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MasterCard, Toshiba and DNP Introduce Dual-Interface PayPass / EMV Card

14 Jul, 2009

MasterCard Worldwide
Toshiba Corporation
Dai Nippon Printing Co., Ltd

 

Tokyo, 14 July 2009 - MasterCard Worldwide, working in collaboration with Toshiba Corporation and Dai Nippon Printing, today announced that a dual-interface card equipped for contactless MasterCard PayPassTM and contact EMV payment applications is launched in Japan.

The card offers the combined convenience and security of MasterCard's M/Chip 2.1 EMV technology for contact applications, such as ATMs, and PayPass M/Chip Flex technology based on the global ISO/IEC14443 Type A standard for contactless applications, such as small, cashless payments.

figure of Dual-Interface PayPass / EMV Card 

Dual-Interface PayPass / EMV Card

Companies in Japan that are currently issuing EMV cards now can easily offer their customers the added flexibility of quick, easy and secure payments with MasterCard PayPass.

Japan-issued PayPass cards can be used at participating merchants both domestically in Japan and worldwide. This global interoperability makes PayPass especially useful for cardholders who travel internationally. It is also ideal for payments where speed is essential, such as gas stations, convenience stores and taxis.

Since launching PayPass in 2002, MasterCard has seen its proprietary contactless application build strong momentum worldwide, with more than 55 million PayPass-enabled cards and devices in use as of Q1 2009. MasterCard cardholders enjoy fast 'Tap & Go' cashless shopping with no signature required(1) at more than 146,000 merchant locations worldwide.  There are a number of PayPass trials and rollouts currently underway in 29 countries, including Australia, Canada, China, the Czech Republic, France, Germany, Indonesia, Italy, Japan, Korea, Lebanon, Malaysia, Mexico, Mongolia, the Philippines, Poland, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates, the United Kingdom and the United States.

PayPass enables card issuers to differentiate their card products particularly when targeting co-brand opportunities with retailers such as shopping malls, department stores and theaters.  There are now more PayPass acceptance points in Japan as merchants increasingly install compatible NFC(2) terminals to increase operational efficiency and enhance customer convenience and satisfaction.

Toshiba produces PayPass-enabled chips and DNP develops and produces plastic cards and antennae. Together with MasterCard, Toshiba and DNP look forward to expanding the Japanese market for secure and convenient payment applications.

Note:
(1)
Signature is not required for purchases under $25 at participating locations.
(2)
Near Field Communication
NFC is a specification for short-distance wireless communication which uses the 13.56 MHz frequency, and was set as an international standard in December of 2003 by ISO. It is compatible with FeliCa, ISO14443TypeA(MIFARE), and ISO14443TypeB. NFC enabled devices are able to read data from each NFC devices.

About DNP

Dai Nippon Printing Co., Ltd (DNP) is the world's largest comprehensive printing company with approximately 40,000 employees and annual Group sales of  ¥1.585 trillion. Beginning with printing, DNP operates a broad array of businesses, including commercial printing, smart cards, business forms, networking ventures, and the production of electronics related materials. In the electronics segment, DNP manufactures products for displays such as LCD color filters, and semi-conductor materials, including photomasks, printed wiring boards, and package related materials.
For further information, please visit http://www.dnp.co.jp/

About Toshiba

Toshiba is a world leader and innovator in pioneering high technology, a diversified manufacturer and marketer of advanced electronic and electrical products spanning information & communications systems; digital consumer products; electronic devices and components; power systems, including nuclear energy; industrial and social infrastructure systems; and home appliances.
Toshiba was founded in 1875, and today operates a global network of more than 730 companies, with 199,000 employees worldwide and annual sales surpassing US$67 billion. Visit Toshiba's web site at www.toshiba.co.jp/index.htm

About MasterCard PayPassTM

PayPassTM is a new "contactless" payment feature that provides consumers with a fast and convenient alternative to cash for their everyday small purchases, and can be added to any MasterCard or Maestro account. Consumers simply tap their PayPass-enabled card or device (such as a payment tag) on a specially equipped merchant terminal, eliminating the need to fumble for cash and coins, hand their card over to a clerk, or swipe the card. Signatures are not required for PayPass purchases under $25, further speeding customers' transactions. PayPass also provides better record-keeping than cash. PayPass is ideal for quick payment environments where speed is essential, such as quick serve restaurants, gas stations, drug stores, vending machines, movie theaters, transit, and sports arenas. www.mastercard.com/jp/personal/jp/aboutourcards/PayPass/

As of Q1 2009, there are over 55 million MasterCard PayPass cards and devices in use at over 146,000 merchant locations worldwide. PayPass trials and rollouts have been conducted in 29 countries, including Australia, Canada, China, the Czech Republic, France, Germany, Indonesia, Italy, Japan, Korea, Lebanon, Malaysia, Mexico, Mongolia, the Philippines, Poland, Romania, Russia, Serbia, Slovakia, Spain, Switzerland, Taiwan, Thailand, Turkey, the United Arab Emirates, the United Kingdom and the United States.

About PayPass Security

PayPass transactions are just as safe as traditional payment card transactions. Due to the nature of a chip card, PayPass has a number of built-in safeguards. For example, a card will be blocked if it exceeds a certain number of consecutive transactions without a PIN being entered. That limit is decided by the issuing bank to reflect the individual cardholder's usage and may take into account volume, value and/or a random element. When that limit is reached, the merchant's terminal will request a PIN to confirm the user is the rightful owner of the card, meaning the card can no longer be used fraudulently for PayPass-enabled transactions.

Additionally, the PayPass card or device must also be extremely close to the PayPass terminal to be read - typically within one to two inches.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.

*All brand and company/product names are trademarks or registered trademarks of the respective companies.
*All specifications are subject to change without notice.

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Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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