Mastercard accelerates pace of commerce innovation

Friday, 30 September 2016 00:41 -     - {{hitsCtrl.values.hits}}

Mastercard said yesterday it is making it even easier for developers to create next-generation commerce solutions with the launch of Mastercard Developers.

This single gateway enables Mastercard partners to access a diverse range of Application Programming Interfaces (APIs) across payments, data and security. The platform also includes a ‘New and Experimental’ API category that enables partners to test new technologies and applications.

The experimental APIs, developed at the company’s eight R&D Labs around the world, will help partners build, scale and enable payments on new platforms. At the same time, they will have a foundation to explore payments integration into new categories such as augmented reality, virtual reality and the Internet of Things.  

 “We see Mastercard Developers as empowering our customers, partners and their developers in their efforts to innovate and grow their own businesses,” said Oran Cummins, senior vice president for APIs at Mastercard. “The new platform will serve as a key way to integrate Mastercard technology and services into their digital solutions in an easy and cost-effective way. And consumers will benefit from the simpler, faster and safer experiences driven by these efforts.”

Partners now have access to more than25 Mastercard APIs– including key services like Masterpass and Mastercard Digital Enablement Services– in a format they can more easily connect to and integrate with. Included in this is a new API that has been developed to maximise financial inclusion efforts. The Mastercard Aid Network helps to streamline aid distribution, even in the absence of telecommunications infrastructure, while providing more transparency to humanitarian organisations and non-profits.  The new Mastercard Developers provides a streamlined experience and clear, developer-friendly documentation with APIs supported by software development kits (SDKs), developer tools and sample code for the top six programming languages. The platform has been growing and has seen a 400% increase in usage in the past year.

Key APIs in Mastercard Developers:

Payment:

nMasterpass: A digital payment service that simplifies the shopping experience. It allows consumers to pay with any payment card, anywhere, with any device.

nMastercard Digital Enablement Services (MDES): Provides services around the tokenisation of MasterCard card numbers for increased payment security.

nMastercard Send: Can send P2P, Disbursement, and Remittances transactions to almost any Debit account, often within seconds.

Data Services:

nMarket Insights: Provides access to trend and sales data at industry and micro-sector levels far earlier than government or other industry sources.

nRetail Location Insights: Offers insights to commercial real estate about the monthly performance of retail locations to help evaluate acquisitions, optimise rents, and validate conclusions.

nMedia Measurement: Measures the impact of digital media campaigns on online and offline sales.

Security:

nFraud Scoring for Merchants: Allows a merchant or its fraud solution provider to obtain a transaction score ranging from 000 to 999 – the higher the score, the higher the likelihood of fraud.

nMATCH: Helps acquirers identify potentially high-risk merchants before entering to a merchant agreement.

nAssurance IQ: Provides a confidence level for a user’s digital identity, which can then be used to determine if a further form of authentication is suggested.

Experimental:

nBot Commerce: Provides bot integration with commerce platforms to enable commerce functionalities and Masterpass integration.

nQkr! with Masterpass:  A mobile payments platform that enables consumers to order and pay for goods & services from their smart device.

nMastercard Vending: Helps to easily connect your mobile app to our vending platform –enables customers buy directly in-app.

Financial Inclusion:

nMC Aid Network: An end-to-end, non-financial service designed to streamline aid distribution even in the absence of telecommunications infrastructure.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.