Contactless Smart Cards, RFID, Payment, Transit and Security

MasterCard offering mini PayPass cards in Spain

Tuesday, April 22, 2008

MasterCard and Spanish banking groups La Caja Insular de Ahorros de Canarias and EURO 6000 are to trial a miniature version of its contactless PayPass card. The mini card is small enough to attach to a keyring.

The PayPass technology will enable customers to pay for purchases of less than 40 Euros by tapping their plastic card against a specially equipped reader at select merchants.

MasterCard will conduct initial trials of its mini card in the city of Las Palmas de Gran Canaria with 400 customers and 15 merchants, mostly restaurants and pharmacies. A second phase will see the cards rolled out to over 5000 customers.

In the past, MasterCard has added its PayPass technology to wrist watches in conjunction with Turkey’s Garanti Bank and Taiwan’s Chinatrust Bank. Meanwhile keyfobs featuring the contactless system are available to Citibank cardholders in the US, the Web site added.

Read the full story here. [end] 

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