7 May 2006 79 views No Comment Print This Post  Email This Post

Cathleen Conforti, a senior vice president at MasterCard and PayPass global product manager, reports some promising first results of the introduction of PayPass.

Customers are using their contactless MasterCard PayPass as intended, with over 60% of transactions under $25, suggesting consumers are keeping their cash in their wallets and paying instead with the tap-and-go cards.
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Consumers using their PayPass cards are paying with them 85% to 95% more often than they previously used their cards.

Read more about it on: Card Technology