MasterCard and Visa press on with mobile payment technology

|About: MasterCard Incorporated (MA)|By:, SA News Editor

MasterCard (MA +0.3%) and Visa (V +0.2%) are both out with new mobile payment technologies which will allow retailers to integrate payment solutions into their apps in a more secure fashion.

The development is likely to take a while to roll out as security features are vetted, but could lead to stronger growth for near-field communications as a form of payment in retail settings.