MasterCard to Pilot PayPass in Canada

Thursday 23 September 2004 13:06 CET | News

Peoples Trust Company of Vancouver and Mint Technology Corp. of Toronto will begin issuing and supporting MasterCard PayPass enabled cards in Canada for use over the next year as part of a program pilot.

PayPass is a contactless payment option using radio frequency technology. To pay, consumers simply tap or wave their PayPass-enabled payment card on a specially equipped merchant terminal, eliminating the need to swipe a card through a reader. The new solution is ideal for quick payment environments where speed is essential, such as quick serve restaurants, gas stations, drug stores and movie theaters. Mint will incorporate MasterCard PayPass RF capabilities into its product and service set. MasterCard expects Mint and Peoples to bring complete solutions to market with a rapid implementation strategy.

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Categories: Payments & Commerce | Payments General
Countries: World
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