SAKS FIFTH AVENUE NOW ACCEPTS MASTERPASS BY MASTERCARD

Luxury retail store Saks Fifth Avenue and global fashion giant Poshmark will accept the digital payment platform MasterPass by MasterCard. Launched in 2013, the program is currently available in 29 countries and is accepted at 270,000 merchants.

This simple digital platform enables consumers to pay for purchases, online or mobile, by 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. U.S. consumers can sign up for a MasterPass account by visiting theMasterPass website or through a participating bank.

“MasterPass continues to gain acceptance momentum across merchants in all categories,” 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.”