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M4Bank.mPOS solution with contactless devices was certified in MasterCard Mobile Pos Program

«Center of corporate technologies» has completed the certification of M4Bank.mPOS in the global payment system, MasterCard, for the contactless payments, the solution was certified with CHIP&PIN device before. It is the first certified mPOS- solution, which enables contactless payments on the Russian market of mobile acquiring.

«We are pleased to announce the successful completion of the M4Bank.Mpos certification in MasterCard mPOS program, now with the support of contactless payments. Starting from January 2016, according to the requirements of MasterCard, all new points of sales will be obliged to support contactless payments. Meeting the requirements of the market and being in the forefront of the payment industry, our company is ready to offer the market a solution with NFC support already today», said Boris Fedorov, CEO of CTC.

MasterCard is supporting acceptance development in Europe on a country by country basis and will focus any potential investments on terminals and Mobile POS solutions that in addition to Chip & PIN capability also accept contactless payments. The Mobile POS solution must have the required certifications (including EMVCo Level 1 Contactless approval and the MasterCard PayPass type approval) and be registered in the MasterCard Mobile POS Program.

About the companies:

MasterCard Worldwide is an American multinational financial services corporation. Throughout the world, its principal business is to process payments between the banks of merchants and the card issuing banks or credit unions of the purchasers who use the "MasterCard" brand debit and credit cards to make purchases.

MasterCard mPOS program allows solution providers to register their Mobile POS solutions according to Industry Standards and the MasterCard Mobile POS Best Practices Guide. Participation in the program is free of charge. The result is a comprehensive list of Mobile POS solutions that are best in class and ready to be deployed.