MasterPass is the evolution of PayPass Wallet Services announced in May of last year.
Earlier this year, Tim Hortons introduced Visa and Interac Flash to complement MasterCard, MasterCard PayPass and Interac Debit payment options.
As a result, Google Wallet will immediately be accepted at more than 124, 000 PayPass-enabled merchants nationally and more than 311, 000 globally.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
At commercial launch, Google Wallet will support payments with two payment solutions: a PayPass eligible Citi MasterCard and a virtual Google Prepaid card.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
Google will produce a Google wallet, Visa will have an e-wallet, MasterCard, Square, and PayPass will all offer a similar product, as well.
Funny, Google just launched an Android wallet using Citi Mastercard which allows users to tap their phone to pay anywhere that uses MasterCard PayPass.
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Google Wallet is built to work with the fast growing MasterCard PayPass network-a merchant point of sale service that enables consumers to tap to pay.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
Google Wallet uses near field communication (NFC) to make secure payments fast and convenient by simply tapping the phone on any PayPass-enabled terminal at checkout.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
Since the introduction of PayPass Wallet Services in May of 2012, merchants and financial institutions worldwide continue to support MasterCard and its digital payments strategy.
Most people who already have a PayPass eligible Citi MasterCard can simply add it to Google Wallet over the air, using First Data's trusted service manager service.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
MasterCard recently approved two BlackBerry models (one Bold, one Curve) for its PayPass program, meaning the devices can store virtual credit card data in their SIM cards.
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MasterCard has PayPass and American Express has Express Pay.
"MasterCard has pioneered mobile payments with our PayPass technology and we're proud that it is at the heart of Google Wallet, " said Ed McLaughlin, chief emerging payments officer, MasterCard.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
The public will increasingly demand its security, integrity, and its many conveniences such as reduced queuing time for payments using payWave, PayPass, or ExpressPay, with a plastic card or mobile phone.
Devices certified by MasterCard, such as the Lumia 610 NFC, go through a rigorous testing process by a MasterCard accredited laboratory to ensure they will work seamlessly with the PayPass network.
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MasterCard's been working on new-era payment systems for sometime, but now the credit corporation looks set to move past its PayPass project and roll out a service that's properly ready for the masses.
Available in all form factors for 2G, 3G and 4G handsets, the UpTeq NFC supports contactless payment and other secure services via AMEX ExpressPay, MasterCard PayPass and Visa payWave, providing unmatched flexibility to service providers and end users.
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The first Google Wallet field tests are focused in New York and San Francisco, where many retailers, Coca-Cola vending machines and even taxis are PayPass-enabled, including major outlets such as CVS, Jack in the Box, Sports Authority and Sunoco.
ENGADGET: Google Wallet mobile payment service, Google Offers announced
"We are excited to have certified the Lumia 610 NFC for use with our industry-leading PayPass technology, joining other Nokia smartphones helping consumers choose when, where and how they shop on devices they own and love, " said Mung Ki Woo, group executive, Mobile at MasterCard.
ENGADGET: NFC version of Nokia Lumia 610 accidentally leaked on YouTube (update: now official)
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