Visa, Mastercard say they just made mobile shopping a lot easier

INTERNATIONAL – Smartphones have made taking a photo and checking fantasy football scores a breeze, but inputting credit card details on that small screen can still be frustrating enough that many shoppers just give up, costing retailers billions.

Now, the world’s biggest card networks — a group that includes Visa Inc., Mastercard Inc., American Express Co. and Discover Financial Services — have joined forces in an effort to make web purchases easier and reduce what the industry calls “online cart abandonment.” ‘

They’ve developed a checkout option that competes with established offerings from PayPal and Apple Pay that lets consumers save their payment details all in one place. Retailers then offer it as a payment button, thus eliminating the need to type in 16-digit card numbers and expiration dates in tiny boxes.
Read the Full Article: https://www.iol.co.za/business-report/international/visa-mastercard-say-they-just-made-mobile-shopping-a-lot-easier-35606263
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