MasterCard International in conjunction with Chinatrust Commercial Bank, launch of the world's first wrist watch equipped with MasterCard PayPass. MasterCard PayPass is a contactless payment feature that does not need to be 'swiped' in the traditional manner of a credit card, and hence provides consumers with a fast and convenient alternative to cash for their everyday small purchases.

The watch has been created in collaboration with Chinatrust, one of the largest credit card issuers in Taiwan, LAKS GmbH, a well-known Austrian watchmaker and On Track Innovations Ltd., a global leader in contactless microprocessor-based smart card solutions. It has a sporty exterior that showcases soccer ball images on its face and will be offered to consumers in green, blue and orange.

Users simply tap their watch on a PayPass reader at participating merchants to conduct a purchase transaction.

Consumers with the Chinatrust 2006 FIFA World Cup MasterCard PayPass watch will also receive exclusive privileges: 

An extra 10% discount at Sports Giant stores, in addition to the current storewide sale that is offering consumers a discount of 20% and more.*

A package worth NT$1,699 with exclusive MasterCard FIFA World Cup merchandise, such as a 5-inch commemorative soccer ball and a carry bag.

Exclusive discounts at well-known hotel's and restaurants, such as, Imperial Hotel and Tony Roma's.*

* For details, limitations and more information, consult MasterCard. To apply for a card, browse MasterCard credit card offers and/or debit card offers at Credit Federal.