MasterCard And Intel Want To Put Contactless Readers In Laptops—Maybe Even Soon Enough To Matter
Written by Frank HayesNovember 16th, 2011
E-Commerce has been depending on the trustworthiness of strangers for a long time—customers typing in what might easily be stolen payment-card numbers from thousands of miles away. That might be changing soon, and with a real advantage for E-tailers. On Monday (Nov. 14), MasterCard and Intel announced a push to install a contactless reader in laptops, so they'll function as PayPass readers to take contactless payment cards—with a lot less trust required.
A MasterCard spokesman wouldn't commit to the card brand accepting such transactions as "card present," at least not at this point. It's early—MasterCard and Intel expect to get all the authentication issues nailed down by 2012, with actual payments by laptop-owning online shoppers starting shortly thereafter. But anything that uses built-in hardware to close the gulf between the retailer and the physical card should help push interchange rates down.
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2 Comments | Read MasterCard And Intel Want To Put Contactless Readers In Laptops—Maybe Even Soon Enough To Matter
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-Christine
November 17th, 2011 at 3:42 am
Why is Intel always trying to strike exclusionary agreements with common services?
HD streaming – Intel monopolizing
Credit Card transactions – Intel monopolizing.
Gawd, Intel, the people are begging for you to stop monopolizing!
November 17th, 2011 at 7:59 am
According to our recent new payment channel report, fraud is set to increase with the emergence of social and mobile commerce, so it is not a surprise that banks and card issuers are trying new methods to help and stop this worrying trend.