Capital One First U.S. Issuer to Launch Mobile Wallet for In-Store Purchases
Oct. 19, 2015
Late last week, Capital One became the first major U.S. issuer to introduce a contactless in-store mobile payment app to compete with Apple Pay, Android Pay and Samsung Pay. While Apple is celebrating Apple Pay’s first birthday, the Capital One Wallet is following quickly on the heels of the efforts by Google and Samsung , which launched their wallets in September. Capital One cardholders can now use mobile devices to make payments in stores.
Visa, on its corporate Tumblr, touted Capital One Wallet’s use of the Visa Token Service (VTS) as the first by a U.S. bank. The company is leveraging VTS and the MasterCard Digital Enablement Service to tokenize the payments to protect the personally identifiable information of cardholders.