An Open API from MasterCard to Develop Applications? Priceless

An Open API from MasterCard to Develop Applications? Priceless: "In a press release this morning, MasterCard has announced that desktop and mobile developers will have access to an API from the credit card giant later this year. The company hopes that by opening its technology to developers, new and innovative e-commerce applications that leverage the MasterCard network will be created, potentially competing with the likes of Visa, PayPal and Square."