.

Paypass Electronic Processor

Paypass **** debit card is not used for deposits nor withdrawals, but it functions with most major currencies in most world markets. I have inserted it here because it represents the cutting edge of technology that is dawning over the world electronic markets. Paypass/MasterCard is designed for speed and convenience for small out of pocket payments such as coffee shops, cinemas, and fast food restaurants. It is optimized for unattended locations such as vending machines and car parking where it is operated with a ‘Tap” method, not dipped, not swiped. It is a new “contact-less” way to pay. Some mobile phones (Cingular and Motorola) have this technology hard wired. No plastic card is used. Just a tap of your mobile phone and it’s paid for. It would be nice to “tap” your computer to fund your favorite online casino. Being connected to Maestro, it is funded via direct access to your bank account but is a debit card and cannot be overdrawn.

. . . . . . . . . .

.

.