TITLE

MERCHANTS SEE PAYPASS BOOST

PUB. DATE
March 2007
SOURCE
CardLine;3/30/2007, Vol. 7 Issue 13, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the comments of Chris Schad, director of business development for U.S. acceptance at MasterCard Worldwide, on offering merchants a lower interchange rate on MasterCard PayPass contactless transactions. Schad said that there is no need to offer a lower interchange rate because retailers already have an incentive to take PayPass, which is higher spending by customers. He also said that if a consumer can be persuaded to use a contactless card three times, he or she is likely to continue to do so.
ACCESSION #
24589538

 

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