MasterCard, RBS, Stagecoach to pilot contactless transit payments in Liverpool
21 October, 2008
category: Contactless, Financial
A one-year pilot program, scheduled to begin next year in Liverpool, will include MasterCard and Royal Bank of Scotland which will enable users to pay for their bus trips on Stagecoach with PayPass, MasterCard’s contactless payment solution.
MasterCard says the trial is the first time a contactless bank card will be used to make payments on public transport in the UK. Unlike London’s Oyster transit system, the card does not need to be topped up because funds are automatically debited from the debit or credit card.
MasterCard says it also has signed up U.S. merchant Faber, Coe & Gregg to begin accepting PayPass transactions at its 80 food and retail stores next year.
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