MasterPass

MasterPass by MasterCard Eases Check Out Process for Merchants

May 6, 2024         By: Mike Dautner

Consumers will be happy to know that soon they will be able to check out quickly and securely at some of their favorite retail locations with their adoption of MasterPass by MasterCard.

Saks Fifth Avenue, one of the world’s most luxury retail destinations, and Postmark, the biggest social commerce marketplace for buying and selling fashion are both planning to accept the payment processing system at their locations.

In addition, NAB Velocity, the omnichannel payments platform from North American Bancard, will also offer the digital payments platform its customers at some point towards the end of 2016.

MasterPass earns its reputation for being a simple, convenient, and trusted digital platform that capable of providing a fast and safe shopping experience at many online merchant sites.

It allows consumers to pay for items they want, while not sacrificing the security they expect, regardless of purchases made via online or mobile.

The platform is designed to store payment and shipping information, which is then readily accessible when a retail customer checks out using something called the “Buy with MasterPass” button and logs into their account.

“MasterPass continues to gain acceptance momentum across merchants in all categories, whether through whether through direct relationships like we have with Saks Fifth Avenue, or through key partners like NAB Velocity,” said Michael Cyr, group executive, U.S. Market Development, MasterCard. “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.”

It’s no secret that device-based digital commerce is growing, thus making mobile the new go-to shopping channel for consumers.

MasterPass can aid retailers of all sizes and across all channels to offer the ideal experience for their customers.

“The Saks Fifth Avenue customer experience is extremely important to us, whether in our stores or online,” commented Dion Rooney, EVP, HBC Digital. “MasterPass is an integral component of providing our customers with seamless and secure shopping at Saks.com.”