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Subway to install MasterCard’s PayPass contactless payment system
Purchase, N.Y. -- MasterCard Worldwide announced that Subway, the nation’s largest sandwich chain, will accept MasterCard’s PayPass contactless payments at more than 7,000 U.S. locations by the end of first quarter 2012.
Consumers will now have the option of paying for their meal by simply tapping a MasterCard PayPass-enabled card or device at the register. PayPass does not require customers to sign receipts for purchases under $50.
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IHL: Tablets and smartphones transforming retail experience
Franklin, Tenn. -- Tablets and smartphones are redefining the retail shopping experience and will be a $5 billion market per year by 2015, according to a new research report by IHL Group.
The study, Mobility: A Gutenberg Moment for Retail, A Threat to POS, found that the release of the Apple iPad and Amazon Kindle Fire have created price points and form factors for mobile devices that are finally allowing retailers to arm their associates with tools that will transform the in-store experience.