Payment Card News

Debit PayPass

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Cleveland-based KeyBank will become the first bank in the USA to launch “MasterCard PayPass” debit cards. KeyBank’s consumer and small business debit MasterCard cards as well as its “KeyMiles” reward debit MasterCard cards will be equipped with the new “PayPass” contactless technology. Key will be replacing its existing cardholders’ debit cards with “PayPass”-enabled debit cards beginning September 1st. All new Key customers will receive a “PayPass”-enabled debit card when they open a checking account. Equipped with a radio frequency chip, the “Key MasterCard PayPass” debit card allows cardholders to speed through checkout by paying with a simple tap of the card on specially equipped merchant terminals. “MasterCard PayPass” terminals are currently available at some McDonald’s, 7-Eleven, CVS, Ritz Camera Centers, Boater’s World Marine Centers, Sheetz and Regal Entertainment Group theaters, among others. For more information on “PayPass” visit: “http://www.mastercard.com/paypass”:http://www.mastercard.com/paypass

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