Mastercard issues PayPass™ in Orlando
Not to be outdone, Mastercard is piloting contactless payment–called PayPass™– in Orlando, Florida. In a project announced on December 12, 2002, the payment card association detailed its launch of a contactless card that holds and transmits the same data that is contained on track 2 of the magnetic stripe (the data used to route and process transactions within the processing networks) from card to reader. Like Visa, Mastercard is using contactless technology based upon the ISO 14443 standard.
There are 82 words in the rest of this article …
Library Access Required
Library subscribers have access to the full archives of more than 10,000 original news items and feature articles published by AVISIAN’s suite of ID technology publications (ContactlessNews.com, CR80News.com, DigitalIDNews.com, FIPS201.com, NFCNews.com, RFIDNews.org, SecureIDNews.com, and ThirdFactor.com).
For just $99, you receive unlimited password-protected access to content on all of AVISIAN’s sites for an entire year. Your subscription helps fund the continued creation of independent, insightful content. Find out more.
Sign in as a Subscriber
If you are already a subscriber, you may sign in now. Enter your Email Address and Password and click Sign In.
If you have forgotten your password, enter just your Email Address, and click Send Password.
