MasterCard WorldWide announced a digital wallet on Monday that consumers will be able to use for purchases in stores, on the Web and on their mobile phones.
The global credit-card company's entry into digital wallets will tie into its PayPass point-of-sale system, with nearly 500,000 locations around the world where consumers can tap a card or phone with NFC (near-field communications) to make a purchase. But with the new offering, called PayPass Wallet Services, MasterCard will also allow third parties to create payment systems under their own brands.
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