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MasterCard launches retail solutions to allow a contactless economy

MasterCard launches retail solutions to allow a contactless economy
By Karan Kapoor

As traders are working to create improved technologies to communicate with customers, today MasterCard unveiled a new range of frictionless options for retailers to recreate their physical shopping experience. MasterCard's Anywhere Shop and AI-Driven Drive-Thru solutions offer low touch, high-engagement experience for merchants and end customers, accessible, adaptable for any shopping environment-from restaurants to pharmacies.

With leading retailers, entertainment, and hospitality partners, including Circle K, Delaware North, Dunkin', and White Castle, MasterCard deploys these newer solutions, in a time when consumers are increasingly looking for tactile and physical interactions. Accorder shopping tends in person to be a success, according to MasterCard's Recovery Insights: Move to Digital, while customers are finding deals that combine the physical and digital to improve the entire process.

“As retailers and consumers navigate through one of the most disruptive periods in modern history, it’s clear that traditional business operations will need to evolve quickly,” said Stephane Wyper, Senior Vice President, Retail Innovation at MasterCard. “We’re committed to supporting our retail partners as they look to meet the unforeseen challenges posed by this new normal and provide their customers with a more digitally enabled, touch-less, and secure retail experience.”

 

Easy Shopping Checkout

The Shop Anywhere app, powered by the Accel Robotics IT partner and AI, helps retailers to develop simple, customized shopping experiences focused on the needs of customers without jeopardizing privacy.

The Shop-anywhere network strengthens shoppers' journey through comprehensive inventories and participant shopper analyses by removing current chokepoints - giving customers no demands, no checkout lines, and safe payments. In addition to exclusive and exclusive items, Shop Anywhere will also provide shops entry beyond regular opening hours if chosen by the store.

Anywhere in the market, such as shopping centers, malls, food, and retail stores, will be used in a number of geographic environments. With multiple retail partners MasterCard will be launching live pilots of Shop Anywhere with a launch of October 2020:

  • In order to conveniently carry snacks and beverages at different locations in the USA and Canada, Circle K will be launching a refraction-less experience on-the-pump and in-store for their customers.

  • The MasterCard system is used by Delaware North, a major hospitality corporation based at sporting and hospitality stadiums, national parks, resort hotels, metropolitan airports, and casinos.

  • At a Dunkin's technology-testing bakery, consumers will be able to visit the shop and receive their coffee and donuts without any physical contact.

 

A personalized menu drive for you

AI-Driven Drive Through Technology will help fast service brands change driving or communicating through vehicle identification, voice command, and artificial intelligence in collaboration with SoundHound Inc. and Rekor Systems.

Customers may enjoy customized and innovative menu offerings on the basis of historical shopping habits depending on the shop or the individual consumers concerned. The approach also eliminates uncertainty in the purchasing process by eliminating the need for an employee to wait and place an order allowing employees to concentrate on the order process.

Sonic Dry-In built a prototype AI-powered Voice Assistant and Custom Interactive Menu in collaboration with MasterCard. This project builds on MasterCard's contribution to the QSR area. Pilots will launch operations at the White Castle site in October 2020 with the AI-Driven Drive Through system and will also commence operations with other fast-food restaurants later this year.

Investing in retail technology technologies MasterCard aims to provide value to its trading partners, expand their adoption, and offer cardholders safe and seamless payments. MasterCard provides retailers the best-in-class technologies, which integrate size and reliability with automation to improve the shopper's experience leveraging innovations including machine vision, artificial intelligence, biometrics, and tokenization.

 

Quote Sheet

“We are thrilled to partner with MasterCard to help retailers deliver a new world of convenience,” said Brandon Maseda, Chief Executive Officer, Accel Robotics. “Through the Shop Anywhere platform, we are helping shorten the distance between shoppers and satisfaction.”

“With the health and safety of our guests and employees being our top priority in the pandemic and as part of our ongoing commitment to innovation, Delaware North has turned to a well-recognized industry leader in MasterCard to help us deliver a frictionless, safe and secure experience for our guests,” said Jeff Wilkinson, Chief Information Officer, Delaware North. “With a great partner like MasterCard, we’re excited to activate this new contactless capability this fall at select Delaware North Sport-service locations.”

"At White Castle, as a nearly 100-year-old family business guided by having a heart for hospitality, bringing technological empowerment to the drive-thru is the next chapter in innovation for our industry,” said Susan Carroll-Boser, Vice President, Technology at White Castle. “We're honored to partner with MasterCard on this important initiative and eager for our customers to enjoy the benefits it will provide.”

 

About MasterCard 

MasterCard is a multinational, payment business technology corporation. Our aim is to create a decentralized and interconnected economy for all in the world, by making transactions safe, easy, intelligent, and available. Our technologies and strategies enable individuals, financial institutions, governments, and corporations to achieve their full potential through safe technology and networks, collaborations, and enthusiasm. Our dignity quotient, or DQ, determines our culture and everything that we do within and outside our business. We create a prosperous environment that provides unrivaled opportunities for all by linking more than 210 countries and territories.

 

Institution:

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