The Home Depot to accept MasterCard PayPass

Purchase, N.Y. MasterCard Worldwide announced Monday that The Home Depot will begin accepting its contactless payment system, MasterCard PayPass, at 1,974 retail locations across the United States.

The MasterCard PayPass is designed to provide customers with faster transactions and greater payment convenience: Customers simply tap their MasterCard PayPass cards or devices on a PayPass reader at checkout to complete their purchases.

"Contactless payments meet consumer demand for more convenient ways to pay in retail environments," said Cathleen Conforti, senior VP, Global PayPass, MasterCard Worldwide. "The increasing popularity of MasterCard PayPass demonstrates that merchants and customers alike appreciate the speed and convenience PayPass delivers, as consumers continue to shift their preference to electronic payments from cash and check."

In addition to MasterCard PayPass, The Home Depot will continue accepting all other traditional magnetic-stripe payment-card brands.

In related news, Sports Authority on July 22, announced that it will begin accepting MasterCard PayPass contactless payments at all of its 450 store locations in the United States.

“In addition to the latest sporting goods, equipment and apparel, we strive to provide our customers with the best possible services and conveniences,” said Tom McVey, senior VP, store operations, Sports Authority. “Accepting MasterCard PayPass will help keep our checkout lines short, so customers spend less time waiting in line when they make their purchases.”