In another step toward standardizing contactless payments, MasterCard and Visa have agreed to use MasterCard’s PayPass ISO/TEC 14443 specifications. The agreement could also mean other credit card companies may join the parade.
“The agreement means that cards and terminals supporting MasterCard and Visa contactless payment applications will conform to the same communications protocol and undergo equivalent testing,” said MasterCard’s Christina Rae. The two “will use common radio frequency protocols already used by MasterCard for contactless payment cards that consumers wave by or tap on readers.”
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