PayPass


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PayPass

(ˈpeɪˌpɑːs)
n
(Commerce) trademark a type of wave-and-pay system that employs RDIF technology, and allows shoppers to pay for low-value goods by touching their debit or credit card against an electronic reader. See also wave-and-pay
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
WisePad2 complies with all major industrial security standards including PCI PTS v4.1 with SRED; EMV L1 & L2; EMV Contactless L1; VISA payWave; MasterCard PayPass; AMEX ExpressPay; Discover D-PAS; and MasterCard TQM.
MasterCard PayPass is strong in several developing markets
As Schreiner PinTrust fulfills the requirements of the MasterCard GlobalVendor Certification Program, the label can be used like a contactless credit card at all PayPass terminals worldwide.
Consumers can simply tap their new Tap2Pay NFC device on the contactless reader to make a purchase at more than 3000 merchant locations in Lebanon, as well as at any Paypass merchant outside Lebanon."
BANKING AND CREDIT NEWS-October 9, 2014--Kenya Commercial Bank certified for MasterCard PayPass
M2 EQUITYBITES-October 9, 2014--Kenya Commercial Bank certified for MasterCard PayPass
Global Banking News-October 9, 2014--Kenya Commercial Bank clears MasterCard PayPass certification
MasterCard developed the PayPass Wallet Service, which has three components: PayPass Acceptance Network, PayPass Wallet, and PayPass API.
The service, which CBA claims it is the first lender to offer it, would allow owners of Samsung Galaxy S4 phones to make secure and contactless payments at over 200,000 terminals across the country and 1.6 million merchant locations globally, using MasterCard's PayPass near-field communications (NFC) technology, by just touching their smartphone the terminals.
When we say making payments "safe, simple and smart," it's paramount that whether it's a mobile PayPass transaction or a cloud-based transaction, as we transition from plastic to mobile and beyond, we retain the security aspect of it.
The card is powered by MasterCard Paypass technology allowing customers to make small-ticket purchases without the need of a signature or PIN, at contactless terminals specially installed at Grand Cinemas.