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Your Money On Your Wrist!

Tags » Contactless Payments, MasterCard

MasterCard Worldwide has announced the first trial of its latest form factor in contactless payment technology, the MasterCard PayPass wristband.

According to MasterCard, the new PayPass wristband will be given to the first 5,000 fans entering Giants Stadium for the New York Giants-Indianapolis Colts football game on Sunday, September 10, compliments of MasterCard. The wristbands feature Giants' team colors, will be pre-loaded with $25 and can be used at concession stands where PayPass is accepted. This trial is designed to test a new contactless form factor specific to venues and special events such as professional football and Major League Baseball games.

PayPass offers consumers a convenient alternative to cash that allows for small ticket purchases to be completed quickly, securely and easily. Consumers no longer need to fumble for cash and coins, swipe a card, or sign a receipt for any PayPass purchase under $25 (purchases over $25 will require a signature and a receipt). Users simply tap their PayPass-enabled card or device on the PayPass reader at participating locations and they are on their way.

"We are proud to be working with the New York Giants to launch the first trial of our new PayPass-enabled wristbands," said Art Kranzley, Group Executive, Advanced Payments, MasterCard Worldwide. "We understand how much consumers appreciate the speed and convenience that PayPass offers, and we are happy that we can go one step further and create something that is both stylish and functional."

"The New York Giants worked with MasterCard one year ago to install PayPass readers in our food and vendor kiosks, and it has been a huge success," said Rusty Hawley, Vice President of Marketing, New York Giants. "To work with MasterCard again to further enhance the fan experience while enabling spectators to show off their team pride is an added bonus."


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