McDonald's to accept contactless Paypass cards

Fast food chain McDonald's is to begin accepting MasterCard's contactless payments card scheme, PayPass, at select restaurants in the US.

  0 Be the first to comment

McDonald's to accept contactless Paypass cards

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Participating restaurants in Dallas and the New York metropolitan area will implement the PayPass system later this year, with additional locations to be added in 2005.

Paypass cardholders will be able to pay for purchases by tapping or waving their card on or near a specially equipped terminal that uses a radio frequency (RF) chip to complete a payment transaction. Verifone Omni 7000 card-readers will be installed in restaurants to handle payments made with Paypass cards.

McDonald's says it currently accepts cashless payment options at more than 4500 restaurants in the US and expects to increase this to 8000 by the end of 2004.

Sponsored [Report] The US Instant Payments Landscape: Navigating Growth and Challenges

Related Company

Keywords

Comments: (0)

Webinar – Transforming Wealth Management through Macroeconomic InsightsFinextra PromotedWebinar – Transforming Wealth Management through Macroeconomic Insights