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Headline News - February 8, 2007

Tags » Payments News - Headline News

Note: Throughout the day, as Payments News happens, this post is updated. For job opportunities available for payments professionals, visit PaymentsJobs.com. Employers looking to hire payments professionals can post their job openings there as well.

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This is great news. I use MasterCard PayPass, and although I do not live on the west coast where Tully's Coffee is located it is great news for those who frequent this chain.

I find that PayPass is far superior to Visa Contactless and American Express ExpressPay. PayPass is offered in card, on a key chain payment tag and mobile phone (Nokia 3220 and 6131 NFC). Visa Contactless, I believe, is only offered in the card itself, and American Express only offered ExpressPay on a key chain tag or in the card itself of select AMEX products. The PayPass brand is advertised better and financial institutions have embraced it more quickly than the competitors. Chase credit and debit products call their contactless technology Blink, which encompasses both the Visa and MasterCard products.

More info on the MasterCard product, which has even been implemented in mobile phones is located at:

http://www.mastercard.com/us/personal/en/aboutourcards/paypass/index.html

or

http://www.mastercard.com/us/paypass/mobile/index.html

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