MasterCard Backs And Partners With Mobile Banking Company mFoundry To Expand Reach Of NFC

After announcing a new partnership with Intel, MasterCard is revealing a new collaboration to help spread the use of its NFC technology through its PayPass program. The credit card giant is making a strategic investment in mFoundry, a company that powers mobile banking solutions for more than 500 banks and credit unions nationwide. As part of the announcement, mFoundry will be offering MasterCard's PayPass technology as a way for banks and credit unions to give their customers the option to pay for items with their mobile phones.

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