MasterCard launches a contactless, tap and go card payment useable with vending machines.
In conjunction with The Philadelphia Coca-Cola Bottling Company and USA Technologies, 1,000 Coca-Cola vending machines enabled with the e-Port cashless transaction solution will begin accepting MasterCard PayPass.
The deployment is considered to be the largest rollout of contactless technology in vending machines in a U.S. market to date.
The landmark rollout in Philadelphia follows the successful trials of USA Technologies' e-Port by MasterCard and USA Technologies in vending machines in New York City and Atlanta. USA Technologies' Generation Six (G6) e-Port radio frequency technology was developed specifically to accept MasterCard PayPass and other forms of contactless payments.
Consumers no longer need to fumble for cash and coins. To use this technology, consumers simply tap their MasterCard PayPass-enabled card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signaling the transaction is complete. As with all MasterCard PayPass transactions under $25, no signature will be required for purchases. In addition to accepting MasterCard PayPass, the terminals will also accept traditional magnetic-stripe credit and debit cards.
How MasterCard PayPass Works
MasterCard PayPass uses radio frequency technology to transmit payment details wirelessly between the PayPass device and the merchant's terminal. The transaction is then processed through the MasterCard network for clearing and settlement. PayPass technology can be found in a number of different forms. PayPass cards include magnetic stripe technology, so the cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. PayPass technology can also be used in a number of devices, such as a convenient payment tag that fits on a key chain for easy access, and in mobile phones.
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, such as quick serve restaurants, drug stores, gas stations, vending machines, convenience stores, sports arenas, movie theaters, transit systems and parking garages. There are approximately 7 million PayPass cards and devices in the market & approximately 30,000 merchant locations around the world that accept PayPass, including participating 7-Eleven, CVS, McDonald's, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous National Football League and Major League Baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit mastercard.com/paypass.
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