Consumer Payment Card News

PayPass Milestone

MasterCard’s contactless payment technology is now embedded in more than 20 million cards and devices worldwide, edging us closer to a cashless society. “MasterCard PayPass” is now accepted at more than 80,000 merchants in 20 countries. “PayPass” is providing consumers worldwide with a convenient alternative so that they no longer need to fumble for cash and coins, swipe a card or sign a receipt for any “PayPass” purchase of $25 or below. Users can simply tap their “PayPass”-enabled card or device on the “PayPass” reader at one of its participating merchants. A recent MasterCard survey found that 56% of consumers believe that one day the world will be a cashless society where credit and debit cards will replace cash and checks for payments. For more information visit: “http://www.www.mastercard.com/paypass”:http://www.www.mastercard.com/paypass

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