Payment technology

MasterCard partners with Smart Cities to provide more secure payment method

220px-MasterCard_Logo.svgMasterCard recently partnered with Smart Cities Council, a coalition that seeks to advance smart city development and innovation, to assist the council’s advisers and members in providing cities with more secure payment methods.

“We are passionate about innovation and constantly seeking to develop and test new payment channels and digital solutions that are safe, simple and smart,” Emmanuel Petit, the general manager of government and public sector at MasterCard Europe, said. “What better way to do this than by joining the Smart Cities Council, which works with the most progressive businesses, thought leaders and cities around the globe.”

MasterCard will also contribute to the council’s readiness guide to improve the viability, workability and sustainability of cities around the world. The guide provides a detailed plan, technology recommendations, evaluations and case studies related to smart city development.

“The MasterCard input will be invaluable as they continue to develop inventive ways to support cities’ digital strategy, drive local business growth, fuel commercial development, increase citizens’ satisfaction and reduce costs,” Smart Cities Council Founding Chairman Jesse Berst said.

MasterCard is one of more than 20 Smart City partners, including ABB, Alphinat, Alstom, AT&T, Bechtel, Cisco, Electricite de France, General Electric, Grid2020, IBM, Invensys, Itron, Maxwest, Microsoft, National Grid, Opower, Qualcomm, S&C Electric, SunGuard Public Sector and Zipcar.

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