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.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )