07/05/2012 by Emily Price on Mashable
MasterCard is unveiling what it calls “the future of payments for consumers, merchants and partners” at the CTIA Wireless conference in New Orleans Monday. We’re streaming the whole thing live exclusively onMashable starting at 6:00 p.m. EST, 3:00 p.m. PST.
Since the conference is held by the Cellular Telecommunications Industry Association (CTIA), it’s a good bet MasterCard’s announcement about the future of payments will have focus on its mobile strategy.
Earlier Monday, MasterCard unveiled its Mobile Payments Readiness Index (MPRI), an analysis of 34 countries and their readiness to use mobile payments. The index identified Singapore, Canada, the United States, Kenya and South Korea as the most prepared markets.
MasterCard also recently unveiled a new brand identifier called “MasterCard PayPass Ready” that certifies several NFC-capable phones including the LG Viper, HTC One X, and Samsung Galaxy Nexus, as tested and certified by MasterCard for use with its PayPass technology.
Near-Field Communication (NFC) allows data to be transferred by tapping a phone on the surface. In the case of mobile payments, payments can be made by tapping your NFC-capable phone at a merchant rather than handing over your credit card.
Phones that have received the “PayPass Ready” certification may be branded as such via a sticker or marking on the device’s packaging. The certification may also be mentioned in advertising materials.
What do you think MasterCard has planned? Let us know your thoughts in the comments.
Source: Mashable
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