MasterCard - PayPass

PayPass

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.

In 2003, MasterCard concluded a nine-month PayPass market trial in Orlando, Florida with JPMorgan Chase, Citibank, and MBNA. More than 16,000 cardholders and more than 60 retailer locations participated in the market trial. In addition, MasterCard worked with Nokia, AT&T Wireless, and JPMorgan Chase to incorporate MasterCard PayPass into mobile phones using Near Field Communication technology, in Dallas, Texas. PayPass is expected to be integrated into mobile phones soon.

In 2005, MasterCard began to roll out PayPass in certain markets. As of September 2011, the following financial institutions have issued cards that feature MasterCard PayPass:

  1. Viseca Card Service SA (Switzerland)
  2. Westpac (Australia)
  3. Bank of America
  4. Banca Intesa Beograd (Serbia)
  5. Fifth Third Bank (United States)
  6. JPMorgan Chase (available through its "blink" contactless feature in the United States)
  7. Citibank (both MasterCard credit and debit cards)
  8. HSBC Bank USA (debit card only)
  9. Washington Mutual (United States, available on the Debit MasterCard, Gold Debit MasterCard & Platinum Debit MasterCards)
  10. Key Bank (United States, debit card only)
  11. Citizens Bank and Charter One Bank (both MasterCard credit and debit cards, switching to Visa in fall 2009)
  12. Commonwealth Bank (Australia, notable for featuring it on every MasterCard issued)
  13. Garanti Bank (Turkey, available through its Bonus Trink Card)
  14. Banco de Oro (Philippines, available through its BDO International ATM Card)
  15. Bank of Montreal (Canada, available on most cards issued after November 1, 2007)
  16. President's Choice Financial (Canada)
  17. CIMB Bank (Malaysia)
  18. Bank Zachodni WBK SA (Poland)
  19. Deutsche Kreditbank AG (Germany, issuer of Lufthansa Miles & More credit cards)
  20. Natwest (United Kingdom), on Maestro cards; limited use in the London Docklands and City of London
  21. HSBC (United Kingdom), on credit cards; limited use in selected areas of London — now discontinued (only 300 of 32,000 cards issued were ever used in a contactless transaction)
  22. Canadian Tire Bank (Canada)
  23. Capital One (Canada)
  24. Barclaycard (United Kingdom)
  25. Shinhan Bank (South Korea)
  26. Alior Bank (Poland)
  27. Poste italiane (Italy)
  28. Banka Koper (Slovenia)
  29. OTP Bank (Hungary, launched in September 2009)
  30. Takarék Bank (Hungary)
  31. Lloyds TSB (United Kingdom)
  32. Banca Popolare dell'Emilia Romagna (Italy, launched in January 2010)
  33. Alfa-Bank (Russia)
  34. mBank (Poland)
  35. MultiBank (Poland)
  36. Citi Handlowy (Poland)
  37. Inteligo (Poland)
  38. BNP Paribas (Poland)
  39. ING Bank Śląski (Poland)
  40. Raiffeisen Bank International (RBI) for Austria (Austria)
  41. Raiffeisen Bank (Poland, Russia, Hungary)
  42. Getin Noble Bank (Poland)
  43. Polbank EFG (Poland)
  44. Millennium (Poland)
  45. Deutsche Bank PBC (Poland)
  46. Invest Bank (Poland)
  47. PKP BP (Poland)
  48. Prima banka Slovensko, a.s. (Slovakia, since January 2011)
  49. Kiwibank (New Zealand, launched September 2011)
  50. National Bank of Canada (Canada, launched in spring 2009)
  51. First Investment Bank (Fibank, Bulgaria, since 2010)
  52. BRD – Groupe Société Générale (Romania)
  53. Komerční banka, a.s. (Czech Republic)
  54. Bank Pekao S.A. (Poland)
  55. Banamex (Mexico, since 2012)
  56. Vincento Payment Solutions Ltd. (Kalixa in United Kingdom, since 2012)
  57. U.S. issued HSBC Debit MasterCard with PayPass can be used in the U.K
  58. Bancolombia (Colombia, since September 2012)
  59. PrivatBank (Ukraine, since November 2011)

Read more about this topic:  MasterCard