Finextra: MasterCard introduces PayPass mobile stickers

MasterCard introduces PayPass mobile stickers
Blaze Mobile has teamed with MasterCard to offer a PayPass sticker that can be attached to any mobile device and used for contactless payment transactions at 141,000 PayPass-enabled merchant locations.

The sticker transmits card information to the merchant's point-of-sale terminal via RFID technology, allowing consumers to "tap" their mobile device on a PayPass reader to complete their transaction.

The mobile payment sticker is tied to a prepaid account and is issued by MetaBank.

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Posted by John B. Frank Monday, March 30, 2009

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