A lot can happen in a few seconds. Here’s a look inside the processing of a typical MasterCard PayPass transaction.
CUSTOMER
EXPERIENCE
Cardholder sees amount due and recognizes MasterCard PayPass is accepted for payment.
TECHNOLOGY
AT WORK
Transaction details are sent to the PayPass-enabled terminal from the Electronic Cash Register (ECR).
CUSTOMER
EXPERIENCE
Cardholder taps MasterCard PayPass card or device*on the terminal’s PayPass reader. Visual and audible cues confirm card was read.
TECHNOLOGY
AT WORK
Terminal recognizes and activates PayPass card or device and exchanges payment account details. PayPass card or device generates unique transaction data all in a fifth of a second.
CUSTOMER
EXPERIENCE
Cardholder waits a few seconds while transaction is authorized. With authorization, the terminal provides a second visual and audible cue.
TECHNOLOGY
AT WORK
Transaction data is transmitted to issuer along with payment account details via acquirer. Issuer receives data, checks unique transaction code, and authorizes transaction.
CUSTOMER
EXPERIENCE
When required, customer signs a paper receipt or enters a PIN. In the U.S. and Canada, eligible transactions under $25 don’t require a signature.
TECHNOLOGY
AT WORK
After the transaction is complete, the POS system stores transaction information. Later, records are transmitted to acquirer for batch submission to the MasterCard network for clearing and settlement.
* This term refers to a cell phone, key chain tag, key fob, PDA, or other non-card payment device.
* Limit one reader per terminal purchased. Savings based on MSRP of $299.
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