Paypass

MasterCard outlines mobile strategy

The last piece of the mobile contactless payments puzzle in the U.S. is the commercial roll-out of NFC-enabled handsets from major OEMs and carriers, according to MasterCard.

MasterCard Worldwide announced the issuance of the 50 millionth MasterCard PayPass card or mobile device, as of the fourth quarter 2008, which in the last year more than doubles the number of cards and devices in circulation worldwide.

U.S.
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