MasterCard launches a contactless, tap and go card payment useable with vending machines.
In conjunction with The Philadelphia Coca-Cola Bottling Company and USA Technologies, 1,000 Coca-Cola vending machines enabled with the e-Port cashless transaction solution will begin accepting MasterCard PayPass.
The deployment is considered to be the largest rollout of contactless technology in vending machines in a U.S. market to date.
The landmark rollout in Philadelphia follows the successful trials of USA Technologies' e-Port by MasterCard and USA Technologies in vending machines in New York City and Atlanta. USA Technologies' Generation Six (G6) e-Port radio frequency technology was developed specifically to accept MasterCard PayPass and other forms of contactless payments.
Consumers no longer need to fumble for cash and coins. To use this technology, consumers simply tap their MasterCard PayPass-enabled card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transaction is complete. As with all MasterCard PayPass transactions under $25, no signature will be required for purchases. In addition to accepting MasterCard PayPass, the terminals will also accept traditional magnetic-stripe credit and debit cards.
How MasterCard PayPass Works
MasterCard PayPass uses radio frequency technology to transmit payment details wirelessly between the PayPass device and the merchant's terminal. The transaction is then processed through the MasterCard network for clearing and settlement. PayPass technology can be found in a number of different forms. PayPass cards include magnetic stripe technology, so the cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. PayPass technology can also be used in a number of devices, such as a convenient payment tag that fits on a key chain for easy access, and in mobile phones.
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, such as quick serve restaurants, drug stores, gas stations, vending machines, convenience stores, sports arenas, movie theaters, transit systems and parking garages. There are approximately 7 million PayPass cards and devices in the market & approximately 30,000 merchant locations around the world that accept PayPass, including participating 7-Eleven, CVS, McDonald's, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous National Football League and Major League Baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit mastercard.com/paypass.
View offers for a MasterCard Credit Card at Credit Federal and submit your online application.
Debit Card Safety - It is estimated that almost half of consumers have a Visa or MasterCard debit card. Usually a debit feature is part of an ATM card. Some consumers use only a credit card for large purchases in case they need to withhold payment for defective items or service transactions. The Federal law gives consumers the right to withhold payment in certain circumstances if they use a credit card and in good faith tried to resolve the dispute with the merchant. Debit/ATM cards offer some protection, but you would need to find out the details of your ATM/Debit card. Visa debit cards do have with certain protections in the case of fraud. Many banks offer Visa check cards or atm/debit cards that may have the bank's logo on the card. It is easy for consumers to get all the details about fraud and fraud prevention along with details of what to do in the case of fraud.
It is best not to lend cards to anyone, don't leave cards or receipts lying around, don't write card numbers on anything that could be found, don't give your card numbers over the phone unless you initiate the phone call with a company you know. If credit or charge cards are lost or stolen, call the issuers immediately. Keep a list of your cards, the account numbers, and the toll free numbers to call if there is a problem. Most credit card companies provide customers with a 24-hour service. By law, once you report the loss or theft, you have no further liability for unauthorized charges. In any event, the maximum liability under federal law is $50 per card. If you suspect that someone has illegally used your credit card, call the card issuer immediately and consider sending the company a letter too. ATM/debit cards do make taking care of finances much easier but it is important to follow the tips and guidelines for using them.
