HSBC Rolls Out Debit Cards with Contactless Technology

HSBC

Bank USA has begun issuing and reissung debit cards that feature

compatibility with MasterCard? PayPass technology.

PayPass

allows card users to pay quickly and possibly more securely

by tapping their cards on merchant terminals without the card

ever leaving their hands. Some merchants allow PayPass users

to complete transactions under $25 without an accompanying customer

signature.

HSBC

expects to issue about one million cards through the end of

2005 and says it will be the first bank to completely reissue

its debit cards to include PayPass.

Published 09/14/05 (Modified 05/07/12)