Card networks to co-develop single buy button for online transactions

Shiny new button may help Visa, Mastercard and AmEx fight PayPal — Bloomberg — “Visa Inc and Mastercard Inc, the world’s largest card networks, told an industry conference they will combine their Visa Checkout and Masterpass payment options into a single button. Spokesmen for American Express Co and Discover Financial Services said their firms also will join the project… The new system will rely on Visa and Mastercard’s token technology.”

One comment on this article

  1. Anything that moves merchants away from accepting credit card numbers in the clear is a plus. Perhaps I do not visit the same places as merchants but I have not seen the other proxies promoted to the same level as PayPal. My guess is that close to fifty percent of online merchants offer a PayPal option while only a tiny fraction offer any of its competitors. Any button is better than none.

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