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   MasterCard PayPass
Created Date: 9/29/2009 3:26:31 PM
Country: United States
Focus: Citizen Engagement
Status: In use
License: Proprietary
Product Type: Software - Mobile
Target Users: MasterCard PayPass is aimed at both developed and emerging markets.
Developer Name: MasterCard
Product Url: http://www.mastercard.com/us/personal/en/aboutourcards/paypass/
System Requirements: In order to use MasterCard PayPass, customers need a MasterCard PayPass SIM card.
Description: MasterCard PayPass is a contactless way to pay that allows customers to ''''tap and go'''' with their mobile phones. MasterCard PayPass can be used on any contactless payment reader that displays the MasterCard Paypass symbol including in fast food restaurants, at gas stations, in convenience stores, at pharmacies, in movie theatres ect. Only for larger purchases, customers are required to sign.

MasterCard PayPass uses a hidden embedded computer chip and radio frequency antennae. After customers tap their PayPass at checkout, payment details are sent wirelessly to the MasterCard network. Moments after they tap, they will receive payment confirmation. With secure encryption technology and Zero Liability+ protection, MasterCard PayPass is as safe as a regular card.

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