MasterCard Worldwide launches Simplify Commerce™ To help merchants

MasterCard Worldwide has reached out to US merchants and developers with their new product Simplify Commerce™, which makes it easier to e-commerce and mobile Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term in minutes rather than traditional settlement times.

Merchants who deal with smaller markets are not always able to afford more powerful tools for their sites payment platform. Simplify Commerce is the developer-friendly platform which allows them to accept more convenient methods that consumers use and will allow them to tap into previously unreachable revenue streams. Simplify Commerce will offer APIs (Application Programming Interfaces) and SDKs (Software Development Kits) in a variety of programming languages such as Ruby, PHP, Python and Java to make the processes necessary for developers supporting merchants easier. Mobile SDKs for iOS and Android are available, as well as sample source code for pre-testing at www.simplify.com. “As a technology company with a strong history of payments experience, MasterCard is always looking for ways to empower merchants to grow their businesses. We recognize the value that electronic payments bring to merchants, both large and small,” says Garry Lyons, Chief Innovation Officer for MasterCard. “By offering straightforward integration tools to developers and streamlining the process for businesses to get a Merchant Account Merchant Account Merchant accounts are component of the payments ecosystem that are essential for the brokerage business. These allow the company to accept multiple types of payments but namely credit and debit cards. In contrast to a traditional bank account, the regulations for merchant accounts are less stringent. A merchant account is established between the company accepting the payment and a merchant acquiring bank. Per merchant agreement directly with an acquiring bank or via an aggregator, ay agreement c Merchant accounts are component of the payments ecosystem that are essential for the brokerage business. These allow the company to accept multiple types of payments but namely credit and debit cards. In contrast to a traditional bank account, the regulations for merchant accounts are less stringent. A merchant account is established between the company accepting the payment and a merchant acquiring bank. Per merchant agreement directly with an acquiring bank or via an aggregator, ay agreement c Read this Term, Simplify Commerce makes it easy for merchants to deliver online and mobile payments experiences to their customers.” Simplify Commerce is a product that has been released by MasterCard’s Research and Development function internal in conjunction with their Incubation unit within MasterCard Labs, headed by Lyons.