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MasterCard and ING Launch EMV Internet Payments Trial



  MasterCard and ING Launch EMV Internet Payments Trial

       Trial demonstrates convergence of physical and digital commerce

Business Wire

PURCHASE, N.Y. & AMSTERDAM -- November 07, 2012

MasterCard and ING Group today announced a joint trial underway in the
Netherlands that is demonstrating a new way to pay online using mobile phones.
The trial extends the functionality of the Mobile MasterCard® PayPass™
application, already used to support contactless payments at point of sale, to
deliver a highly secure and easy to use payment experience at internet
merchants. By using the Secure Element in the mobile device, a comparable
level of security can be achieved whether a purchase is being made in-store or
online.

The solution being tested in the trial supports two scenarios: first, shopping
and paying on a phone where the consumer is able to select merchandise they
want to purchase, select their payment method, provide their shipping
information and enter their PIN to authenticate the transaction. An
EMV-compliant cryptogram is supplied by the phone directly to the merchant’s
payment gateway for processing. In the second scenario, the consumer is able
to start their shopping on a PC or tablet, and then complete the payment step
on their phone using a secure QR code that connects the Mobile PayPass
application in the user’s phone securely to the merchant’s online shopping
cart.

In both cases, coupons and vouchers can be applied in real-time as the
consumer shops, and e-receipts presented upon successful payment. The trial
promises to deliver a similar user experience in both the physical and digital
world and a comparable level of security to a regular EMV transaction.

“This innovative mobile payment product enables ING to offer our customers a
one-click-buy experience. The trial allows us to explore which new type of
mobile payments products and technologies will meet our client’ needs,” said
Mark Buitenhek, Global Head of Payments & Cash Management at ING Group.
“Working with MasterCard on this trial is in line with our international
payments strategy to introduce standardized and internationally accepted
payment products that offer a high level of security and convenience.”

The payments industry has begun to see a substantial shift in online shopping
from traditional PCs to smartphones and tablets. According to market-research
firm Gartner Inc., in the mobile space alone, payment transactions are
expected to surge to an estimated $600 billion world-wide by 2016, up from
$172 billion this year. Consumers will continue to shop and pay in whatever
way best fits their needs and lifestyles – with a simple tap, click or touch –
in-store, online or on a mobile device. At the same time, merchants want to
focus on providing the best consumer experience possible – regardless of
where, or how, a consumer decides to engage them.

“As a company leading the global transformation of digital payment technology,
we continue to work with innovative partners like ING to develop and test
solutions that address and enhance the ways consumers can pay for goods and
services – both today and tomorrow,” said Jorn Lambert, Group Head, Emerging
Payments, Europe, MasterCard Worldwide. “This trial builds on our recently
announced PayPass Wallet Services and our vision of delivering to consumers
and merchants a secure, converged payments experience in-store, online or on a
mobile device.”

The trial, which began in mid-October, will run through the first quarter of
2013.

About MasterCard Worldwide

MasterCard (NYSE: MA), www.mastercard.com,  is a global payments and
technology company. It operates the world’s fastest payments processing
network, connecting consumers, financial institutions, merchants, governments
and businesses in more than 210 countries and territories. MasterCard’s
products and solutions make everyday commerce activities – such as shopping,
traveling, running a business and managing finances – easier, more secure and
more efficient for everyone. Follow us on Twitter @MasterCardNews, join the
discussion on the Cashless Conversations Blog and subscribe for the latest
news.

About ING Group

ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a
broad customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal
base for an independent future for our insurance and investment management
operations

Contact:

Media
For MasterCard
Brian Gendron, 914-249-1284
brian_gendron@mastercard.com
or
For ING Group
Robert Gunther, +31650257879
robert.gunther@ing.nl
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