MasterCard has been on a serious hunt for mobile payment strategies for a while now. Following its Isis plans going poof, the credit services company was among the first to hitch onto Google Wallet, and now there’s word it’s on the brink of launching another ambitious initiative.
According to an Engadget source, MasterCard and partner CSI Enterprises are planning to bring a CSI Virtual MasterCard app to the iOS, Android and BlackBerry platforms in July. The idea is to allow users with a GlobalVCard to buy things using whichever of these mobile devices they want.
This raises a pretty big question: How’s this supposed to work without NFC (Near Field Communication)? After all, by July, Android will be the only one that actually has NFC-equipped devices in the consumer market. This is what is leading speculation that Apple and RIM might be hopping on the bandwagon sooner rather than later — either that, or this solution won’t be using NFC. That would be a shame; it’s one of the more secure payment solutions available.
What do you think? Could this be an indication of what’s to come? And would you look forward to using your phone like a charge card? Weigh in.