MasterCard has teamed up with retail giant Costco pursuant to which the retailer’s online store in Canada will be live with MasterCard’s digital payment solution, Masterpass.
The implementation will enable Canadian shoppers to shop at Costco.ca and pay using Masterpass.
Costco’s offering of Masterpass at Costco.ca comes after a 2014 announcement, whereby MasterCard was given rights to exclusively accept credit network at Costco Wholesle Canada’s 97 warehouses and the launch of the Capital One MasterCard exclusively for Costco members.
Masterpass stores all payment information, including card details from MasterCard and other payment networks, and shipping information, in one convenient, secure place.
Once shoppers click on the Masterpass button at checkout and sign into their account, all purchasing information is readily accessible to ensure quick payments.
MasterCard senior vice president of Canada market development Iain McLean said: “Canadians are increasingly shopping online and expect an experience that is fast, convenient and secure.
“With Masterpass available at Costco.ca, members get the checkout experience they have come to expect with Masterpass, plus the excellent offers available from Costco.”
With the latest move, Costco joins online merchants including Air Canada, Joe Fresh, Pizza Pizza, Indigo, Landmark Cinemas and London Drugs who offer fast, easy and secure digital payment with Masterpass.