National Quick Serve Restaurant Chain Joins Growing List of Merchants Accepting PayPass “Tap & Go”Contactless Payment Technology
Purchase, NY, March 15, 2007–MasterCard Worldwide and Taco Bell announced today that they are testing MasterCard® PayPass™, an innovative contactless payment solution, with the intent to launch at all 1,300 company owned restaurants and additional participating franchise locations nationwide. Taco Bell is the nation’s leading Mexican-style quick service restaurant chain, making it the perfect setting for this quick and easy payment option. PayPass will be accepted at both dine-in and drive-thru locations. Approximately 100 Taco Bell stores will begin accepting MasterCard PayPass in the fourth quarter of 2007, with additional stores added throughout 2008, pending a successful test.
“As a quick service restaurant we understand the importance of our customers’ time, and accepting MasterCard PayPass provides an obvious benefit to them,” said Greg Creed, President, Taco Bell Corp. “PayPass gives Taco Bell customers the opportunity to order their food, pay for it, grab it and run without having to search for cash.”
With MasterCard PayPass, consumers no longer need to fumble for cash or hand their card to a cashier for purchases. Users simply tap their PayPass-enabled card or device on the PayPass reader and are on their way. Purchases under $25 will not require the customer to sign the receipt, further speeding up the transaction. In addition, Taco Bell will continue to accept traditional magnetic-stripe payment cards.
“Taco Bell’s decision to accept MasterCard PayPass demonstrates its focus on improving the customer experience,” said T.J. Sharkey, Group Head, National Accounts, U.S. Commerce Development, MasterCard Worldwide. “PayPass is revolutionizing the quick service industry by enabling customers to ‘tap and go’ when making purchases, keeping lines short and moving more customers through restaurants faster.”
About MasterCard PayPass
MasterCard PayPass is ideal for traditional cash-heavy environments where speed is essential, and has led the way in bringing contactless technology to consumer categories such as quick serve restaurants, drug stores, gas stations, vending machines, convenience stores, sports arenas, movie theaters, transit systems and parking garages. There are currently nearly 13 million PayPass cards and devices in the market, and PayPass is currently accepted globally at 46,000 merchant locations, including participating 7-Eleven, CVS, Regal Entertainment Group theaters and many others. PayPass is also accepted at numerous football and baseball stadiums. For more information about MasterCard PayPass and a full list of participating merchants, visit http://www.mastercard.com/PayPass.
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 over 16 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. 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 http://www.mastercard.com.
About Taco Bell
Taco Bell Corp., a subsidiary of Yum! Brands, Inc., (NYSE: YUM), is the nation’s leading Mexican-style quick service restaurant chain serving tacos, burritos, signature Quesadillas, Grilled Stuft Burritos, nachos and other specialty items. Taco Bell serves more than 35 million consumers each week in nearly 5,800 restaurants in the U.S.
Nothing related.
FAQs
Users simply tap their PayPass-enabled card or device on the PayPass reader and are on their way. Purchases under $25 will not require the customer to sign the receipt, further speeding up the transaction. In addition, Taco Bell will continue to accept traditional magnetic-stripe payment cards.
How do I use my Mastercard PayPass? ›
To make a purchase, simply tap your PayPass card, key fob, or mobile phone on the “contactless” payment reader at the checkout of participating retail locations.
What is Mastercard PayPass technology? ›
MasterCard PayPass™ in Action
Developed to replace the need to carry cash, PayPass allows for fast and easy payments around the world with the simple tap of a card, phone, FOB, or other payment device. With PayPass, MasterCard is not only changing the way people make purchases, but also the way they view cash.
What is the PayPass feature? ›
Mastercard PayPass is a contactless payment feature on your MBNA Mastercard® credit card that contains an embedded chip and radio frequency antenna. It's a safe and secure way to transmit your payment details wirelessly.
Does Taco Bell accept Mastercard? ›
Yes, Taco Bell Does Accept Mastercard!
Whether you're hitting the drive-thru or stepping inside for a feast, you can pull out your Mastercard with confidence. Taco Bell makes it super easy to pay for your delicious Mexican-inspired meals, ensuring you get your food quickly and conveniently.
What is the limit on Mastercard PayPass? ›
Mastercard and Visa raise tap limits to $250 so fewer consumers need to touch payment machines - The Globe and Mail.
How does Mastercard contactless work? ›
After you tap your contactless card or device at checkout, payment details are sent wirelessly to the Mastercard network. If using a mobile phone, moments after you tap, you'll receive payment confirmation and be on your way.
How do I know if my MasterCard is contactless? ›
How to know if your card is contactless. Contactless cards have a wave-like symbol that looks similar to a wi-fi symbol on the front of your card. This indicates that you can pay for purchases by tapping your card at checkout with participating retailers, such as Costco and Target.
How does contactless checkout work? ›
To make a payment, your contactless card or payment-enabled mobile/wearable device must be placed within 2 inches of the Contactless Symbol located on the checkout terminal in order for the transaction to take place (so you can't pay accidentally).
Does PayPass charge fees? ›
The problem for debit card users is payWave and PayPass “tap and go” use the same processing system as credit card payments, which are subject to fees by Visa, MasterCard or the card provider. So if you use a debit card to “tap and go”, you could find yourself charged a merchant service fee or surcharge.
A faster way to checkout
No swiping, inserting, signature or PIN is required for small purchases. Just tap your card on the card reader and you are done. The purchase will then be authorized, processed and billed in the same secure way as your other transactions.
Is PayPass the same as contactless? ›
An ideal MasterCard contactless payment option, a PayPass transaction is one in which you authorize a transaction by tapping your card on a contactless terminal and selecting the 'credit' or 'debit MasterCard' option. Unlike PayPass, PayWave is a visa contactless payment option.
What is the difference between swipe and contactless? ›
Contactless credit cards have a small embedded chip emitting electromagnetic waves. This chip is not the “insert” chip you use instead of swiping. When you place your card within a few inches of a contactless-enabled payment terminal, your payment information is transferred.
Does Taco Bell offer tap to pay? ›
Yes, Taco Bell does accept Apple Pay at most of its locations. However, it's important to note that some franchise-owned stores may not offer this payment option yet.
Does Taco Bell have contactless pay? ›
Here are the steps through which you can use Google Pay at a location of Taco Bell. Step 1: Make your order. Step 2: Tell the cashier or the staff that you wish to pay with Google Pay. Step 3: Unlock your device and hold it near the contactless reader at the checkout counter.
Does Taco Bell take tap to pay? ›
Users simply tap their PayPass-enabled card or device on the PayPass reader and are on their way. Purchases under $25 will not require the customer to sign the receipt, further speeding up the transaction. In addition, Taco Bell will continue to accept traditional magnetic-stripe payment cards.
How do I pay with a credit card by tapping? ›
When prompted, bring your card or mobile/wearable device within a few inches of the Contactless Symbol on the checkout terminal. Depending on the terminal, you may tap on, above, or below the screen.
How do I pay with my phone tap card? ›
In the TAP app, sign in or create a TAP account. In the Cards section, press (“add card” icon) in the top left. Press “Add a TAP Card on Your Phone.” Once your “virtual” card is added, it will be displayed in the Cards section of the app.
Do I need PIN for tap to pay? ›
Every chip and contactless transaction includes a unique code helping to protect you against fraud and keep your personal information safe. During this transaction, you tap and pay at the terminal. You will not need to enter your PIN, unless the merchant terminal requires one. Q.
