3 ms·
Probably credit cards as well.
by panic 17y ago
Probably credit cards as well.
- electromagnetic 17y ago> MasterCard PayPass is an EMV compatible, "contactless" payment feature based on the ISO/IEC 14443 standard that provides cardholders with a simpler way to pay by tapping a payment card or other payment device, such as a PHONE or key fob, on a point-of-sale terminal reader rather than swiping or inserting a card. [Emphasis mine] MasterCard is already ahead on the game with this. I believe there's been a trial in the US with this, on a Nokia handset I believe. There's currently a trial being launched with BlackBerry and the Bank of Montreal for a test in Montreal (although in reality it will work with all PayPass enabled machines in Canada, including all Tim Hortons, McDonalds, etc). I believe this test is slightly different in that the system auto-emails a receipt to the BlackBerry user's email.
- elai 17y agoPaypass also works with visa cards equipped with the proper RFID. If you look at the machine you'll see a small visa logo beside the mastercard one.
- electromagnetic 17y agoI knew visa had their paywave, which IIRC is being used in all the coca-cola vending machines at the Olympics. I have noticed visa's logo on some PayPass machines, however I believe, here at least, MasterCard offered incentives on the machines marked with MasterCard logo's only. I know PayPass hit the market earlier than Visa, so I believe visa is still playing catch-up. I have read Visa's started trailing its paywave in cell phones, however its first trial was 2 years behind MC's, so I believe it's still 2 years behind MC in its usage of paywave. If paywave hits the market big in say 2012, it'll likely be 2014 until people are using it with visa's.