Mastercard Payment Transaction Services (MPTS) has collaborated with OpenWay to launch a new digital payment solution that will enable its issuers to implement mobile pay schemes such as Apple Pay, Android Pay, Samsung Pay and facilitate wearable payments.
The solution will make use of Mastercard Digital Enablement Service (MDES) tokenisation, which enables merchants to convert regular card PAN numbers into digital tokens.
MPTS will use OpenWay’s card processing platform to facilitate real-time interface to MDES as well as handle clearing and settlement of tokenised transactions.
MPTS member of management board Marek Sagan said: “This new solution allows us to be an innovative processor that enables all our clients to follow the latest trends in the world of digital payments.
“Together with our vendor OpenWay, we provide a very attractive time to market for such services, which is now key success factor for our clients participating in the process of digitalisation.”