MasterCard has teamed up with Overwaitea Food Stores to introduce its PayPass contactless payment technology at all OFG grocery stores, including Save-On-Foods, PriceSmart Foods, Overwaitea Foods, Cooper’s Foods and Urban Fare throughout Canada.
Shoppers can now tap their credit card near the scanner to check out at their favorite store, reports Finchannel.com. The new technology may lead to reduced checkout times.
Users of the new system need not worry about security. MasterCard has encrypted the radio transmissions through the contactless payment system. This new system also adheres to the same standards of security employed by the standard swipe card method.
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