PURCHASE, N.Y.–MasterCard has announced that Saks Fifth Avenue and Poshmark, the largest social commerce marketplace for buying and selling fashion, plan to accept MasterPass by MasterCard.
NAB Velocity, the omnichannel payments platform from North American Bancard, will also offer the digital payments platform to its customers starting later this year, MasterCard said.
MasterPass enables consumers to pay for purchases online or via mobile, using any device. The platform securely stores payment and shipping information, which is readily accessible when a consumer checks out using the, “Buy with MasterPass” button and logs into their account.
“MasterPass continues to gain acceptance momentum across merchants in all categories, whether through direct relationships like we have with Saks Fifth Avenue, or through key partners like NAB Velocity,” said Michael Cyr, group executive, U.S. market development, MasterCard. “With increased acceptance of MasterPass, more consumers can go online, place their order and pay with just a couple of clicks. The burden of entering delivery and billing information is eliminated, further enhancing the shopping experience.”
“The Saks Fifth Avenue customer experience is extremely important to us, whether in our stores or online,” said Dion Rooney, EVP, HBC Digital. “MasterPass is an integral component of providing our customers with seamless and secure shopping at Saks.com.”