Taco Bell Testing MasterCard PayPass
By Seth Harbison
Fast food chain Taco Bell and MasterCard announced yesterday a test of MasterCard’s “contactless” PayPass system of credit card acceptance. Assuming the trial is successful, Taco Bell plans to offer the payment technology at all of its 1200+ company-owned Mexican restaurants and many franchisee-owned restaurants as well.
About 100 Taco Bell locations will begin accepting MasterCard PayPass in the fourth quarter of 2007, with more added based on the results of the trial. Taco Bell will accept the credit card payments at both the drive-through or via the counter for dine-in customers.
PayPass works through radio frequency identification (RFID), which allows cardholders to tap the cards against PayPass-enabled readers, leading to quicker transaction times than traditional card swiping. For purchases under $25, which would probably cover most Taco Bell purchases, customers do not have to sign a credit card receipt.
Taco Bell will continue to accept traditional swiped credit cards regardless of whether the PayPass rollout is successful.
-
1.Discover® More Card - 0% APR on balance transfers for 12 months & 6 months on purchases, 5% cashback bonus in popular categories, up to 1% cashback bonus on all other purchases
-
2.Chase Freedom Card - 0% Intro APR and no Annual Fee, 5% bonus cash back in popular categories , 1% cash bank on everything else
-
3.Citi® Platinum Select® MasterCard® - 0% on purchases & balance transfers for Up to 18 months, APR as low as 9.99% variable. $30 statement credit.
-
4.Blue Cash® from American Express - Earn up to 5% cash back on gas, groceries and drug store purchases, and up to 1.5% back on all other purchases, no annual fee, fast approval under 60 seconds
-
5.
-
6.American Express® Gold Card - 10,000 American Express Membership Rewards bonus points when you use the card for at least $500 in purchases within the first 3 months.
-
7.TrueEarnings® Business Card from Costco & American Express - 4% cash back for annual gas purchases up to $6,000, 3% restaurants, 2% travel, 1% everywhere else, 0% APR on purchases for first 6 months







