News

Contactless card trial gets wide approval

Mastercard Worldwide has announced the results of a trial of its mobile phone embedded payment card.

The technology uses radio frequency to enable secure, contactless communication between two devices at close range.

In partnership with Taiwan Mobile and Taipei Fubon Bank, the credit-card firm tested the MasterCard Mobile with PayPass system on a Nokia phone with 100 people.

More than 75% of those tested preferred using the system to traditional contact-based cards.

The survey reported, “67% of programme participants were satisfied with the trial experience and would like to continue or renew their MasterCard Mobile Pay Pass in the future.”

Squid card keeps payments simple >>

Banking industry adopts contractless payments >>

Visa to launch contactless payment cards >>

Barclaycard and Oyster roll out wave-to-pay cards >>

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