Mastercard has new specifications for contactless payments that turns almost any device into a payment device. The Enhanced Contactless specifications offers significant resistance and security through next-generation algorithms and cryptographic key strengths according to a report in NFCW. The Ecos specifications are an industry-first and provide enhanced convenience, trust and privacy.

Ecos is compatible with current contactless specifications and updates are delivered via a software upgrade, eliminating the need for additional hardware or terminals.

As digital wallets, point-of-sale terminals and contactless card specifications are improved and activated in the future, consumers and merchants can expect a seamless transition with Ecos.