What is PayPass? PayPass Review

1. Features

Eliminate the process of swiping or inserting MasterCard credit cards into card machines, payment is simple, fast and secure. Just hold the MasterCard PayPass card within 4 cm of the MasterCardPayPass sensor, and the MasterCard PayPass sensor will sense the card information of the MasterCard PayPass card.

2. Security Mechanism

The MasterCard PayPass smart chip integrates the world's most advanced EMV chip security and radio technology. It has multiple built-in encryption mechanisms and uses the Dynamic Data Authentication (DDA) function. During transactions, the MasterCard PayPass smart chip can generate a unique signature for each transaction, improving the security of data during transmission and preventing the possibility of data theft and eavesdropping.

MasterCard PayPass issuing member institutions can decide whether to process MasterCard PayPass transactions as general "online transactions" or fast "offline transactions" based on risk management requirements. Offline transactions can complete all procedures from printing and signing the form in as fast as 4 seconds.

Each MasterCard PayPass card is equipped with a "risk limit accumulation" function. When the total accumulated transaction amount exceeds a certain amount, when the merchant executes the transaction, the system will switch from offline transaction to online transaction, and perform a confirmation procedure with the issuing bank through the terminal to enhance the cardholder's payment security.

The card is in the hands of consumers and there is no need to worry about it being recorded or stolen.