Mastercard Joins Forces with Verifone and Global Payments to Enhance EMV Experience
Mastercard is linking up with payments industry leaders to enhance and expedite the consumer checkout experience leveraging the company’s M/Chip Fast technology.
M/Chip Fast prioritizes the parts of a transaction that are most vulnerable in terms of security to speed chip checkout times.
Verifone’s plan is to incorporate M/Chip Fast into its products deployed in the U.S. retailers and will help increase the rate of adoption of faster EMV technology.
“Verifone is committed to creating faster and easier payment experiences for merchants and their customers. This collaboration with Mastercard covers a myriad of different use cases across a range of retail verticals,” said Paul Galant, chief operating officer of Verifone.
Global Payments will make the faster EMV technology available to major merchants within the fastfood, grocery, transit, and other retail environments, where speed is critical to the consumer experience.
David Mangum, president and chief operating officer of Global Payments said, “Global Payments is continually looking for ways to drive better, faster point-of-sale experiences to its merchants and we are pleased to work with Mastercard to deliver this technology.”
“M/Chip Fast also helps move checkout lines as it is built on nearly two decades of contactless or ‘tap-and-go’ convenience and security. Aligning with Verifone and Global Payments supports our desire to get this tool in the hands of more merchants,” concluded Vosburg.