November 19, 2009
GAO Report Recognizes That Consumers Could Be Hurt By Government Intervention on Interchange
The Government Accountability Office (GAO) released a report confirming the benefits that merchants and their customers receive with payment card acceptance, and the downsides to governmental intervention. The report also makes very clear that while lower interchange rates might benefit big merchants’ profits, consumers could be harmed through higher costs to use their credit cards.
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November 18, 2009
Miami International Airport, ACS and MasterCard Worldwide Enhance Speed, Convenience of Airport Parking with MasterCard PayPass Contactless Payments
Affiliated Computer Services, Inc. (NYSE: ACS) today announced that Miami International Airport will accept MasterCard^® PayPass™ contactless payments in its parking lots starting December 2009. MasterCard PayPass is a fast, cashless payment option that enables travelers to pay for parking simply by tapping their PayPass-enabled MasterCard card or device on a PayPass reader. The Miami International Airport PayPass implementation is being managed by ACS, an industry leader in airport parking systems.
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November 17, 2009
DnB NOR Partners with MasterCard to Launch Mobile Payment Services Trial in Norway
DnB NOR, Norway’s largest bank and a leader in mobile financial services, announced today its plan to launch a mobile payment services trial for its MasterCard cardholders. Using the MasterCard Mobile Over-the-Air Provisioning Service, the first service of its kind that enables issuers to perform over-the-air personalization of PayPass in mobile devices, DnB NOR cardholders will be able to trial the service that will allow them to use their Near Field Communications (NFC)-enabled mobile phones to make payments wherever MasterCard^® PayPass™ is accepted. Telenor, a leading provider of telecommunications services worldwide, is also a partner in the trial.
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