MasterCard and Commonwealth Bank Support NFC Payments on Samsung Phones
Published on: 12th Dec 2013
By: Ian Mansfield
Credit card company MasterCard has announced it will enable Commonwealth Bank of Australia customers to load and store payment account credentials on select NFC enabled Samsung devices.
Commonwealth Bank of Australia is the first bank to collaborate with MasterCard and Samsung to offer this service to its customers, using Mobile MasterCard PayPass within its CommBank app on the embedded secure element of the Samsung Galaxy S4.
MasterCard and Samsung, in partnership with financial institutions and mobile network operators worldwide, plan to complete similar service rollouts over the next year, including launches in Turkey, Russia and the Ukraine in the first quarter of 2014.
"With today's news, we are ensuring that MasterCard cardholders can 'light up' Samsung devices for payments as they become available in the market," said Mung Ki Woo, Group Executive, Mobile & Industry Alliances, MasterCard.
The Samsung Galaxy S4 and Galaxy Note 3 are two of the more than 140 devices, including 32 Samsung smartphones and tablets, certified as part of the MasterCard PayPass Ready program launched in May of 2012.