Payment Methods

Masterpass Now Accepted At 10,000+ SMBs

Mastercard money

Mastercard announced Wednesday (Feb. 1) that Masterpass is now accepted at greater than 10,000 small and medium-sized merchants that use Sage Payment Solutions provided by Sage North America.

According to a report, Mastercard said the partnership with Sage North America enables merchants to leverage Masterpass to provide digital payments to customers. Mastercard said that using Masterpass helps smaller businesses provide additional payment options at a minimal cost.

“Small and medium-sized businesses play an important role in displacing cash and driving digital payment growth,” said Linda Kirkpatrick, executive vice president, Merchants and Acceptance, U.S., in the report. “Our collaboration with Sage Payment Solutions means that thousands of smaller merchants will now have access to a new, secure checkout option to advance their business and remove friction at the point of sale. This agreement reinforces the commitment we’ve made at Mastercard to increase acceptance by bringing the safest and best payment technologies to all merchants.”

Masterpass is a digital payment service from Mastercard that enables consumers to make secure digital payments online, in-app and in-store using contactless technology. Masterpass leverages the most advanced methods of payment security available today, Mastercard said.

“We know that small businesses and their customers expect a frictionless buying experience from anywhere and need an affordable, dependable payment solution to provide this,” said Paul Bridgewater, CEO of Sage Payment Solutions in the same report. “Working with Mastercard, we’re able to keep both merchants and their customers ahead of change, providing simple, intuitive technology that enables the selling and buying of goods from anywhere via any type of payment system. This partnership represents an important step towards our ambition of helping customers take on what’s now and what’s next in their business.”



The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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