Contactless payments in the U.S. got another big boost as Taco Bell announced plans to test “MasterCard PayPass.” The news comes as “PayPass” is now accepted at more than 46,000 merchant locations worldwide, compared to less than 25,000 one-year ago. There are nearly 13 million “PayPass”-enabled cards now in the market. Approximately 100 Taco Bell stores will begin accepting “PayPass” in the fourth quarter of this year, with additional stores likely to be added throughout 2008. Taco Bell says it intends to launch at all 1,300 company owned restaurants and additional participating franchise locations nationwide. Other major participating merchants include 7-Eleven, CVS, and Regal Entertainment Group theaters, plus numerous football and baseball stadiums.
Feb 06: 25,000
Jul 06: 32,000
Nov 06: 36,000
Mar 07: 46,000
Source: CardData (www.carddata.com)