LOS ANGELES, California, March 26 /PRNewswire/ -- MasterCard Worldwide
today announced that it has signed a development agreement with ASK to
create paper-based contactless payment solutions for use in transit and
other payment environments. The announcement was made today at the American
Public Transportation Association (APTA) conference in Los Angeles.
MasterCard is the global leader in contactless payments, with nearly 13
million MasterCard(R) PayPass(TM) cards in use at more than 46,000 merchant
locations worldwide.
"MasterCard PayPass is intended for environments where speed is at a
premium. Transit is a perfect example." said Kathleen Reilly, MasterCard
Worldwide. "In a subway environment, limited-use, paper-based contactless
fare tickets could replace standard mag-stripe fare cards for riders who
don't have a PayPass-enabled payment card. This solution would enable all
riders to tap their way through the turnstile." MasterCard's development
arrangement with ASK extends beyond contactless payment cards for transit.
"The possibilities from paper-based solutions leveraging contactless
payments are endless" adds, Reilly.
"More than 50 million ASK contactless paper tickets have already been
widely spread worldwide in mass transit Automatic Fare Collection systems,
says Thierry Burgess, US General Manager. Merging contactless paper tickets
with Mastercard' PayPass payment technology provides a cost-effective and
user-friendly solution", he adds.
Tap & Go(TM) in Transit
Transit represents an ideal market for contactless payments, as few
sectors place a higher priority on speed and convenience. MasterCard is
leading the effort to enable contactless transit payments on a global
scale. In the U.S. alone, MasterCard is participating in a contactless
trial in the New York City subway system and on the Ohio Turnpike, while
PayPass is now accepted in many Philadelphia and NYC taxi cabs and Utah
buses. MasterCard is also leading the effort to develop new PayPass-enabled
devices, such as key fobs, mobile phones, wristwatches and wristbands.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link between financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes more than 16 billion
payments each year, and provides industry-leading analysis and consulting
services to financial institution customers and merchants. Through its
family of brands, including MasterCard(R), Maestro(R) and Cirrus(R),
MasterCard Worldwide serves consumers and businesses in more than 210
countries and territories. For more information go to
http://www.mastercardworldwide.com.
About ASK
Founded in 1997, ASK is today a worldwide leading supplier of
contactless cards, tickets, RFID tags, e-passport inlays and readers
addressing the mass transit, access control, banking, e-identity and supply
chain markets. More than 70 million contactless products are already in
service. ASK is a France-based company with worldwide customers and
subsidiaries in the US, Singapore and China.
For more information, please visit http://www.ask-rfid.com
Contacts:
Devon Nagle, Waggener Edstrom Worldwide, +1-203-353-7032,
Devonn@WaggenerEdstrom.com
Chris Monteiro, MasterCard Worldwide, +1-914-249-5826,
chris_monteiro@mastercard.com
Thierry Burgess , ASK , +1-310-398-1464, thierry.burgess@ask-rfid.com
ASK Corporate Press contact: Claire Boyer, +33-4-97-21-48-56,
claire.boyer@ask.fr
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SOURCE ASK and Mastercard
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CONTACT:
Contacts: Devon Nagle, Waggener Edstrom
Worldwide, +1-203-353-7032, Devonn@WaggenerEdstrom.com; Chris
Monteiro, MasterCard Worldwide, +1-914-249-5826,
chris_monteiro@mastercard.com; Thierry Burgess , ASK ,
+1-310-398-1464, thierry.burgess@ask-rfid.com; ASK Corporate
Press contact: Claire Boyer, +33-4-97-21-48-56,
claire.boyer@ask.fr
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