Travelers can Simply "Tap & Go(TM)" to Make Purchases at the Faber, Coe
and Gregg Family of Brands
PURCHASE, N.Y., Oct. 20 /PRNewswire/ -- MasterCard Worldwide announced
today that Faber, Coe & Gregg (Faber), a leader in the travel and
hospitality industry, expects to accept MasterCard(R) PayPass(TM)
contactless payment transactions in 2009 at its more than 80 food & retail
store locations. Customers who visit Faber stores can use their MasterCard
PayPass card or device to simply "Tap & Go" to pay for everyday items,
enabling them to make purchases quickly and conveniently. By accepting
MasterCard PayPass, the company will offer the millions of travelers it
serves each year quicker transactions and greater payment convenience to
enhance the overall travel shopping experience.
"Our customers are always on the go, and MasterCard PayPass provides an
even faster way to pay at airports, train stations, interstate highways,
and hotel food & retail locations, where speed and convenience are
paramount," said Burton Friedman, chief financial officer, Faber.
"Expanding our payment options to include MasterCard PayPass is an
extension of our commitment at Faber to provide our customers with the most
valuable and convenient shopping and travel experience."
With PayPass technology, Faber customers can simply tap their
PayPass-enabled MasterCard card or device on a PayPass reader at check-out,
eliminating the need to hand their card over to a cashier or fumble for
cash. MasterCard PayPass also does not require customers to sign receipts
for purchases under $25, further speeding up the transaction.
"MasterCard PayPass is a perfect fit for food and retail establishments
located in transit hubs because it allows customers to quickly make their
purchases and be on their way, instead of waiting in long lines," said
Denis Bouchard, group head, U.S. Merchant Product Sales. "PayPass is
becoming the preferred way to pay for consumers who are on the move,
whether they are riding in a taxi, boarding a subway or rushing through an
airport."
Faber operates nationally-recognized retail brands in airports, train
stations, highway rest stops and hotels on the east coast of the U.S. They
will accept MasterCard PayPass, in addition to traditional magnetic-stripe
payment cards, at all of the check-out counters of their food and retail
stores. The Faber family of brands includes a wide variety of national
retail brands, newsstands, and cafe shops, such as Hugo Boss, Cubavera,
Diamond Fire, Taxco, L'Occitane, Faber News Now, Dunkin Donuts, Java Moon,
Cuban Coffee, Seattle's Best Coffee, Wetzels Pretzels, Pizzeria Uno
Express, and Sandella's Flatbread Cafe.
MasterCard PayPass is currently accepted within several retail sectors
where speed and convenience are critical factors, such as quick-service
restaurants, sports stadiums and arenas, movie theaters, supermarkets,
vending machines, and taxis.
About MasterCard PayPass
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 such as quick serve restaurants, drug
stores, gas stations, vending machines, convenience stores, sports arenas,
movie theaters, transit systems and parking garages. As of 2Q 2008, there
are nearly 37 million MasterCard PayPass cards and devices in use in 24
countries, and PayPass is currently accepted globally at more than 122,000
merchant locations, including participating 7-Eleven, CVS, McDonald's and
many others. PayPass is also accepted at numerous professional football and
baseball stadiums. For more information about MasterCard PayPass and a full
list of participating merchants, visit http://www.mastercard.com/paypass.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical
economic link among financial institutions, businesses, cardholders and
merchants worldwide. As a franchisor, processor and advisor, MasterCard
develops and markets payment solutions, processes over 18 billion
transactions 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 serves consumers and businesses in more than 210
countries and territories. For more information go to
http://www.mastercard.com.
About Faber
Founded in 1848, Faber, Coe & Gregg began as a well respected group of
purveyors and manufacturers of high quality cigars and tobaccos. Beginning
with the original American Indian Cigar Store, they established tobacconist
shops in the developing urban Northeast. Faber secured its first airport
retail newsstand contract at JFK International Airport in 1954. Today,
Faber's experience extends to all segments of the travel and hospitality
industry. Faber has a presence in airports, train stations, interstate
thruways and major hotels. For over 160 years, Faber has been providing
customers with exceptional service and products.
Contacts
Tristan Jordan, MasterCard Worldwide +914-249-5724, tristan_jordan@mastercard.com
Burton Friedman, Faber, Coe & Gregg, Inc. +201-330-1515,
bfriedman@faber-intl.com
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