the processing power and security of MasterCard."
MasterCard and Everything Everywhere have already been working together for the last three years on Orange QuickTap, the first commercially available Near Field Communications-enabled payments service in the UK, and the Orange Cash pre-paid card, both delivered in 2011.
Tags: [everything everywhere] [mastercard] [nfc] [UK]
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