Google and Samsung among first digital partners to participate in Express
To deliver secure digital payment options to millions of consumers rapidly, MasterCard has launched Digital Enablement Express (Express). Express speeds up the process of digitising and tokenising MasterCard accounts through the MasterCard Digital Enablement Service (MDES).
Financial institutions of all sizes now gain immediate access to the latest digital payments services, while MasterCard partners – digital wallet providers, device manufacturers, card on file merchants and other digital payment providers – have a simple onboarding process to engage with all participating banks.
MasterCard has also announced that Google and Samsung are among the first digital partners to participate in Express.
Through its participation in Express, Google will have a streamlined onboarding process to engage with all participating MasterCard issuers around the globe, accelerating consumer access to Android Pay.
Commented Ariel Bardin, Google’s VP of payments: “We are looking forward to bringing a best-in-class payments experience to consumers with Android Pay. Working with MasterCard’s Express platform will give us a highly scalable way to enable issuing banks to participate in Android Pay, while at the same time, launch a service that has broad consumer access.”
As Express expedites the process of digitising and tokenising MasterCard accounts, issuers will have the immediate ability to participate in Samsung Pay, enabling Samsung to bring secure mobile payments to consumers more quickly, and at scale.
Stated Injong Rhee, EVP at Samsung Electronics, global head at Samsung Pay: “Partnering with MasterCard via Express ensures that Samsung Pay can be brought to millions of consumers globally in a scalable and efficient way that creates value for us and issuers. We are excited to combine MasterCard’s Digital Express program with Samsung Pay to accelerate a digital payment experience that is simple, secure, and works virtually anywhere you can swipe or tap a card, in addition to all the benefits and guarantees that consumers have come to expect with every MasterCard transaction.”
Also, Capital One, Fifth Third Bank and KeyBank are among the first issuers to announce their support of Express.
As connected devices continue to rise, every device can potentially become a secure payment device. This has created both an opportunity and challenge for financial institutions looking to provide secure digital payments to their consumers at scale, said MasterCard.
For several years, MasterCard has worked closely with technology partners and financial institutions to bring tokenised payments to market. The Express global framework now enables every MasterCard issuer to securely digitise tokens into millions of devices, Internet of Things (IoT) environments and Card on File systems, providing consumers with easy access to secure digital payments.
Said Ed McLaughlin, chief emerging payments officer at MasterCard: “MasterCard is working relentlessly to increase payment security and enable innovative new digital services for consumers, to the benefit of all participants in our network. Express now allows key technology partners to make their offerings available to all MasterCard issuers in a simple, safe and consistent manner, extending our network model into digital enablement.”
Added Frank LaPrade, chief enterprise services officer, Capital One Financial Corporation: “At Capital One, we are intensely focused on bringing innovative and secure technology advancements to our tens of millions of customers to help them succeed and simplify their lives. Express provides a streamlined and efficient way for companies to create and rapidly bring to market new products and services as the pace of the evolution of digital payments continues to accelerate.”
