Ingenico leads PayPass contactless acceptance

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Ingenico announces it has received the world’s first certification for the MasterCard PayPass 3.0 terminal specification on June 29th 2012 for its countertop iCT250 terminal.

MasterCard PayPass 3.0 is the latest terminal specification which supports contactless card acceptance as well as other PayPass enabled form factors such as mobile phones, stickers, and wristwatches.

Ingenico has certified the full specification which enables the terminal to accept payments where the cardholder can authenticate the transaction by entering their PIN on the mobile phone handset, and then tapping their handset on the terminal. In addition, the Ingenico terminal supports PayPass 3.0 data storage which can be leveraged for value added services such as in transit, event ticketing, university campus access, and for reward and loyalty programs.