Contactless Smart Cards, RFID, Payment, Transit and Security

Union Bank offers MasterCard PayPass

Friday, March 14, 2008

San Francisco-based Union Bank of California N.A. is offering its customers MasterCard PayPass contactless payment technology on their debit cards.

To use the feature, Union Bank customers tap their PayPass-enabled debit cards on a PayPass reader at the point of sale of participating merchants. For transactions under $25, many merchants don’t require customers to sign a receipt. To signal a customer’s purchase is complete, the reader will flash a light and produce a tone sound. The Union Bank of California Debit MasterCard PayPass card also has a traditional magnetic stripe and can be used anywhere Debit MasterCard cards are accepted.

Beginning March 17 in the Los Angeles market, 100,000 Union Bank Debit MasterCard cardholders will be issued replacement cards equipped with PayPass technology. The rollout will continue statewide until almost 1 million Union Bank debit cardholders eventually receive them. The card will automatically be issued to all new debit customers. [end] 

MasterCard Australia has announced that more than 1 million contactless PayPass transactions were recorded during the month of August.

According to Insider Retailing, this marks the first time that PayPass “Tap and Go” payments have surpassed the 1 million transaction milestone since the technology was introduced in Australia several years ago, indicating growing acceptance of contactless payments.

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German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.

Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.

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As some may recall back in June 2010, the Metropolitan Transportation Authority (MTA) of New York launched tap-and-go contactless payments for commuters to enter select subway stations and participating bus lines using MasterCard PayPass-enabled terminals. Well, the results are in.

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The UK’s YESpay International and YES-wallet.com have teamed up to build an NFC-enabled cloud-based mobile payments platform.

By integrating the YES-wallet Pouch digital wallet with YESpay EMBOSS payment service, the companies will provide a platform that encompasses e-Money, pre-paid and gift-card payments based on Visa PayWave and MasterCard PayPass contactless standards.

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Turkcell, Turkey’s largest mobile operator, has announced the launch of its Cep-T Cüzdan NFC mobile wallet application on BlackBerry Bold 9900 smart phones.

Turkcell subscribers with NFC-enabled Bold 9900s can now use the mobile wallet service to make contactless payments at any MasterCard PayPass-enabled point of sale across Turkey, as well as abroad.

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MasterCard and Commonwealth Bank have announced the launch of a QkR, a new mobile app that enables movie theater goers to browse and purchase refreshments from their seats.

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