MasterCard Introduces PayPass Wallet - Buy Things Everywhere

At a press conference at CTIA in New Orleans, MasterCard introduced PayPass Online, a version of its PayPass service that lets you buy things using your smartphone, or with a single click on the web. The system sounds like Amazon's "One-Click Buy" extended to other sites, or like PayPal — you have a single, secure login in MasterCard's system, and can use it to shop on any site.

Companies can use PayPass APIs to integrate the system into their own, or use a MasterCard-built white label system. The system accepts any kind of card, and also integrates with an NFC-enabled cell phone. MasterCard reps demoed the new tools using a Samsung Galaxy S II, as we took "a journey to London" all from within our hotel conference room. They showed off paying for a flight using the PayPass Wallet, which shows a virtual credit card as soon as you log in — you can save more than one card, and quickly switch which one is in use.