A year from now, MasterCard and its PayPass tap-to-pay network will serve as a cornerstone of mobile-payments in the U.S.
At least, that's according Ed McLaughlin, head of emerging payments for the world's second-largest payments network.
"The PayPass functionality will serve as an anchor," McLaughlin said in a recent interview with CNET.
Those are bold words considering the mobile-payments business is still in its infancy. But MasterCard has reason to be confident. It's the only credit card company to play a role in both of the major burgeoning alliances, including the Google Wallet initiative … Read more