13 December 2017
visit www.aciworldwide.com

Turkey's Garanti Bank to issue PayPass wrist watch

08 May 2007  |  7757 views  |  0 watch paypass reader

MasterCard Worldwide is teaming with Turkey's Garanti Bank for the European launch of a wrist watch featuring its contactless payments technology PayPass.

Garanti Bank, which was the first bank in Europe to launch a MasterCard PayPass credit programme, will issue the limited edition PayPass watches to holders of its contactless credit cards.

Customers can use the watches as a replacement to cash when paying for purchases under EUR15. Payments can be made by tapping the watch against a specially-equipped PayPass reader.

Cathleen Conforti, global PayPass product manager, MasterCard Worldwide, says: "Contactless payments have a major role to play in the replacement of cash in European commerce. The launch of a highly innovative payment device like this watch in partnership with Garanti Bank is just one of the ways we are bringing fast, convenient and secure alternatives to cash to the European market."

The issuance of the watches in Europe follows the launch in June 2006 of a football-themed PayPass-equipped watch by Taiwan's Chinatrust Bank last year to coincide with the FIFA World Cup in Germany.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

VeriFone and MasterCard equip Philly taxis with PayPass

VeriFone and MasterCard equip Philly taxis with PayPass

15 November 2006  |  6851 views  |  0 comments
MasterCard launches PayPass in Europe with Turkey's Garanti Bank

MasterCard launches PayPass in Europe with Turkey's Garanti Bank

21 July 2006  |  11241 views  |  0 comments
MasterCard contactless technology rolled out to vending machines

MasterCard contactless technology rolled out to vending machines

27 June 2006  |  11799 views  |  0 comments
Chinatrust releases PayPass-enabled wrist watch

Chinatrust releases PayPass-enabled wrist watch

07 June 2006  |  10603 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.atos.netvisit www.response.ncr.com

Top topics

Most viewed Most shared
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
12141 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
9330 views comments | 16 tweets | 22 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
7928 views comments | 17 tweets | 35 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
7334 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7169 views comments | 20 tweets | 11 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job