ST. PETERSBURG, Fla. (3/4/13)--PSCU has entered an agreement with MasterCard to offer the MasterPass digital payment service to the credit union service organization's nearly 700 member-owner credit unions.
The service allows consumers to use any payment card or enabled device to make a purchase and enhances the shopping experience online, in-store or through a mobile device. MasterPass elminates the need to enter detailed shipping and card information with every purchase during the check out process. Consumers register their payment cards with MasterPass through their credit union's branded MasterPass site to store their payment, billing and shipping information.
PSCU will implement the online wallet functionality this Spring. In the future, MasterPass may allow consumers to go beyond plastic and use an enabled device for in-store purchase transactions.
Lake Trust CU, Lansing, Mich., will pilot the MasterPass for PSCU.