MasterCard innovative payment solutions to be installed at Staples

In early 2009 customers of 300 Staples Business Depot and Bureau en Gros stores within Canada will be provided with two new payment options including MasterCard(R) PayPass(TM)-enabled readers and chip card terminals.

Chip technology upgrades credit and debit cards to a high level of payments security. The principle of the transaction procedure will undergo some alterations while the card itself will save the same features. Customers will insert their card into a special reader instead of swiping them and verify their payments with a PIN instead of putting their signatures.

Besides the chip system enables innovative features like MasterCard PayPass when a MasterCard cardholders authorize their transactions securely via radio frequency (RF) by "tapping" their cards against a PayPass enabled point-of-sale payment terminal. Purchases under Can$50 don not require signature and customers always can receive their receipts.