MasterCard, Toshiba and DNP launches Dual-Interface PayPass / EMV Card in Japan
MasterCard with Toshiba and DNP today announced that a dual-interface card equipped for contactless MasterCard PayPass and contact EMV payment applications is launched in Japan. The card offers the combined convenience and security of MasterCard’s M/Chip 2.1 EMV technology for contact applications, such as ATMs, and PayPass M/Chip Flex technology based on the global ISO/IEC14443 Type A standard for contactless applications, such as small, cashless payments.
PayPass enables card issuers to differentiate their card products particularly when targeting co-brand opportunities with retailers such as shopping malls, department stores and theaters. There are now more PayPass acceptance points in Japan as merchants increasingly install compatible NFC terminals to increase operational efficiency and enhance customer convenience and satisfaction