Kinecta FCU Rolls Out Contactless MasterCards
MANHATTAN BEACH, Calif. – Kinecta FCU said yesterday it will provide its members with MasterCard PayPass contactless payment technology on its credit cards.
To use the "Tap N Go" feature, Kinecta members simply tap their PayPass-enabled credit cards on a specially equipped merchant terminal. PayPass allows payments to be completed quickly, securely and easily, without the hassle of swiping a card or fumbling for cash and coins.
Signatures are not required for PayPass purchases under $50, further expediting transactions. PayPass cards also include traditional magnetic strips so they can be used anywhere MasterCard cards are accepted.
The $3.5 billion credit union will provide new MasterCard cardholders with PayPass-enabled credit cards this month, and will begin replacing existing members' credit cards with PayPass-enabled cards that same month.