Mastercard Accelerates the Pace of Commerce Innovation with Launch of Mastercard Developers
September 28 2016 - 05:00AM
Business Wire
The API platform provides easy integration with
Mastercard payments, data and security solutions
Mastercard today makes it even easier for developers to create
next-generation commerce solutions with the launch of Mastercard
Developers.
This single gateway enables Mastercard partners to access a
diverse range of Application Programming Interfaces (APIs) across
payments, data and security. The platform also includes a ‘New and
Experimental’ API category that enables partners to test new
technologies and applications.
The experimental APIs, developed at the company’s eight R&D
Labs around the world, will help partners build, scale and enable
payments on new platforms. At the same time, they will have a
foundation to explore payments integration into new categories such
as augmented reality, virtual reality and the Internet of
Things.
“We see Mastercard Developers as empowering our customers,
partners and their developers in their efforts to innovate and grow
their own businesses,” said Oran Cummins, senior vice president for
APIs at Mastercard. “The new platform will serve as a key way to
integrate Mastercard technology and services into their digital
solutions in an easy and cost-effective way. And, consumers will
benefit from the simpler, faster and safer experiences driven by
these efforts.”
Partners now have access to more than 25 Mastercard APIs –
including key services like Masterpass and Mastercard Digital
Enablement Services – in a format they can more easily connect to
and integrate with. Included in this is a new API that has been
developed to maximize financial inclusion efforts. The Mastercard
Aid Network helps to streamline aid distribution, even in the
absence of telecommunications infrastructure, while providing more
transparency to humanitarian organizations and non-profits.
The new Mastercard Developers provides a streamlined experience
and clear, developer-friendly documentation with APIs supported by
software development kits (SDKs), developer tools and sample code
for the top six programming languages. The platform has been
growing and has seen a 400 percent increase in usage in the past
year.
Key APIs in Mastercard Developers:
Payment:
- Masterpass: A digital payment service
that simplifies the shopping experience. It allows consumers to pay
with any payment card, anywhere, with any device.
- Mastercard Digital Enablement Services
(MDES): Provides services around the tokenization of MasterCard
card numbers for increased payment security.
- Mastercard Send: Can send P2P,
Disbursement, and Remittances transactions to almost any Debit
account, often within seconds.
Data Services:
- Market Insights: Provides access to
trend and sales data at industry and micro-sector levels far
earlier than government or other industry sources.
- Retail Location Insights: Offers
insights to commercial real estate about the monthly performance of
retail locations to help evaluate acquisitions, optimize rents, and
validate conclusions.
- Media Measurement: Measures the impact
of digital media campaigns on online and offline sales.
Security:
- Fraud Scoring for Merchants: Allows a
merchant or its fraud solution provider to obtain a transaction
score ranging from 000 to 999 – the higher the score, the higher
the likelihood of fraud.
- MATCH: Helps acquirers identify
potentially high-risk merchants before entering to a merchant
agreement.
- Assurance IQ: Provides a confidence
level for a user’s digital identity, which can then be used to
determine if a further form of authentication is suggested.
Experimental:
- Bot Commerce: Provides bot integration
with commerce platforms to enable commerce functionalities and
Masterpass integration.
- Qkr! with Masterpass: A mobile
payments platform that enables consumers to order and pay for goods
& services from their smart device.
- Mastercard Vending: Helps to easily
connect your mobile app to our vending platform – enables customers
buy directly in-app.
Financial Inclusion:
- MC Aid Network: An end-to-end,
non-financial service designed to streamline aid distribution even
in the absence of telecommunications infrastructure.
Additional services will be added to Mastercard Developers in
the coming months. For more details about the platform, please
visit developer.mastercard.com.
About Mastercard
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 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 Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
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MastercardChaiti Sen, 917-408-2912chaiti.sen@mastercard.com
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