Sunday , August 18, 2019

Microsoft Integrates Microsoft Pay With Masterpass In Its Latest Bid to Enhance the Wallet

Microsoft Corp. continues to make enhancements to Microsoft Pay in a highly competitive market for digital wallets. This week, the computing giant said Microsoft Pay has been integrated with Masterpass, the online wallet from Mastercard Inc. that lets consumers pay with stored credentials from a variety of payment providers.

“We are deeply committed to powering a secure and optimized shopping experience that consumers and merchants deserve,” said Raj Dhamodharan, senior vice president of digital solutions at Mastercard, in a Microsoft blog post about the development. “Integrating technologies like Microsoft Pay with Masterpass will help the industry move to standards-based payments. Microsoft is a great partner and we will continue to collaborate with Microsoft to make shopping a better experience on all devices.”

Added Will White, partner group program manager at Microsoft, in the blog post: “We are always seeking to enhance our users’ shopping experience in a secure and simple manner and this latest release does that by leveraging the growing Masterpass network.”

Microsoft Pay is the renamed Microsoft Wallet service the company introduced in 2016 for its mobile-device line. Besides direct purchases, the wallet allows users to pay bills and buy goods in apps or through chatbots.

With the integration, consumers in the United States who are using Microsoft’s latest Edge browser on a Windows 10 device are able to log in to their Microsoft account and use their Microsoft wallet to buy from any merchant that accepts Masterpass. “Thousands” of online merchants accept Masterpass currently, according to the payments company.

This development represents the latest enhancement Microsoft has made to Microsoft Pay this year. In May, the company adapted the wallet to let users of the Outlook email program pay bills and invoices they receive through their Outlook account. The adaptation allows billers to leverage Microsoft Pay to embed payment capability within their emails to customers.

Check Also

EMVCo Proposes Spec Changes To Accommodate Longer Issuer IDs

Payment card standards body EMVCo on Thursday disclosed proposed specifications changes to accommodate the coming …

Do NOT follow this link or you will be banned from the site!