Oracle and Mastercard to Deliver Seamless Payments
February 27 2017 - 02:00AM
Business Wire
At Mobile World Congress, Mastercard today announced a global
partnership with Oracle that is designed to deliver a streamlined
digital payment experience to the retail and hospitality
industries.
The partnership will initially focus on three needs for
restaurants, hotels and retail stores:
- In-Store Experience – Oracle and
Mastercard will partner to develop and scale enhanced in-store
payment experiences including Qkr! with Masterpass. This is a
mobile app that enables consumers to seamlessly order and pay for
goods and services via their smart phone without having to wait in
line or for a restaurant server. This integration will make
transactions simple, convenient and secure and remove friction for
the customer.
- Operational Efficiencies –
Rather than develop and implement separate payments solutions for
their in-store and online operations, retailers can benefit from a
fully-integrated digital payment and fraud prevention offering
through Mastercard Payment Gateway Services.
- Cross-Channel Consistency – The
integration of Masterpass, the digital payment service from
Mastercard, into Oracle products allows retailers to provide a
seamless check-out experience across different channels.
Mastercard and Oracle are already working with joint partners
such as wagamama, Carluccio’s, Young & Co.s Brewery and
Geronimo Pubs. They are using Qkr to let their customers order
additional items during meals, pay at the table when they are ready
and split the bill with others.
In 2017, Mastercard will expand the Qkr platform to six
additional markets – Brazil, Canada, Ireland, Singapore, South
Africa and the United States – to seamlessly pay for fees, supplies
and excursions at schools, and make payments at gas stations,
parking, sports arenas, and unattended retail such as vending
machines.
Commenting on the announcement, Chris Fendley, SVP Merchant
Development, Mastercard, said: “With close to 80 percent of
consumers using technology at some point along their shopping
journey, Mastercard is committed to unlocking omni-channel commerce
for every device and delivering convenient experiences to users
at-home, in-stores and on-the-go. Building on the success of our
joint initiatives with Oracle in the UK, we can help retailers and
hospitality providers connect with their customers in more engaging
ways while enabling them to grow their businesses with scale, speed
and security.”
Download our Mobile World Congress 2017 app or
find a complete list of Mastercard news announcements in our
Digital Press Kit. Check out our Periodic Table of Payments to
brush up on your payments knowledge. Follow us
@MastercardNews or using the hashtag #MWC17 to join the
conversation.
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Media:Bernhard Mors,
914-249-2295Bernhard.mors@mastercard.com
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