MasterCard contactless technology rolled out to vending machines
27 June 2006 | 11799 views | 0
MasterCard says its PayPass contactless payments system will be accepted at Coca-Cola vending machines in Philadelphia following successful trials of the technology in New York and Atlanta.
Customers can use their PayPass cards and devices to make purchases at vending machines equipped with USA Technologies' e-port RFID transaction technology, which was developed specifically to accept contactless payments.
The roll out in Philadelphia follows the successful trials of the e-Port system in vending machines in New York City and Atlanta.
To use the technology, consumers simply tap their MasterCard PayPass card or device on the vending machine's e-Port payment terminal. Within seconds, the terminal will flash a light and produce a tone signalling the transaction is complete.
TJ Sharkey, vice president, business development, US acceptance, MasterCard, says: "The more than $40 billion US vending industry opens up an entirely new market for payment companies, as we offer consumers a fast and convenient payment method."
Sharkey says PayPass will provide operators with new efficiencies and increased transaction revenues as well as provide consumers with improved service.
MasterCard says the deployment is considered to be the largest rollout of contactless technology in vending machines in the US market to date.