Mastercard has invested in a company called C-Sam
The following article is further proof that Mobile Wallets are going to emerge as the primary form of payment in the near future. MasterCard has invested in a company called C-Sam that is behind the development of another prominent mobile wallet to attach with the PayPass name already established in the MC market. This will likely be a competitor of Google’s Wallet, ISIS, and Apple’s Passbook, furthering the importance of Genius, and the ability to accept any mobile wallet.