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MasterCard to Provide MasterPass Service to FreshDirect

MasterCard IncorporatedMA announced that the online fresh food grocer, FreshDirect will now use the digital payments platform, MasterPass, of the former. Customers of FreshDirect can now expect safe online and in-app payment process by via MasterPass.

FreshDirect customers can now place their order online and make payments by clicking just once. This will surely make the payment process easier of FreshDirect customers, who will be relieved of the hassle of entering delivery and billing information.

For 15 days starting Dec 16, customers will get $25 off on the first-time use of MasterPass to buy groceries through FreshDirect.com or the FreshDirect app.

MasterPass is a simple yet effective way of handling payments via the web or a mobile device. Launched in 2013, MasterPass, available in 24 countries, provides merchants and customers an instant competitive e-commerce solution, enhancing shopping experiences by eliminating the need to enter detailed information at every purchase.

Newer simpler shopping solutions are likely to help online retailers to stay ahead in competition. With MasterPass, consumers can avail of payment facilities in a high security framework through computers, tablets or smartphones. MasterPass stores customers' preferred payment and shipping information securely within the digital gadget. Consumers can thereafter simply choose the "Buy with MasterPass" option, thus preventing the need for repeated data input. This highly resourceful payment experience reduces shopping cart abandonment, boosts sales and keeps customers happy.

MasterPass offers an assortment of services that enriches customers' shopping experience with value-added services such as real-time alerts, account balances, loyalty programs and assorted offers. MasterPass' checkout services also provide merchants a uniform method of accepting electronic payments, irrespective of a consumer's location.

Currently, MasterCard carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Heartland Payment Systems, Inc. HPY , Fiserv, Inc. FISV and Total System Services, Inc. TSS . Each of these stocks carries a Zacks Rank #2 (Buy).

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MASTERCARD INC (MA): Free Stock Analysis Report

TOTAL SYS SVC (TSS): Free Stock Analysis Report

FISERV INC (FISV): Free Stock Analysis Report

HEARTLAND PAYMT (HPY): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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