The convergence of physical and digital commerce is not in the future, it’s happening now. Connected devices such as the iPhone 6 and iPhone 6 Plus and wearables such as the Apple Watch are blurring those lines as they play an increasingly prominent role in all aspects of our daily lives. This shift of every device becoming a shopping device is the biggest change we’ve seen in payments since the introduction of plastic, and yesterday’s news is a defining moment in the industry’s evolution.
New solutions like Apple Pay embody the digital transformation taking place around the world and reinforce our commitment to delivering secure, digital payments. Together, with our partners, we’re moving important products and solutions like EMV and mobile payments out of neutral and driving them forward at full speed.
Given this changing landscape, over the past two years, we’ve focused on developing a secure platform to enable consumers to use their cards when, where and how they want. We’ve come up with a solution that supports the new digital ecosystem we live in today, called the MasterCard Digital Enablement Service – also known as “MDES”.
Here are five things you need to know about MDES and the technology we’ve pioneered to enable secure transactions:
1) What is MDES? MDES helps transform any connected device into a commerce device to make and receive payments. The MDES platform is helping power the new iPhone 6, iPhone 6 Plus and Apple Watch to enable secure payments to take place for contactless and in-app payments.
2) How it works: All MasterCard transactions made through Apple Pay are ready to use industry-standard EMV-level security, and are protected using standards-based payment tokens. Tokens are card numbers that mobile devices use in place of the card number printed on the plastic. MDES validates the transaction, maps from the token back to the PAN and forwards it to the issuer for authorization.
3) Why do we use tokens? Using tokens enable us to deliver a more secure and a better payment experience. The extra layer of security comes from the fact that we can lock a token to a specific device or channel. If the token is somehow compromised and a fraudster tries to use it MDES will block the transaction. The better customer experience comes from the fact that in the event a device is lost or a plastic card is compromised – we can break the link in MDES between the tokens and the card – and reissue the token or the card – without disrupting the consumer. It’s truly powerful when you can use advanced technology to deliver more security and remove consumer pain points.
4) What kind of transactions does MDES support? MDES supports contactless payments and Digital Secure Remote Payments (DSRP). DSRP is a transaction method where a consumer is able to make in-app purchases using a token. Contactless payments leverage NFC technology for point-of-sale transactions, while DSRP delivers EMV-like transaction for in-app payments.
5) What’s next for MDES? MDES makes it easy for our issuing partners to enable their MasterCard accounts on devices that consumers want to use to pay on the go. While MDES launched in the U.S. in 2014, it will expand more broadly to other major markets during the course of 2015, and will be extended to support MasterCard Cloud Based Payments which we announced earlier this year.
Yesterday was a great milestone for delivering digital payments – but the journey continues – keep posted for more developments.
33 Comments
How does one go about connecting with an account specialist to discuss acquiring this technology for other phones (i.e., Androids, etc..), as it pertains to supporting a business that want’s to direct it’s customers to leveraging this emerging technology to purchase goods during a live feed show?
Thank you for reaching out! In addition to our work with Apple, we are working with several other service providers to deliver simple and secure mobile & digital payments to consumers via our MDES platform. Apple Pay is coming out shortly, and we’ll be announcing future service capabilities as they come to market.
Awsome
Payment devices may come in different exciting form-factors, but Authentication will continue to be one of the biggest challenges. “Who are you?” will be the first question to be answered by everyone before they initiate any payment transaction. Multi-Factor Authentication starts with “what you have”, “what you know” and “what you are”. An intelligent, adaptive, step-up, random combination of authentication factors based on context, location, profile, amount of transaction would yield a myriad combination of products and services. Welcome to AaaS – Authentication as a Service
Thank you for sharing
thanks for sharing and accepting news
Webroot is quick and easy to download, install, and activate. From webroot.com/safe protect your devices with webroot antivirus from malware, viruses, harmful websites etc.
Norton Antivirus is an anti-malware software that provides safety to your devices from online threats. norton.com/setup from here you can get your own norton product.
I have been approved for unemployment benefits for three weeks, but I have yet to receive a debit card. How do I get my card? I have tried calling every number available, and put on hold for two hours and eight minutes, each time and then the call disconects. Getting desperate. Need advise please..thank you
Samsung pay does not allow me to use my Mastercard I really use more master card for everything now have a new Samsung phone with a new Samsung pay and I can’t use it
Awsome
My mobile payments are also tied to Mastercard, which is really convenient!
then almost importantly the sound of the lousy give up of the telephone has without a doubt met every certain over the Call Girls in Kolkata
Digital payment is a common phenomenon in this modern era, most smartphone users shop online via their mobile devices, some people say the mobile device is considered as a shopping device rather than only a communication way! During an online transaction, some appropriate precautions should be taken as a safety measure! There are many unwanted incidents happening in the time to doing transactions. For that reason, many phone companies for example Apple provide services for their consumers with digital payment through their app on their device! MDES platform enables people to make payments and receive payments on their mobile devices. Most of the people have been performing online transactions on their electronic devices without any unwanted incident with the help of MDES support! Apple’s authority did an excellent job in this regard and they always try to add the latest and advanced technology to help their consumers. And it is the most important thing they have been always focusing on their existing services and for that reason, Apple has achieved a peak position in this competitive market place. Thanks for letting us know about this digital transaction payment system and the pros and cons of the whole procedure. It will help me with doing payment in online!
thanks for sharing and accepting news
While picking a game engine can depend intensely on what sort of game you need to make and what stage you need to dispatch on, there is additionally another vital factor to consider: cost. In case you’re a hopeful game designer simply needing to figure out how to make games and consider making the plunge, you most likely would prefer not to spend a ton of cash on a game engine.
Betrouwbare online casino – veilig online gokken in Nederlandse casino’s.
Thank you for sharing
Danke fur diese post.
Essay writing is never easy. If you, like me, have problems with this – you do not have enough writing skills, then feel free to contact the online service for help – there the writers will do everything for you without plagiarism and on time! I stumble – I don’t waste time on it, but spend it on myself
Very beautiful Blog. Thank you so much
Thank you for reaching out! In addition to our work with Apple
Awsome
The credit card digital enablement carrier (mdes) is a platform that helps the management, generation and provisioning of digital fee credentials into cell devices to permit easier and more relaxed virtual price reviews.
Mdes ensures the best feasible requirements of protection and privateness. It gives the bank’s cardholders an expansion of services and the capability to make transactions and control their playing cards through a mobile banking application.
Essay writing is never easy. If you, like me, have problems with this – you do not have enough writing skills, then feel free to contact the online service for help – there the writers will do everything for you without plagiarism and on time! I stumble – I don’t waste time on it, but spend it on myself
The best thing today
It’s really a nice and helpful piece of info. I’m glad that you just shared this helpful info with us. Please keep us informed like this. Thanks for sharing.
domyclassesnow is offering online class help services for students at affordable prices.
Premium online classes experts are provide amazing services of online course help all over the usa with cheap rates.
I will first start handing over the world to bankers from each of the corrupt countries, instead of giving away corrupt governments that have abused their money. Even the developing nations no longer pay loot to the governments of corrupt nations, but to the citizens as subsidies for trade and so on.
Thank you for sharing
Awsome