MasterCard and mFoundry partner to offer NFC payments within mobile banking apps

Hoping to add more punch to the standard mobile banking app, mFoundry has announed that it will be making MasterCard's NFC feature PayPass available in its financial apps. What that translates to for the mobile banking user is a quick and easy way to pay without having to use an additional service like Google Wallet or whatever Isis has up its sleeve. mFoundry currently provides mobile banking services for more than 560 financial institutions and credit unions including PNC, Bank of America and Citi -- so chances are, if you're using a mobile banking app, it's powered by mFoundry. Sadly, the same cannot be said for the extremely limited amount of NFC phones that can actually support the feature. Perhaps having the option within a standard banking app will help the trend take off -- at least amongst those with NFC phones.

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MasterCard and mFoundry partner to offer NFC payments within mobile banking apps originally appeared on Engadget on Thu, 01 Dec 2011 16:15:00 EDT. Please see our terms for use of feeds.

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Source: http://www.engadget.com/2011/12/01/mastercard-and-mfoundry-partner-to-offer-nfc-payments-within-mob/

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