Consumer Payment Card News

PayPass Travel Card

The first prepaid travel card with contactless technology has been launched. The new “MasterCard Travel Card” is enhanced with “PayPass” technology which is now accepted globally at more than 73,000 merchant locations. With “PayPass” customers simply tap their “PayPass”-enabled MasterCard card or device on a “PayPass” reader. “PayPass” also eliminates the need for customers to sign receipts for purchases under $25. The new travel card is being offered via Airlines Reporting
Corporation’s network of 20,000 U.S. travel agent locations. Card benefits include emergency traveler assistance, lost luggage insurance, purchase assurance and zero liability protection for unauthorized transactions in the event the card is lost or stolen. MasterCard notes that the travel card market in North America is estimated to grow to nearly $9 billion in gross dollar volume by 2010. For more information visit: “http://www.mastercard.com/paypass”:http://www.mastercard.com/paypass

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