Mastercard and Verizon announce new partnership for 5G contactless payments

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Mastercard and Verizon announce new partnership for 5G contactless payments

CNBC2021-07-13

Mastercard and Verizon announced Tuesday a new partnership focused on 5G contactless payments for consumers as well as small- and medium-sized businesses. They hope to have some innovations from the ...

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Comment（19）

CL777
·2021-07-14
Amazing news
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5
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- CL777:
  YEa
  2021-07-16
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- potatochip:
  [Cool]
  2021-07-15
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- CL777:
  Yea
  2021-07-14
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chansin
·2021-07-14
Great
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Winggy
·2021-07-14
MasterCard is doing well!
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1
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MonaMaMa
·2021-07-13
Mastercard is likely to take off
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2
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T1gerSlayer
·2021-07-13
Pls like if u use visa....
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Rowenstitch
·2021-07-13
Good
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MuppyKoh
·2021-07-13
Great
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1
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- Blokespot:
  Good
  2021-07-14
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tearach
·2021-07-13
Pls like
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Kate86
·2021-07-13
Wow great
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Derlin
·2021-07-13
Please like my comment
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3
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- Angelinetang:
  Liked
  2021-07-13
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Ellora
·2021-07-13
Geeat
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3
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- limpeh:
  awesome!
  2021-07-13
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Shawnn_13
·2021-07-13
Amazing
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4
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- Abcdefgg:
  Great
  2021-07-13
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OldYee
·2021-07-13
Tap onto technology is good!
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2
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Jmlim
·2021-07-13
Wow
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1
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- schsch:
  yea
  2021-07-13
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Eileenz88
·2021-07-13
Like n comment pls ?
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2
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- WarenKong:
  Like n comment
  2021-07-13
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- sarahtjm:
  okay
  2021-07-13
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Qwer1234
·2021-07-13
Ok
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3
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- roastmarsh:
  ok!
  2021-07-13
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WStreetsBets
·2021-07-13
Pay on delivery?
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4
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- strongstonks:
  ok
  2021-07-13
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Torres87
·2021-07-13
Like please, thanks
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8
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- Arc3009:
  comment
  2021-07-13
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- drynoodles:
  Ok
  2021-07-13
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Elon2
·2021-07-13
..
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- Trader404:
  ..
  2021-07-13
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- Trader404:
  ..
  2021-07-13
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- kentt0414:
  ...
  2021-07-13
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A small business, how are they going to do it? That's exactly what this will bring; 5G allows us to deliver the full experience,\" Mastercard CEO Michael Miebach first told CNBC, ahead of the announcement. \"For example, I choose an item in a shop, but actually they don't have the color I like. So I'm going to have it sent home, and it is going to be paid once it arrives, all of that is coming together and we with 5G will be enabling this.\"\n\"5G will enable the small- and-medium business to handle transactions more quickly and focus on what they are really delivering to customers,\" Verizon CEO Hans Vestberg told CNBC. \"You can use 5G to create more frictionless ways of transacting with your customers and focus on your business. That's of course what we see with touchless stores and coming out from Covid, I think we see much more touchless because it's part of our society today.\"\nThe Mastercard-Verizon partnership looks to further digitize and disrupt global consumer spending at retailers and other merchants, which the payments giant estimates to be around $50 trillion annually. Teams from Mastercard and Verizon will be embedded at Mastercard's New York City Tech Hub working on additional applications for the 5G alliance.\nThe use of Internet of Things (IoT) and Mobile Edge Computing (MEC) in retail are two of the additional applications that will be explored by teams at Mastercard's Tech Hub. MEC allows cloud computing and other online capabilities at the limits of an internet network.\n\"We're bringing the computing and storage of data closer to you as a consumer, that means that you can get hold of a service quicker, it's going to be more secure because it's closer to you. Some data has to be very close, some data can be very far away,\" Vestberg said. \"That can be in any industry, but a very good use is the financial industry, because transactions need to be very secure.\"\nMiebach believes small- and medium-sized businesses will be the biggest growth area for 5G contactless payments and the increased computing power has to potential to grow their businesses.\n\"As a small business owner, you have to compete in a more digital fashion than ever before. You might have been brick and mortar before,\" Miebach said. \"Let's say you're at restaurant, you tried out curbside pickup and now you want to run the business across both channels. That's a better experience but at the same time, it will drive more turnover for the merchant, will drive more turnover for an issuing bank that issues a credit card as well as for us.\"\n\"There's also more reach into new types of payments,\" he added. \"In the end, the way I look at it from our businesses, we're building a long term market for us to grow into.\"","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":145668450,"gmtCreate":1626221706170,"gmtModify":1703755704475,"author":{"id":"3560241002253187","authorId":"3560241002253187","name":"CL777","avatar":"https://static.tigerbbs.com/e9aef3dd830373a0427a3447b1b564e3","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3560241002253187","idStr":"3560241002253187"},"htmlText":"Amazing news","listText":"Amazing news","text":"Amazing 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is doing well!","listText":"MasterCard is doing well!","text":"MasterCard is doing well!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145137545","repostId":1173040703,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":145317844,"gmtCreate":1626189696088,"gmtModify":1703755263319,"author":{"id":"3574563425538377","authorId":"3574563425538377","name":"MonaMaMa","avatar":"https://static.tigerbbs.com/a0368c85249a7a2f30679720235bb7a7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574563425538377","idStr":"3574563425538377"},"htmlText":"Mastercard is likely to take off","listText":"Mastercard is likely to take off","text":"Mastercard is likely to take 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