UK-based payment software provider Cardstream has joined forces with Mastercard to offer digital payment options to its network.
Under the partnership, Cardstream’s network of payment service providers, independent software vendors and independent sales organisations will gain access to Mastercard’s Secure Remote Commerce-ready Masterpass V7 wallet and the Pay by Bank app.
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The access will be enabled through API connections.
Launched by Mastercard company Vocalink, the Pay by Bank app allows clients to make online transactions through their banking app and directly from their bank account.
MasterCard UK & Ireland head of acceptance and emerging payments Scott Abrahams said: “Cardstream’s large customer base allows us to quickly plug our new services into the payments infrastructure at scale taking us further forward in advancing digital payments with retailers.
“This will have a big impact on payments, bringing benefits to consumers, retailers and banks. In particular, Pay by Bank app is set to shape the future of digital commerce in the UK, as more banks and merchants offer this as a payment option to millions.”
Cardstream CEO Adam Sharpe added: “Our white label platform provides the connective tissue to ensure that our network of PSPs, ISVs and ISOs can quickly and easily integrate Mastercard’s latest services into their product stack.
“We’ve done the integration heavy lifting, so that our partners don’t have to.”
