February 6, 2012
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5
min read
MasterCard began testing for its new feature, MasterCard PayPass in 2003 and now it is a commonly used feature for consumers who prefer speed and convenience as they complete transactions at point of sale checkouts.
PayPass allows consumers to make purchases without having to swipe the magnetic strip, insert the card chip and in most cases, no signature is necessary. Conveniently the technology is also being adopted for mobile devices.It makes checkouts a lot easier and faster. “All you have to do is Tap & Go”
Just Like MasterCard’s Paypass, Visa's equivalent PayWave also drastically decreases checkout times. No swiping is necessary and no need to fumble with change.
Look for the Mastercard Paypass and Visa PayWave logos on the top right hand side of your new credit card. All new cards issued in Canada have Contactless technology.
Coffee shops, grocery stores, and retail locations are great places to have Contactless Terminals. Any establishment that has high volumes of customers coming in and out of their store could improve checkout times with a Contactless Terminal.
Let's consider a coffee shop in Downtown Vancouver's business centre. Every morning there are working professionals, tourists and shoppers who need to fulfill their coffee fix. Whether it's getting to work on time, getting to the next tourist destination or finding that new pair of shoes; consumers want convenience rather than wasting valuable minutes in line because of slow checkouts.
With Contactless Terminals and more companies adapting to changes in technology, customers save time at checkouts and leave satisfied, ready to carry on with their day. Not only will Contactless Terminals help satisfy customers needs, they can help businesses become more efficient. Barrista's can spend less much time at the register and spend more time focusing on coffee.
Contact Kubera today to learn more about Contactless Terminals.