Global Payments signs Canada's Pioneer Petroleums to MasterCard PayPass technology

Source: Global Payments

Global Payments Inc. (NYSE:GPN), a world leader in electronic transaction processing services, announced today that Pioneer Petroleums, one of Ontario's largest independent gasoline retailers, is now accepting MasterCard PayPass, an innovative, contactless payment option for speed and convenience at the register.

The fast-growing service, which allows consumers to pay for goods and services with the simple tap of their payment card, is available at more than 140 Pioneer locations across Ontario.

"Global Payments has had a long standing relationship with Pioneer Petroleums and we are very pleased to be able to add them to Global Payments expanding list of merchants that are MasterCard PayPass enabled across Canada," said Global Payments Canada President, Jordan E. Cohen. "Providing our customers with leading-edge payment technology and processing capabilities remains the cornerstone of our service commitment."

"The implementation and adoption of MasterCard Pay Pass technology aligns well with Pioneer's commitment to enhance our customers overall shopping experience at Pioneer, by offering convenience and speed to the transaction process," said Vice President, Marketing & Merchandising, Pioneer Petroleums, David MacFarlane. "We believe Pioneer service stations are an ideal environment for MasterCard PayPass technology, as it will help streamline an often time-consuming activity for drivers who frequently do not have time to spare."

PayPass offers consumers a convenient alternative to cash by completing small ticket purchases quickly, securely and easily. Pioneer customers with a MasterCard PayPass card or device can also pay for purchases in-store. With PayPass, there is no longer the need to fumble for cash and coins, enter a PIN, swipe a card, or sign a receipt for any PayPass purchase under $50.

"We believe that the security, speed and convenience of using MasterCard PayPass at the register and gas pump will improve cardholders' overall retail experience," said Vice President, Acceptance and Merchant Development, MasterCard Canada, William Giles. "2008 will be another milestone year for MasterCard PayPass in Canada. Increased card availability will help bring the benefits of PayPass to more Canadians."

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 cards can also be used in the traditional manner anywhere MasterCard is accepted around the world. MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories where quick service is essential.

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