MasterCard Worldwide has signed a development agreement with ASK, a manufacturer of contactless paper tickets, to create paper-based contactless payment applications for use in transit and other payment environments.
“MasterCard PayPass is intended for environments where speed is at a premium. Transit is a perfect example,” says Kathleen Reilly, from MasterCard Worldwide. “In a subway environment, limited-use, paper-based contactless fare tickets could replace standard mag-stripe fare cards for riders who don’t have a PayPass-enabled payment card. This solution would enable all riders to tap their way through the turnstile.”