15.09.2006 16:09:00
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North American Bancard Inc. to Deploy MasterCard(R) (Public, NYSE:MA) PayPass(TM) Acceptance Devices Into the US Marketplace
The Vivotech terminals, which NAB calls "Tap-Here" devices, willafford all of NAB's merchant customers the latest technology in cardacceptance. MasterCard PayPass improves the customer experience at thepoint of sale and improves the merchant's bottom line by speedingconsumers through check out lines. The devices are also capable ofaccepting American Express and Discover cards right out of the box.North American's "Tap-Here" devices are in stock and ready fornational deployment to all new and existing customers, free of charge.
"Once again, we are taking the lead in pushing the latesttechnology out to our merchant customers," says Marc Gardner,President of North American Bancard. "Providing these Vivotech deviceswill give our merchants a more convenient way to do business withconsumers, thereby improving their own profitability. We are excitedto offer this technology which fits nicely into our customer-centricphilosophy."
"MasterCard is pleased to see the commitment NAB has made tosupport our rollout this year," says T.J. Sharkey, Group Head,National Accounts, U.S. Commerce Development, MasterCard Worldwide."Their efforts will create a better buying experience for MasterCardcardholders who frequent their merchants."
MasterCard PayPass is a "contactless" payment feature thatprovides consumers with a fast and convenient alternative to cash fortheir everyday small purchases. Consumers simply tap theirPayPass-enabled card or device on a specially equipped merchantterminal, eliminating the need to fumble for cash and coins, handtheir card over to a clerk or swipe the card. Signatures are notrequired for PayPass purchases under $25, further speeding customer'stransactions. PayPass provides better record keeping than cash.
For further information, or to order a Tap-Here device, contactNorth American Bancard at 1-877-Tap-Here.
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavyenvironments where speed is essential, such as quick serverestaurants, drug stores, gas stations, vending machines, conveniencestores, sports arenas, movie theaters, transit systems and parkinggarages. There are approximately 10 million PayPass cards and devicesin the market & approximately 32,000 merchant locations around theworld that accept PayPass, including participating 7-Eleven, CVS,McDonald's, Regal Entertainment Group theaters and many others.PayPass is also accepted at numerous National Football League andMajor League Baseball stadiums. For more information about MasterCardPayPass and a full list of participating merchants, visitwww.mastercard.com/paypass.
About MasterCard Worldwide
MasterCard Worldwide (www.mastercardworldwide.com) advances globalcommerce by providing a critical economic link between financialinstitutions, businesses, cardholders and merchants worldwide. As afranchisor, processor and advisor, MasterCard develops and marketspayment solutions, processes close to 14 billion payments each year,and provides industry-leading analysis and consulting services tofinancial institution customers and merchants. Through its family ofbrands, including MasterCard(R), Maestro(R) and Cirrus(R), MasterCardWorldwide serves consumers and businesses in more than 210 countriesand territories.
About North American Bancard (www.nabancard.com)
Headquartered in Troy, Michigan, North American Bancard is amulti-faceted payment solutions provider dedicated to providing thelatest technology, as well as committing to the highest servicelevels. As a registered MSP/ISO of HSBC Bank, National Association,Buffalo, New York. Since 1992, North American Bancard has provided itsmore than 50,000 clients with a full suite of products and servicesincluding Credit, Debit, EBT, Check Conversion and Guarantee, ATM,Gift and Loyalty Cards and Online Payment Gateway solutions.
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