MasterCard Aims To Drive Micropayments ToCredit Cards

PURCHASE, N.Y. - (12/07/05) -- MasterCard International said it hasentered into an agreement withWaltham, Mass.-based Peppercoinseeking to accelerate card usage for small transactions, so-calledmicropayments, at both retailers and online. Under the plan,merchants will be able to aggregate smaller payments, which wouldreduce the cost to the merchant of processing the micropaymenttransaction. The card association said that merchants will then beable to utilize small payments technology, such as that fromPeppercoin, to develop new revenue streams, implement loyaltyprograms more easily, and meet consumer demand while sellinglow-priced goods profitably.