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PayPass Milestone Mon, Dec 10, 2007 AddThis Social Bookmark Button

By Julia Spencer, CardTrak.com

MasterCard's contactless payment technology is now embedded in more than 20 million cards and devices worldwide, edging us closer to a cashless society. "MasterCard PayPass" is now accepted at more than 80,000 merchants in 20 countries. "PayPass" is providing consumers worldwide with a convenient alternative so that they no longer need to fumble for cash and coins, swipe a card or sign a receipt for any "PayPass" purchase of $25 or below. Users can simply tap their "PayPass"-enabled card or device on the "PayPass" reader at one of its participating merchants. A recent MasterCard survey found that 56% of consumers believe that one day the world will be a cashless society where credit and debit cards will replace cash and checks for payments. For more information visit: http://www.www.mastercard.com/paypass