MasterCard has entered an agreement to acquire C-SAM, mobile wallet provider and transactions provider behind ISIS, the mobile wallet joint venture founded by Verizon, AT&T, and T-mobile. C-SAM also processes mobile payments in Japan, Mexico, Singapore, and Vietnam. The agreement emphasizes the importance MasterCard puts on mobile payments and smooth transactions in the mobile channel.
MasterCard has used C-SAM’s technology since 2012, and the acquisition will help speed up development and implementation of mobile wallets and mobile payment solutions. C-SAM supports customer-specific offers, loyalty programs, banking, bill-pay options, and more.