Staying secure means staying up-to-date.

Quick Payment Service (QPS)
Consumers are using cash less often than they did five years ago (60% of consumers polled carry less than $20 in their wallet). To make the “go cashless” trend work for merchants, even for low value payments, we have introduced the MasterCard Quick Payment Service. For purchases under $25, signatures are no longer required by qualified merchants (to preserve chargeback rights). This added customer convenience shaves time at the point-of-sale. Shorter lines and increased efficiency at the checkout counter are likely to result in greater sales, without increasing costs for security. If your business depends on moving customers quickly through check-out, you can benefit from QPS.

MasterCard PayPass™
MasterCard PayPass adds an embedded radio frequency chip and antenna to MasterCard cards or new contactless devices. With MasterCard PayPass, consumers speed through check-out with a simple tap, rather than a swipe or a dip of their card. When combined with the MasterCard QPS program, no signature is necessary for many purchases under $25, so consumers just Tap & Go™! As MasterCard PayPass cards and devices never leave their hands, consumers have an added sense of security; advanced chip-based cryptography (CVC3) delivers another layer of security to make this fast and convenient payment a safe option as well.

Chip Technology
Payment cards containing chips are more powerful than traditional magnetic stripe cards because they contain tiny computers that make transactions safer. Chip technology also reduces the incidence of fraud by making cards more difficult to counterfeit. Although chip technology is widely used in some areas of the world, it is still emerging in other areas.

Internet Protocols (IP) and Wireless technologies
IP communications and wireless technologies are revolutionizing the point of sale (POS). They provide fast, flexible and low cost solutions to connect stand alone POS terminals to networks and acquirers. However IP enabled or wireless enabled stand alone POS terminals are exposed to the attacks perpetrated by the same hackers that plague the Internet.