HSBC Merchant Services LLP, a wholly-owned subsidiary of Global Payments and one of the largest independent payment processors in the UK, has become the first merchant acquirer in the UK to offer MasterCard PayPass 3.0 payment processing to its merchant customers.
HSBC Merchant Services customers can now upgrade their terminals to accept MasterCard PayPass 3.0, which supports payments made via contactless card, near-field communication (NFC) capable mobile phones, stickers and wristbands. MasterCard PayPass 3.0 can also accept NFC payments over the current limit of £20 and support PIN entry on the mobile handset.
The upgrade is available to all merchants using Ingenico iCT220 or iCT250 countertop terminals with P30CL PIN Pads, though an upgrade charge may apply. The terminals will accept payments made via cards, wristbands or stickers up to a limit of £20, but transactions over £20 can be made where the cardholder can authenticate the transaction by entering a PIN on the mobile phone handset and then tapping their handset on the terminal. For the first time, PayPass 3.0 introduces recovery for failed tap transactions.
Chris Davies, Managing Director, HSBC Merchant Services points out the growing interest in contactless payment acceptance:
“With alternative payments on the rise in the UK, our customers are increasingly interested in how they can make the switch to accepting contactless card and mobile phone payments and, importantly, how they can make this as cost effective and easy as possible. Also, customers are aware of the demand to pay for higher value transactions via contactless technology as their customers become more accustomed to new forms of payment.
“MasterCard PayPass 3.0 functionality assures that customers are using the most innovative technology in the payments industry.”
Marion King, CEO, MasterCard, UK and Ireland explained:
“The upgrades to PayPass have been developed in response to the growing customer appetite for contactless card and mobile payments. We see this as opportunity for all participants in the payment process, including consumers, merchants and acquirers, and we are pleased to be working with HSBC Merchant Services on the first UK roll-out of PayPass 3.0.”