Under the agreement, the service is set to address traditional issuance and processing, compliance, supply chain management, fraud and customer service support. It is initially set to support payments at bricks and mortar stores, with the possibility to support online payments in the future.
In recent news, MasterCard has launched a global initiative dubbed the MasterCard Mobile Point-of-Sale (MPOS) program that is set to provide best practices to mobile point-of-sale services providers and merchants.
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