ExpressPay from American Express Announces New Merchants
American Express has announced that Ritz Camera and Sheetz have signed on as the newest merchant partners in its ExpressPay contractless payments program.
ExpressPay uses radio frequency (RF) technology in the form of a "wave- and-go" key fob or embedded in a traditional American Express card to make everyday purchases fast and easy. The user simply holds the fob or card next to a reader at the checkout counter to complete a purchase. The authorization takes place in seconds and no signature is required. Research conducted by American Express as part of its extensive pilot testing showed that consumers using ExpressPay benefit from significantly faster transactions relative to purchases using cash. Merchants can also benefit from greater efficiency and reduced transaction times, as well as from average transactions that are up to 30% larger with ExpressPay compared to cash purchases.American Express has been testing ExpressPay in Phoenix since 2002 and in New York since 2003. In addition to CVS and Ritz Camera, merchants participating in the Phoenix pilot have included participating locations of Carl's Jr., Fry's (Kroger) supermarkets, Blimpie Subs & Salads, Dairy Queen, Cold Stone Creamery, Schlotzsky's Deli and many others.
"We continue to be very pleased with consumer and merchant acceptance of ExpressPay and are thrilled with its momentum in the marketplace, as evidenced by today's announcement," said David Bonalle, vice president and general manager of Advanced Payments for American Express. "American Express aims to be a superior business partner to our merchants and to provide real value for our merchants and consumers alike. ExpressPay is yet another way we help our Cardmembers and our merchant partners reap substantial benefits in terms of speed, convenience and customer service."
Add your comment... (note that all comments are reviewed before they're published)