Gemplus Receives Full Certification From MasterCard International for its GemInstant PayPass Solution

Tuesday, July 5 2005

Gemplus launched its GemInstant PayPass solution for contactless payment. The company also received full certification from MasterCard International for GemInstant PayPass. GemInstant PayPass leverages contactless technology to simplify payment for small value transactions in venues where speed is essential. It consists of a MasterCard payment card with a built-in chip and antenna that uses short range radio waves to allow users to simply tap their GemInstant PayPass smart cards on specially-equipped PayPass terminals to securely transmit account details.

Merchant and consumer interest in MasterCard PayPass in the U.S. continues to grow, with an increasing number of merchants and other commercial partners agreeing to accept the contactless payment program. They include McDonald's, Regal Entertainment Group movie theaters, CVS pharmacies, and 7-Eleven and Sheetz convenience stores, as well as several sporting arenas. Additionally, J.P. Morgan Chase & Co., one of the largest credit-card issuer in the U.S., has publicly announced plans to issue cards powered by MasterCard PayPass during 2005.

http://www.contactlessnews.com/weblog/2005/07/05/gemplus-receives-full-certification-from-mastercard-international-for-its-geminstant-paypass-solution/