As years pass by, technology has been showing us that it knows no boundary and that the word impossible is not a limitation but a challenge. With the unending upgrades and series of gadget introductions, MasterCard created their own version of innovation. The American multinational financial services corporation, MasterCard, recently launched a new program that can turn any gadgets, be it an accessory or wearable, into a payment device.
According to MasterCard, the said program is an extension of their MasterCard Digital Enablement Service (MDES) and the Digital Enablement Express programs, and this program aims for more flexible consumer interaction and freedom. The program guarantees convenience over this internet of things, the connectivity of one affair to the other.
With this new approach, consumers are to expect a more convenient way of processing their payments and other financial concerns. In a statement released via MasterCard newsroom Ed McLaughlin, Chief Emerging Payments Officer at MasterCard, stated that;
"As more and more 'things' become connected, consumers will have endless possibilities when it comes to how they pay, and will need all of their devices to work seamlessly together. This program eliminates the boundaries of how we pay by delivering a secure digital payment experience to virtually anything - rings, fitness and smart bands, car key fobs, apparel, and whatever comes along next."
In order to make things well prepared for the use of the program, MasterCard partnered with different experts coming from different specializations. To name some, MasterCard partnered with the "designer to the stars Adam Selman, automaker General Motors, wearable technology innovator Nymi, smart jewelry company Ringly, and Bluetooth locator TrackR are among the prominent consumer brands enabling their products through the program."
The idea of connectivity of things and the convenience of a transaction through one platform is indeed exciting. However, the payment integration for the moment only supports CapitalOne cards, which means we better wait for further updates.
