The enhanced suite of APIs includes new offerings focused on Masterpass QR, spend alerts and controls, Qkr! With Masterpass and chatbot solutions
The rise of the API economy is reshaping how businesses operate and how seamlessly they can share their resources with customers. To meet the growing business demand for consistent, seamless and secure commerce, Mastercard Developers has released several new APIs to arm banks, retailers and digital providers with the tools they need to enable payments on new platforms.
There are now more than 40 APIs focused on payments, data services and security available to developers. Mastercard is providing access to proprietary technology, products and services for easy integration into innovative digital solutions. In the US, FreshDirect, Subway and The Cheesecake Factory are implementing chatbots with payment functionality into Facebook Messenger using the Masterpass Chatbot API. Uber and Lyft are making it simple for drivers to collect their pay in near real time with the Mastercard Send APIs. UK gastro-pub chain Young’s Pubs is integrating the Qkr! with Masterpass API to allow diners to pay for food, start a tab and split their bill without having to wait in line or for a waiter.
The newest tools available on Mastercard Developers range from helping businesses gain insights on their performance in the era of IoT to digitising the ways in which their consumers shop and manage personal finances. Mastercard has also added to the New & Experimental API category within the Mastercard Developers platform, enabling partners to test the very latest in technologies and applications.
“Mastercard is focused on unlocking its technology, products and services through APIs so that businesses can create enhanced payments experiences without having to reinvent the wheel,” said Oran Cummins, Senior Vice President, API. “By making it simple for businesses to explore and build new technologies, Mastercard is able to expand its scope of customers and scale its solutions with greater speed.”
Some of the latest APIs enable the ability to:
- • Accept cashless payments from their customers’ smartphones by simply scanning a Masterpass QR code at any Masterpass QR-accepting retailer location
- • Provide cardholders the ability to manage how, when and where their card is being used by setting decline and alerts rules with Spend Controls and Spend Alerts
- • Speed up service in restaurants and retailers through the Qkr! with Masterpass mobile order-ahead and payment platform
- • Begin to test chatbot technology and enable commerce within their own branded solutions across multiple channels and digital platforms using Masterpass Chatbot
Mastercard (NYSE: MA) is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard 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.