MasterCard PayPass is a contactless payment feature that lets the user to make Tap&Go™ payments from their NFC enabled smartphones. It simply means, tap your cell phone to a Electronic sophisticated readers installed in the shops to make the payment without opening your wallet. So no more physical cash payments. It works just like your traditional MasterCard payment card but no more swiping, inserting or giving your card to cashiers. Payments can be made in a much simpler way using PayPass Technology.
Finalized in 2003, Near Field Communication (NFC) is a technology that allows a cell phone to securely transmit and receive information wirelessly. NFC devices (like Nokia 610 NFC) use low-power radio to communicate with one another within a near distance.
After you tap your PayPass-enabled phone at a PayPass-enabled terminal or reader, your phone transmits payment details wirelessly using NFC. The reader then verifies your transaction with your bank through MasterCard’s reliable network and indicates approval almost instantly before you receive the payment confirmation.
For a detailed steps on how to install the PayPass and registration process please refer this link from Mastercard.com
Google has already developed Google Wallet app last year in 2011 which is used for contactless payments which is freely available in the Google Play Store for only Sprint Nexus S 4G customers (more to be supported soon).
For a small payment (less than $50) there is no PIN or signature required but if the amount exceeds then data exchange cannot be made until you put in your pin on the phone. Entering this pin enables the NFC antenna and switches off the same after the payment. This may vary from country to country. Google Wallet uses much secure methods for the contactless payments. For every transaction a pin needs to be entered.
MasterCard has unveiled a new brand identifier – “MasterCard PayPass® Ready” to indicate the devices which are certified with MasterCard PayPass.
BlackBerry Bold 9900 and BlackBerry Curve 9360 are the first device which got the PayPass certification in 2011. Below are some more devices which join this certification list.
- BlackBerry Bold 9790
- BlackBerry Curve 9380
- HTC One X
- Intel Smartphone Reference Device
- LG Viper 4G LTE
- LG Optimus Elite
- Nokia 603
- Nokia Lumia 610 NFC
- Samsung Wave Y
- Samsung Galaxy mini 2
- Samsung Galaxy S Advance
- Samsung Galaxy Nexus (GT-i9250)
- Sony Xperia S
- Sony Xperia P
- Sony Xperia sola
With this special phone you can
- Shop fast using MasterCard PayPass
- find the details of a movie
- Enjoy the movie previews by just tapping your phone on a special poster containing a NFC tag in it
- get rebates and more.