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MasterCard starts Mobile Payment trial

By on August 13, 2008 at 11:16pm in Bell Mobility News, Mobile News, Various News

Back in May MasterCard announced an upcoming trial with Bell Mobility customers that allows them to pay for goods or services via their mobile phones. The trial has officially started and runs until November 2008.

Participants on the trial can use their mobile phone to make “contactless” payments at any merchant that accepts MasterCard PayPass (24 million locations such as fast food restaurants, gas stations, grocery stores and convenience stores). No signature is not required for purchases under that is under 50 bucks. All you have to do is tap your phone (within 2 inches) to the payment reader and watch your credit card statement easily increase…The dollar amount will show up on your monthly credit card statement.

As for the safety of the mobile phone payments: “Thanks to special security technology, contactless payments are as safe as traditional card payment transactions. Contactless payments also provide more consumer control, since the mobile phone doesn’t have to leave your hands to be swiped by a merchant/retailer. All PayPass enabled mobile phones are protected with Zero Liability coverage for any fraudulent transactions.”

More info here at MasterCard Canada

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Discussion

5 comments for “MasterCard starts Mobile Payment trial”

  1. interesting article

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    Posted by Zaifan Bashbacour | August 14, 2008, 4:13 pm
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  2. [...] just get a trial that turns into a commercial product this time, or is that too much to ask?[Via MobileSyrup]Read | Permalink | Email [...]

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    Posted by MasterCard fires up mobile payment trial in Canada | TECHTODAY GET LATEST NEWS OF MOBILES COMPUTERS EVERYTHING | August 21, 2008, 10:03 pm
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  3. Does mastercard understand the importance of security? Nothing in any of their trials talks about security standards.

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    Posted by Enrique | August 22, 2008, 9:12 am
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  4. This trial is only open to those with a Citi MasterCard PayPass -enabled phone. The rest of us need not apply.

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    Posted by midtoad | August 22, 2008, 12:10 pm
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  5. [...] mobilesyrup) « Free Nokia Bluetooth Stereo Headset BH-503 for N96 limited [...]

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    Posted by Mastercard PayPass + Bell Mobility for Mobile Payments at MultiCellPhone.com | September 11, 2008, 2:29 pm
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