LAKS Introduces Watch to Double as a Payment Device Using MasterCard(R) PayPass(TM).
PR Newswire Europe, June, 2006
VIENNA, Austria, June 2 /PRNewswire/ -- Austrian watchmaker LAKS, which has often caused a sensation in the past with its innovative products, has introduced a breakthrough product for cashless transactions. Its latest development, the LAKS SmartTransaction Watch(TM), is the world's first watch equipped with MasterCard(R) PayPass(TM), a new "contactless" payment feature that provides consumers with a fast and convenient alternative to cash for their everyday small purchases.
MasterCard PayPass offers consumers a convenient alternative to cash that allows for small purchases to be completed quickly, securely and easily. Consumers no longer need to fumble for cash and coins, swipe a card, or sign a receipt for any PayPass purchase under USD 25,- (over USD...
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