Oracle, Mastercard Team for Seamless
February 27, 2017
Mobile World Congress, Mastercard touted a global partnership with
Oracle that is designed to deliver a streamlined digital payment
experience to the retail and hospitality industries.
The partnership will initially focus on three needs for restaurants,
hotels and retail stores:
• In-Store Experience – Oracle and
Mastercard will partner to develop and scale enhanced in-store payment
experiences including Qkr! with Masterpass. This is a mobile app that
enables consumers to seamlessly order and pay for goods and services via
their smart phone without having to wait in line or for a restaurant
server. This integration will make transactions simple, convenient and
secure and remove friction for the customer.
• Operational Efficiencies –
Rather than develop and implement separate payments solutions for their
in-store and online operations, retailers can benefit from a
fully-integrated digital payment and fraud prevention offering through
Mastercard Payment Gateway Services.
• Cross-Channel Consistency – The
integration of Masterpass, the digital payment service from Mastercard,
into Oracle products allows retailers to provide a seamless check-out
experience across different channels.
Mastercard and Oracle are already working with joint partners such as
wagamama, Carluccio’s, Young & Co.s Brewery and Geronimo Pubs. They are
using Qkr to let their customers order additional items during meals,
pay at the table when they are ready and split the bill with others.
2017, Mastercard will expand the Qkr platform to six additional markets
– Brazil, Canada, Ireland, Singapore, South Africa and the United States
– to seamlessly pay for fees, supplies and excursions at schools, and
make payments at gas stations, parking, sports arenas, and unattended
retail such as vending machines.
Commenting on the announcement, Chris Fendley, SVP Merchant Development,
Mastercard, said: “With close to 80 percent of consumers using
technology at some point along their shopping journey, Mastercard is
committed to unlocking omni-channel commerce for every device and
delivering convenient experiences to users at-home, in-stores and
on-the-go. Building on the success of our joint initiatives with Oracle
in the UK, we can help retailers and hospitality providers connect with
their customers in more engaging ways while enabling them to grow their
businesses with scale, speed and security.