MasterCard has announced that American departmental store Saks Fifth Avenue and Poshmark, a social commerce marketplace, will now accept its digital commerce solution MasterPass.
NAB Velocity, the omnichannel payments platform from North American Bancard, has also agreed to provide the digital payments platform to its customers starting later this year.
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MasterPass, introduced in 2013, allows consumers to make quicker and more secure purchases online or in app, using any device.
The platform, which is currently available in 24 countries, securely stores payment and shipping information that is easily accessible during check outs using the “Buy with MasterPass” button and logs into their account.
Michael Cyr, group executive for US market development at MasterCard said: “MasterPass continues to gain acceptance momentum across merchants in all categories, whether through direct relationships like we have with Saks Fifth Avenue, or through key partners like NAB Velocity.
“With increased acceptance of MasterPass, more consumers can go online, place their order and pay with just a couple of clicks. The burden of entering delivery and billing information is eliminated, further enhancing the shopping experience.”
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By GlobalData
