MasterPass – The Future of Digital Payments

At-A-Glance Q&A

1. What is MasterPass?
MasterPass is a digital platform that allows consumers to use any payment card or enabled device to go
beyond plastic and discover enhanced shopping experiences that are as simple as a click, tap or touch –
online, in-store or anywhere.

2. What is included in MasterPass?

 MasterPass checkout services – to provide merchants a consistent way to accept electronic
payments regardless of where the consumer may be. For in-store scenarios either at the register
or in the aisle, MasterPass will support the use of NFC, QR codes, tags, mobile devices used at
points of sale or traditional plastic cards. For online purchases, MasterPass provides shoppers a
simple check-out process by eliminating the need to enter detailed shipping and card
information with every purchase.
 MasterPass-connected wallets – to enable banks, merchants and partners to offer their own
wallets. Consumers can securely store card information, address books and more in a secure
cloud, hosted by an entity they trust. The wallet is open, which means that in addition to
MasterCard cards, consumers can use other branded credit, debit and prepaid cards.
 MasterPass value added services – to enrich the shopping experience before, during and after
checkout. These will include more information like account balances and real-time alerts, loyalty
programs, as well as Priceless offers and experiences.

3. How will MasterPass work online?

MasterPass-connected wallets enable banks, merchants and partners to offer their own wallets.
Consumers can securely store card information, address books and more in a secure cloud, hosted by an
entity they trust. The wallet is open, which means that in addition to MasterCard cards, consumers can
use other branded credit, debit and prepaid cards.

4. Will competing card brands be accepted on MasterPass?

Yes, MasterPass is an open platform. This means that in addition to MasterCard cards, consumers can
use other branded credit, debit and prepaid cards. However, we plan to build additional special features
and functionality that work better with MasterCard cards.

5. What challenges in the marketplace will MasterPass solve?

MasterCard is looking to solve the following challenges:
 Shopping From Your Phone and Other Connected Devices: MasterPass wallets provide a safe
and simple way to speed up the checkout process without requiring consumers to enter their
financial and shipping information at every new merchant site.
 Managing Wallet Options: MasterPass Online enables merchants to integrate one button to
access a world of wallets that exist today or may be developed in the future.
 Enabling Wallet Competition: MasterPass Wallet allows our partners to avoid creating a wallet
from scratch. Using MasterPass also avoids having to build an acceptance network for each
wallet solution.