<font face="Verdana, Arial, Helvetica, sans-serif" size="2">MasterCard International today announced MasterCard PayPass(TM), a new "contactless" card payment program that provides consumers with a simpler way to pay.

Using MasterCard PayPass, consumers simply tap or wave their payment card on a specially equipped merchant terminal that then transmits payment details wirelessly, eliminating the need to swipe the card through a reader. The new solution is ideal for traditional cash-only environments where speed is essential, such as quick serve and casual restaurants, gas stations and movie theaters.</font>