MasterCard welcomed Apple to the payments market after the announcement of Apple Pay, saying that new technologies will resolve some of the issues that NFC payments are facing.
Speaking at the launch of Transport for London's contactless card payment system, MasterCard’s UK and Ireland president Marion King told TechRadar that the company welcomes partnerships and is happy to be working with Apple. King added, “You should be able to pay anywhere at any time and securely. So, it shouldn't be about 'What telco or what bank am I with?' but more that when you get your card or phone out of your pocket it's got to work.”
She added that one of the issues affecting payment options at the moment is card clash. This refers to NFC's technology failing to differentiate between cards. However, she said that technology could solve these problems. "Things like contactless on a smartphone help - allowing you to choose a default payment card. All of these usage problems are something that we have to work through,” she said.
Apple Pay is available on iPhone 6 and iPhone 6 Plus devices in North America, though companies are working to make it available on this side of the world.