WILMINGTON, Del.– MBNA has begun issuing credit cards that feature MasterCard PayPass contactless payment technology to its new and existing customers in Atlanta, with customers in additional markets to follow in the coming months.
PayPass integrates a radio frequency chip and antennae in the card plastic. Cardholders simply “tap” their cards on specially equipped merchant terminals to pay. PayPass eliminates the need for consumers to fumble for cash and coins, hand over their payment card to a clerk or swipe it through a reader. And since most purchases under $25 do not require a signature, PayPass ensures fast and convenient transactions at places like fast food restaurants, gas stations, movie theaters, and convenience stores.
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