Energy Industry
Industry: Email Alert RSS FeedAtmel, OTI products selected for use in MasterCard PayPass.(Technology Update)(On Track Innovations Ltd.)(Brief Article)
National Petroleum News, February, 2004
In December, Atmel Corporation, San Jose, Calif., and On Track Innovations Ltd., Cupertino, Calif., announced that their contactless secure microcontroller solution had been selected by MasterCard International for use in its MasterCard PayPass deployments in the United States.
MasterCard PayPass is a new "contactless" payment program that provides consumers with "The Simpler Way to Pay." Using MasterCard PayPass, consumers simply tap or wave their payment card on a specially equipped merchant terminal, eliminating the need to swipe a card through a reader. The new solution is ideal for quick payment environments where speed is essential, such as quick serve restaurants, gasoline stations, drug stores, supermarkets and movie theatres.
Atmel has been...
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