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Mobile Payments

Mastercard to boost consumer checkout experience

Friday 12 May 2017 | 01:06 PM CET

Mastercard has announced is joining forces with payments industry providers to boost consumer checkout experience leveraging the company’s M/Chip Fast technology.

M/Chip Fast prioritizes the parts of a transaction critical to security to speed chip checkout times.

Verifone intends to incorporate M/Chip Fast into its products deployed in the US. Verifone products, including the FIPay line, are used by most of the top 200 US retailers and will help drive adoption of EMV technology.

Global Payments will make the EMV technology available to merchants in the fast food, grocery, transit and other retail environments, where speed is critical to the consumer experience.

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