LEHI, Utah & COLUMBUS, Ga.--(BUSINESS WIRE)--ProPay®, a TSYS® company, announced today that it is further enhancing online customer checkout options with the addition of MasterPass, the MasterCard digital payment solution that simplifies the entire shopping experience for consumers. MasterPass enables consumers to pay with any enrolled payment card, anywhere, using any device.
Enrolling in MasterCard MasterPass is intuitive and simple. Consumers can securely store MasterCard and other branded credit, debit and prepaid card information, as well as certain private label and loyalty cards, along with shipping addresses, all in one place, so that they can be easily accessed during checkout. MasterPass eliminates the need to enter detailed payment and shipping information with every purchase, and simplifies the process of completing a transaction from any connected device.
The online checkout experience continues to be a consumer pain point with shopping cart abandonment rates as high as 74 percent, according to research firm, Business Insider. Approximately $4 trillion worth of merchandise will be abandoned in online shopping carts this year.1 MasterPass makes the shopping experience simple, secure and easy.
“ProPay is pleased to add MasterCard MasterPass as one of its checkout options," said Dave Duncan, president of ProPay. “With the addition of MasterCard MasterPass, ProPay enables merchants with more than ten ways to accept payments so they may conduct transactions anytime, anywhere, in-person, online, and offline in a secure manner.”
“The checkout is simply the means to deliver on a consumer need or want and the more intuitive we can make that process the more satisfied the customer,” said Michael Cyr, group executive, North America Market Development, MasterCard. “We’re honored to partner with ProPay who shares this vision of driving a faster, simpler and more secure checkout experience.”
Since 1997, ProPay has provided simple, secure and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises requiring complex payment solutions. ProPay’s ProtectPay platform provides software integrators, payment facilitators and SaaS providers with all the tools necessary to easily implement payments processing. As a leading provider of complete end-to-end payment security solutions, ProPay helps reduce the client organization’s risk of sensitive payment data compromise. ProPay is a wholly owned subsidiary of TSYS (NYSE: TSS) and is a leader in payment data security. For information, visit www.propay.com or call 888.227.9856.
At TSYS, (NYSE: TSS), we believe payments should revolve around people — not the other way around. We call this belief People-Centered PaymentsSM. By putting people at the center of every decision we make, TSYS supports financial institutions, businesses and governments in more than 80 countries. Through NetSpend, a TSYS Company, we empower consumers with the convenience, security, and freedom to be self-banked. TSYS offers issuer services and merchant payment acceptance for credit, debit, prepaid, healthcare and business solutions.
TSYS’ headquarters are located in Columbus, Georgia, with local offices spread across the Americas, EMEA and Asia-Pacific. TSYS provides services to more than half of the top 20 international banks, and has been named one of the 2015 World's Most Ethical Companies by Ethisphere magazine. TSYS routinely posts all important information on its website. For more please visit us at www.tsys.com.
MasterCard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
1 Source: Measure Your Margins. Business Insider, March 2015