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Major credit card companies create fast checkout button

Visa and Mastercard have made it easier to pay using their credit cards online.

The group which houses Visa Inc, Mastercard Inc, American Express Co and Discover Financial Services have created a checkout feature to compete with PayPal and Apple Pay, which enables them to pay at the click of a button without entering their card details which have been pre-saved.

Jess Turner, Mastercard's executive vice president of product and innovation for North America, said: "Retailers then offer it as a payment button, thus eliminating the need to type in 16-digit card numbers and expiration dates in tiny boxes."

TS Anil, global head of payment products and platform for Visa, added to Bloomberg: "It's not a mandate or anything that's pushing people there.

"There's clearly a pull already in terms of a real-world problem that needs solving.''

It's not known when the service will roll out.

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