MasterCard launches brand-agnostic payments processing services platform

BANGALORE, INDIA: MasterCard announced the launch of MasterCard Integrated, the payments processing services platform that powers MasterCard Payment Transaction Services. The platform enables issuers and acquirers to launch secure payments programs to their customers with greater speed and convenience.

“In today’s world of rapid technology and regulatory changes, those in the payments ecosystem need to be nimbler in order to keep up. In order to do so, customers - issuing and acquiring banks and governments seek best-in-class technology platforms and services that are reliable and more secure so they can focus on growth and providing greater value to their consumers,” said Rama Sridhar, senior vice president, Network, Processing & Security Solutions, Asia/Pacific, MasterCard.

MasterCard will now offer fully-integrated hosted processing services, supporting all payment brands.  This further expands the role of MasterCard during the payments process, extending beyond its traditional network-branded switching services.

In addition to traditional issuers and acquirers, MasterCard now also enables governments to build and manage entire payments ecosystems as they look to create better, smarter payment options.

MasterCard Integrated is a comprehensive suite of services and tools which enable customers quickly and easily amend existing products and introduce new products and services to meet evolving consumer needs, capture new market segments, and attract new consumers.

It also significantly reduces fraud and risk for greater peace of mind, providing consumers with a richer, more convenient, and safer experience—anywhere, on any device, across all payment methods.

“Our payments processing platforms have been deployed in multiple MasterCard data centres around the world, and will provide truly seamless global connectivity that only MasterCard can,” Sridhar added.