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Citibank has made its entry in the emerging "Tap-and-Go" contactless payment arena by introducing a "MasterCard PayPass" key chain device for its debit card customers. As it launches the debit fob device this fall, Citi will begin to pilot "PayPass" for its credit card customers. Following the initial launch in the New York market, Citibank plans to roll out 2.5 million "PayPass" debit devices nationwide. The new "Citibank MasterCard PayPass" will limit daily purchases to $150. The program will continue to offer "ThankYou Points" on all debit transactions. Earlier this month, Cleveland-based KeyBank become the first bank in the USA to launch "MasterCard PayPass" debit cards. However, the KeyBank "PayPass" is not a fob like Citibank. For more information visit: http://www.citibank.com
