Money20/20: Google, Visa & Mastercard Bring Android Pay To ‘Hundreds of Thousands Of New Sites’

“Android Pay users will soon be able to pay on hundreds of thousands of new sites […] using their preferred device authentication method – like fingerprint recognition.”

Google announced today that it has entered into strategic partnerships with Visa and Mastercard to expand the Android Pay mPayment platform across the mobile web.

Google, Visa & Mastercard Bring Android Pay To ‘Hundreds of Thousands Of New Sites’ — (image via The Keyword)

In early 2017, Android Pay users will be able to link their Mastercard Masterpass or Visa Checkout accounts to their mobile wallet, enabling easy and secure mPayments at the many online stores that already support the nextgen payment methods in question.

Writing in a post announcing the team-up on The Keyword (Google’s official blog), Google’s global head of payment product’s Pali Bhat explained, “Android Pay users will soon be able to pay on hundreds of thousands of new sites where Visa Checkout or Masterpass are accepted using their preferred device authentication method – like fingerprint recognition.”

According to Bhat, the compatibility with Masterpass and Visa Checkout will expand to retail point of sale too, with users who have linked their accounts to Android Pay able to make secure and convenient contactless payments in physical stores.

According to separate statements released by Visa and Mastercard respectively, the Android Pay integration comes are part of a broader opening up of their platforms. Masterpass specifically has also been integrated into Microsoft Wallet and Samsung Pay. As with Android Pay, the Microsoft and Samsung integrations will roll out early next year, too.

“Mastercard is working to ensure that every one of our accounts is as digital as the people using them,” said Garry Lyons, Chief Innovation Officer at Mastercard. “Enabling our cardholders to use digital wallets to shop online via Masterpass is the latest example of our work – alongside our banks, merchants and digital partners – to deliver rich, innovative, compelling and secure ways to pay and get paid across all channels and devices, redefining commerce globally.”

Visa and Mastercard are each participating in this week’s Money20/20 conference, taking place in Las Vegas. At the show, both financial services giants are participating in panel discussions concerning the role of biometrics in commerce.

—

October 24, 2016 – by Peter B. Counter

Partners

FaceTec’s patented, industry-leading 3D Face Verification and Reverification software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ finally make trusted, remote identity verification possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for 3D Liveness and Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

AuthenticID provides 100% automated identity verification and fraud detection solutions that are leveraged by companies worldwide, including 2 of the top 3 U.S. Banks, 8 out the top 10 wireless providers in North America, and 2 of the 3 credit bureaus. Using proprietary computer vision and machine learning technology, these solutions help companies accurately verify the identity of their users across retail, digital and call center environments for onboarding and ongoing re-authentication events; KYC, IAM, and more. The solutions are easy to integrate and provide customers a large ROI by stopping fraud losses, increasing customer conversion at onboarding, reducing operational costs and allowing quick and cost-effective operational scalability, all while ensuring global privacy regulations are complied with. https://www.authenticid.com/

Anonybit is a privacy-focused technology platform that provides decentralized solutions for securing personal data, particularly biometric information. Rather than storing sensitive data in centralized repositories, which are vulnerable to breaches, Anonybit uses a distributed architecture that breaks data into smaller encrypted bits and stores them across a network of decentralized nodes. This approach ensures that no single entity has access to the full dataset, enhancing privacy and security, even preventing insider threats. Anonybit is used by leading banks, fintechs and other enterprises for critical biometric identity functions like deduplication and blocklist checks, step up authentication, passwordless login and account recovery https://anonybit.io/

Identity Week aims to be a significant identity industry catalyst. It’s our mission is to help accelerate the move towards a world where trusted identity solutions enable governments and commercial organisations to provide citizens, employees, customers and consumers with a multitude of opportunities to transact in a seamless, yet secure manner. All the while preventing the efforts of those intent on doing harm. https://identityweek.net/

The Biometric Digital Identity Prism is a market landscape framework designed to help influencers and decision makers understand, innovate, and implement digital identity technologies and solutions. This innovative framework for understanding and evaluating the rapidly evolving biometric digital identity marketplace is the only market model that is truly biometric-centric based on the foundational conviction that in the age of digital transformation the only true, reliable link between humans and their digital data is biometrics. https://www.the-prism-project.com

ID R&D is an innovator of biometric facial liveness, document liveness, and voice biometrics. Ranked #1 by NIST, our patented passive approach to liveness, and specialized detection of voice clones, injection attacks and deepfakes, empowers KYC and authentication systems with fast, accurate and secure biometric verification technologies. Over 140 partners in more than 70 countries are collectively processing hundreds of millions of identity checks per year. ID R&D solutions easily integrate with mobile, web, messaging, smart speakers, set-top boxes, and IoT devices. Learn more: www.idrnd.ai

“Android Pay users will soon be able to pay on hundreds of thousands of new sites […] using their preferred device authentication method – like fingerprint recognition.”

Footer

Follow Us