Consumer Payment Card News

PayPass Watch

Renowned Austrian watchmaker LAKS has introduced the world’s first watch equipped with MasterCard’s “PayPass” contactless payment feature. The new analog watch was created in collaboration with Taiwan’s Chinatrust Commercial Bank and On Track Innovations. The limited edition “Chinatrust 2006 FIFA World Cup MasterCard PayPass” watch is being issued as a companion device to MasterCard credit cards and has been designed in celebration of the “FIFA World Cup.” There are more than 400 merchant outlets in Taiwan and about 30,000 merchant locations around the world that accept “PayPass”. As an incentive to sign-up for the watch, Chinatrust is offering an extra 10% discount at Sports Giant stores, an exclusive MasterCard “FIFA World Cup” package of merchandise, and exclusive discounts at hotels and restaurants.

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