Tuesday, Jul 25, 2006
MasterCard & AJB Team Up on RFID
NEW YORK and TORONTO –MasterCard Inc. (NYSE: MA) and AJB Software Design Inc. today announced availability of MasterCard’s RFID (radio frequency identification) PayPass technology on AJB’s product suite. MasterCard customers will be able to use their PayPass credit card to purchase a wide variety of goods and services from a new shirt in a clothing store to a cold drink from a vending machine. Master Card’s PayPass technology is now supported by the newest versions of AJB’s integrated payment solutions and will be supported in all future iterations.
Leveraging MasterCard’s engineered RFID technology, PayPass is an innovative payment technology that allows shoppers the ability to complete their credit transactions quickly and easily. AJB’s payment suite, including Retail Transaction Switch (RTS) and FiPay, are now upgraded to accept MasterCard PayPass transactions. This accomplishment marks another successful venture between AJB and MasterCard. The two companies have worked together in the past to deliver payment solutions to several leading North American retailers.
"AJB’s integrated payment solutions are a natural fit for any retail business needing fast, reliable and secure authorization and processing of electronic transactions at the point of sale (POS)," said MasterCard (…). We are pleased to partner with AJB to provide PayPass technology. Together, MasterCard and AJB Software are a powerful combination that enable retailers to enhance shopper convenience and operational efficiency".
MasterCard PayPass is flexible enough to adapt to the diverse market needs of its customers. It can enhance all types of MasterCard consumer and business accounts. It can be built into both cards and devices and it supports markets that primarily issue smart cards as well as those that issue magnetic stripe cards. In addition, it can be added to a card allowing it to perform both contact and contactless payments. So a MasterCard credit card with PayPass is accepted via a swipe, dip, or tap at millions of locations throughout the world. One card does everything.
"MasterCard is an innovator in electronic payment. They are the company that provides intuitive payment solutions for a global market," said AJB Director of Business Development Aleem Ulla. "Our support of the MasterCard PayPass system will enhance our ability to deliver premium quality, market-ready solutions to retailers nationwide."
About AJB Software Design Inc.
Toronto-based AJB Software Design Inc. is the leading provider of integrated payment solutions for the retail marketplace. AJB has been involved in authorization, polling and custom financial software development for over 12 years working with all widely deployed POS systems, banking institutions and communication platforms. AJB’s 125-plus customers include some of the largest apparel, grocery, hotel, department, petroleum, specialty retailer and entertainment venues in North America and Europe. AJB is dedicated to being the premier customer-focused software services company worldwide. Please visit AJB’s Web site at www.ajbsoftware.com.
About MasterCard Inc.
MasterCard Inc. (NYSE: MA) is a leading global electronic payments company helping businesses build stronger relationships with their customers by making their transactions faster and easier. Today and beyond, MasterCard Incorporated continues to provide a unique combination of expertise, industry-leading insight, and globally-integrated resources that the company leverages to deliver value to constituents. MasterCard is committed to innovating and growing the range of products and services the company brings to market through our strong partnerships with our customers.
(From MC Website). Based in Purchase, New York, MasterCard (www.mastercard.com) employs approximately 4,000 people worldwide.
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