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    Subway Goes Tap & Go™, Partners with MasterCard to Speed Transactions

     

    According to MasterCard Worldwide, the Subway chain will begin accepting a faster, more convenient payment method from customers. The MasterCard® PayPass™ payment will be accepted at more than 7,000 U.S.-based Subway locations by early 2012, says MasterCard.

    Customers pay for purchases by tapping a PayPass-enabled card at the point of purchase (POS).

    “Subway’s decision to provide PayPass acceptance is a testament to the popularity of contactless payments and our shared goal of providing consumers a faster and more convenient payment experience and a more enjoyable dining experience,” says Mario Shiliashki, senior vice president and group head, U.S. Emerging Payments, MasterCard Worldwide.

    Mastercard says that payments of $50 or less do not require a signature through PayPass.

    Through the first half of this year, 100 million PayPass-enabled cards and devices were issued globally by Mastercard. This includes mobile payment tag, phone, card, key fob, or other device enabled devices, and these can be accepted at 341,000 merchant locations worldwide, according to a company statement.

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    (10-05-11)

    Source: Business Wire

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    This story appears in:  Marketing & Tech Articles | Fast Food